FPH - Fisher Paykel Healthcare Corp

[Left Field]

Fabulous result! Well done holders.

https://www.nzx.com/announcements/473285

Total operating revenue was $2.31 billion, an increase of 14% from the prior financial year, or 12% in constant currency. Net profit after tax for the financial year was $468.5 million, a 24% increase over the 2025 financial year, or 28% in constant currency.

Overview of key results for the 2026 financial year
• 14% growth in operating revenue to $2.31 billion, 12% growth in constant currency.
• 24% growth in net profit after tax to $468.5 million, 28% growth in constant currency.
• 18% growth in Hospital operating revenue to $1.51 billion, 15% growth in constant currency.
• 18% revenue growth for new applications consumables, 16% growth in constant currency.
• 16% revenue growth for hospital consumables, 14% growth in constant currency.
• 8% growth in Homecare operating revenue to $802.7 million, 7% growth in constant currency.
• 7% growth in OSA masks revenue, or 5% growth in constant currency.
• Investment in R&D was 10% of revenue, or $235.5 million.
• 38% increase in final dividend to 33.0 cps (2025: 24.0 cps).
• 22% increase in total dividend for the financial year to 52.0 cps (2025: 42.5 c

[LoungeLizard]

Nothing wrong with that result! All key indicators moving in the right direction. IFT, FPH, RYM all doing well - might bode well for funds like KFL maybe?

[Left Field]

Nice to see FHP's SP climbing on the back of their strong results.... heading north of $37.00 today.

I've always considered my FHP holding (and IFT) as the 'bond equivalents' in my NZX portfolio...(safe, boring etc)

Much better  than using BRM & KFL as default 'bond' investments IMHO.

(Topped up a few more yesterday, MY DCA circa $25 so 'well positioned'.)

[Red Baron]

Nice to see FHP's SP climbing on the back of their strong results.... heading north of $37.00 today.

I've always considered my FHP holding (and IFT) as the 'bond equivalents' in my NZX portfolio...(safe, boring etc)

Now I know vhy zhey call you 'Left Field'.  F&P Healthcare has varied een price between $20 and $40 over ze last vive years.  Infratil between $6 and $16, zo both very volatile.   Dividend yields vor both are veery low.  Zhese zhares are een ze very highest risk category.  Ze exact opposite of bonds which tend to be var more capital ztable and geeve you a good predeectible eencome!

RB

[moose]

Nothing wrong with that result! All key indicators moving in the right direction. IFT, FPH, RYM all doing well - might bode well for funds like KFL maybe?

Looks like KFL nta around 1.268 at cob yesterday - so up around 5% since last wednesday. Share price only moved about 1/3rd of that though

[Left Field]

Now I know vhy zhey call you 'Left Field'.  F&P Healthcare has varied een price between $20 and $40 over ze last vive years.  Infratil between $6 and $16, zo both very volatile.   Dividend yields vor both are veery low.  Zhese zhares are een ze very highest risk category.  Ze exact opposite of bonds which tend to be var more capital ztable and geeve you a good predeectible eencome!

RB

Respected poster Kiora only has 2 shares in his NZX portfolio. FPH at 20% and IFT at 80%.

Set and forget.... interesting strategy.

[Red Baron]

Respected poster Kiora only has 2 shares in his NZX portfolio. FPH at 20% and IFT at 80%.

Set and forget.... interesting strategy.

Not zaying eet eez a bad ztrategy, vor zhose villing to take ze rixk.  Just calling you out on your 'bond equivalent' remark.

RB

P.S.  Not a particular van of bonds myzelf

[Left Field]

Not zaying eet eez a bad ztrategy, vor zhose villing to take ze rixk.  Just calling you out on your 'bond equivalent' remark.

RB

P.S.  Not a particular van of bonds myzelf

Here's how the last 10 yrs looked based on SP only.

Probably better returns than bonds!   

[LoungeLizard]

Nice chart LF. Says it all. People have different investment timeframes and some favour high dividends (riskier in my view) over long term tax-free capital gain. But as your graph shows, if you pick the right companies, and stick with them, you can make more money, more safely. Given the pretty much relentless climb of IFT I'm predicting that its SP will surpass FPH's in 5 years or so. 

[Red Baron]

Here's how the last 10 yrs looked based on SP only.

Probably better returns than bonds!   

Abzolutely, vhich proves my point.  Bonds do not tend to go up een value like zhat, nor do they go down, like Zky Zity.   The vact zhat you chose Visher and Paykel Healthcare as a illustrative example zimply zhows you are a very good retrospective investor.

RB