NHC Reports 2025 Year End Earnings

Core Insights - National HealthCare Corporation (NHC) reported a 16.1% increase in net operating revenues and grant income for the year ended December 31, 2025, totaling $1,517,781,000 compared to $1,307,382,000 in 2024 [1] - The increase was attributed to an 8.4% rise in same-facility net operating revenues and the acquisition of White Oak Manor, which added 22 healthcare operations [1] - Adjusted net income for 2025 was $104,067,000, reflecting a 35.4% increase from $76,862,000 in 2024 [1] Financial Performance - For the year ended December 31, 2025, GAAP net income attributable to NHC was $120,015,000, up from $101,927,000 in 2024 [1] - GAAP diluted earnings per share increased to $7.67 in 2025 from $6.53 in 2024, while adjusted diluted earnings per share rose to $6.65 from $4.93 [1] - For the fourth quarter of 2025, GAAP net income was $24,849,000 compared to $6,081,000 in the same quarter of 2024, with adjusted net income at $28,774,000, a 10.9% increase from $25,954,000 [1] Operational Overview - As of February 1, 2026, NHC operates 80 skilled nursing facilities with 10,329 beds, 26 assisted living communities with 1,413 units, and other healthcare services including homecare and hospice agencies [1] - The company continues to provide a range of services including Alzheimer's care, pharmacy services, and management for third-party operators [1]