• 1H FY26 FFO of 2.2cpu, Dec-25 NTA/unit of $1.39
• 100% rent collection, 99% occupancy, 4.2% LFL NOI growth
• Executable agreements with alternative operators for Healthscope hospitals

HealthCo Healthcare & Wellness REIT (ASX: HCW) released its results for the half year ended 31 December 2025. The REIT's performance reflected continued strong underlying operational performance and prudent capital management, with a primary focus on proactively progressing a resolution of the Healthscope situation. Key highlights include 1H FY26 FFO of 2.2cpu, Dec-25 NTA/unit of $1.39, $77m of asset sales, and a strong balance sheet with Dec-25 cash and undrawn debt of $155m and gearing of 28.5%. The portfolio delivered 100% rent collection, 99% occupancy, and 4.2% LFL NOI growth. Regarding the Healthscope situation, all 11 hospitals owned by HCW and the Unlisted Healthcare Fund have paid 100% of rent due, and the Landlords have executable agreements with alternative operators on a state-by-state basis for all 11 hospitals, including new long-term leases, unchanged face rent, and rental incentives that would result in a 10-15% near-term reduction to asset valuations. The Landlords remain open to continued constructive dialogue with the Receiver to resolve the situation in a manner aligned with HCW's objectives and consistent with the Landlords' rights and obligations.

HCW's key priority is to resolve the Healthscope situation, and it is expected that HCW and UHF will recommence distributions once the Healthscope situation has been resolved. HCW does not intend to issue guidance until the Healthscope situation has been resolved.