Pre-tax profit doubled from $32m to $63m.
Bupa has 35 retirement villages and 40 care or geriatric homes in New Zealand.
The Tararu Care Home in Thames, operated by Bupa.
The company says it has more than 5000 residents here.
The New Zealand company is owned by Bupa Aged Care Holdings Pty of Melbourne.
Directors are Timothy Griffiths, of Wellington, Pedro Soro, of Takapuna, and Julie Sellar, of Porirua.
Full financial statements are only posted with the Companies Office here because Bupa is foreign-owned.
Bupa has villages in Northland, Auckland, Waikato, Coromandel, Bay of Plenty, Hawke’s Bay, Manawatū, Wellington, Kāpiti, Canterbury and the South Island.
Payment of occupation rights agreement capital sums to outgoing residents rose from $81m in 2024 to $86m in 2025.
Bupa earned $286m in aged-care resident fees in 2024 but $303m last year.
Bottom-line profit rose from $15m to $109m.
Bupa said in one recent year, people occupied its villas for an average of 6.6 years, an apartment for 5.1 years and a care suite for two years.
A spokeswoman said the company preferred to emphasise operating profit, which rose from $50m to $76m between the two periods, rather than the bottom-line rise of more than 600%.
The comprehensive income reported included property valuations.
These happen every three years, and the last one was completed in 2022, she said.
Because of business performance and increasing property values, the revaluations show a marked increase in comprehensive income, she said.
“But this is not profit and is valuations. The correct performance indicator for the business is operating profit,” she said.
The company is continuing to grow its presence in this country.
Bupa has care homes and retirement villages.
Last month, the Herald reported how Bupa New Zealand and Alvarium had announced Bupa’s purchase of 13ha of land at Mangawhai.
Bupa plans to develop a new village and care home on the western side of the town.
Mangawhai has been cited as the fastest growing town in Northland.
Shane Scott, head of real estate at Alvarium Investments, said: “The Bupa development will sit naturally alongside our residential stages, creating complementary amenities that lift the whole development, provide more healthcare and support options for residents, and increase confidence in the area for potential purchasers.
“This investment reinforces the vision for Mangawhai Central as a connected, liveable community, and brings real social and economic value to the town.”
Pedro Sanchez, Bupa New Zealand managing director, said the business had another new development at Wellington’s Whitby.
It was also redeveloping properties at Parkstone in Christchurch, Riverstone in Palmerston North and at Te Puke, south of Tauranga, he said.
Bupa employs more than 22,000 people in the Asia Pacific region.
It is an international healthcare group that’s run for more than 70 years.
Bupa Asia Pacific operates in NZ, Australia and Hong Kong.
It has about 8.2 million customers of its health insurance, aged care, dental, medical, optical and hearing services, the company says.
Anne Gibson has been the Herald’s property editor for 26 years, written books and covered property extensively here and overseas.
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