• Underlying net profit after tax increased by 2.9% to $636.8m
• Total FY26 fully franked ordinary dividend up 6.7% to 19.2 cps
• Strong growth across the business with improved momentum in the Medibank brand
• Delivered almost $300 million in value to customers through various programs
• Continued to expand care outside hospital, saving 194,000 hospital bed days

Medibank Private Ltd announced its FY26 full-year results, highlighting a 2.9% increase in underlying net profit after tax to $636.8 million. The company delivered a total FY26 fully franked ordinary dividend of 19.2 cps, up 6.7% from the previous year. CEO David Koczkar noted the company's disciplined approach to managing the group, with a further $10 million in productivity savings, bringing the total to $132.4 million in under a decade. The company delivered almost $300 million in value to customers through its Members' Choice and no gap networks, and Live Better rewards. The Medibank brand showed improved momentum, and ahm continued to grow above the market. Medibank Health delivered a record result, with strong organic growth across all segments. The company also expanded care outside hospital, saving 194,000 hospital bed days.

FY27 resident PHI gross margin expected to be consistent with FY26, Medibank Health segment profit growth of c. 25%

Medibank aims to grow market share in a disciplined way, with a strong asset pipeline and appetite for further M&A opportunities.