Announcement PDF 1 FULL YEAR FY26 FINANCIAL RESULTS 20 AUGUST 2026 Bel-Air Apartments - Belmont 2 80 COMPLETED PROJECTS | 7,603 UNITS 3 ABOUT FINBAR • Finbar Group Limited, listed on the ASX since 1995, has established a remarkable 31-year profitable track record as Western Australia’s leading apartment property developer. • With a 100% project delivery success rate, Finbar has completed 80 residential and mixed-use developments to date, comprising 7,603 apartments and commercial units across the state. This achievement, combined with 31 consecutive years of profit, underpins Finbar’s position as one of WA’s most trusted developers. • Throughout its history, Finbar has consistently shaped Perth’s skyline, achieving major milestones, from its first project, Seville on the Point, to landmark luxury developments and over $4.5 billion in completed projects. Today, with a skilled team of 18 professionals, the company continues to focus on sustainably elevating the quality of inner-city living and enhancing Perth’s urban environment for future generations. 4 FY26 RESULTS AND OPERATIONAL HIGHLIGHTS 5 FY26 RESULTS AND OPERATIONAL HIGHLIGHTS FINANCIAL RESULTS 6 Artist Impression: Parkside Residences– Springs Rivervale FY26 FINANCIAL RESULTS PROFIT AND LOSS FY26 FY25 Variance % Sales (lots) 566 221 156% Settlements (lots) 287 351 (18%) Revenue $204.3m $284.5m (28%) Cost of sales ($163.1m) ($250.1m) 35% Gross Profit $41.2m $34.4m 20% Other Income $0.9m $6.2m (85%) Administration and Other ($12.0m) ($16.5m) 27% Net Revaluation ($2.6m) ($2.8m) 7% Operating Profit $27.5m $21.3m 29% Net Finance Income/(Costs) $1.0m ($1.4m) 168% Equity Accounted Investees $0.0m $0.3m (93%) Profit Before Income Tax $28.5m $20.2m 41% Income tax expense ($8.2m) ($5.8m) (40%) Net Profit after tax (NPAT) $20.3m $14.4m 41% Earnings Per Share 7.44c 5.28c 40% Revenue was predominantly derived from sell-down of completed stock, including land sales and recurring rental income. Bel-Air reached practical completion in FY26, compared to the prior year which saw the completion of Aurora and The Point. Bel-Air’s more affordable product offering partially contributed to the lower revenue. The Group’s gross profit margin in FY26 was significantly higher at 20.2% compared to prior year of 12.1%. The net revaluation reflects cap rate expansion driven by interest rate increases and subdued commercial asset performance, partially offset by valuation gains in residential assets classified as Assets Held for Sale during the reporting period. The business restructuring has enhanced operational efficiency resulting in lower operational overheads. Finance income increased due to higher cash reserves, improved interest rates and the active management of surplus cash through term deposits, while financing costs decreased following the repayment of investment property debt. The growth in NPAT was driven by successful project completion, the sell-down of completed stock, alongside disciplined cash and cost management. The decline in other income was in line with expectations following the divestment of business units in FY2025. Finbar achieved outstanding sales from completed stock (including Pelago), projects under construction and new projects launched in FY2026 FY26 FINANCIAL RESULTS BALANCE SHEET Total assets decreased mainly due to the sale of completed stock and assets held for sale, partially offset by increased WIP, land acquisitions and cash reserves. Overall debt decreased significantly following the full repayment of project loans and asset facilities, which was partially offset by drawdowns on new project funding for developments under construction. In July 2026, the remaining $5.5m loan on Bel-Air was fully repaid. Cash reserves increased from the sell-down of completed stock, Bel-Air settlements and asset sales. This strong liquidity positions the Group to pursue additional new land acquisition opportunities and fund upfront project equity. The successful delivery of the profitable Bel-Air project, combined with retained profits allocated to support our robust pipeline, has reinforced the Group’s NTA per share. FY26 FY25 Variance % Total Assets $299.4m $360.2m (17%) Net Assets (Equity) $257.1m $249.1m 3% Cash and Term Deposits $50.7m $36.4m 39% Loan and Borrowings $13.9m $50.3m 72% NTA per share 94.5c 91.5c 3% 8 DEVELOPMENT SALES ACTIVITY Artist Impression: Romeo - Applecross 9 10 TOTAL VALUE AND LOTS SOLD (FINANCIAL YEAR) FY TO DATE TO-DATE 30 JUNE 2026 • Record $528.8 million in value sold to-date, up 124% over previous year • Average 1.4 sales per day 126% increase over previous year 1 15 24 178 54 50 100 230 245 309 591 305 211 138 321 184 338 547 403 430 266 235 406 264 200 454 392 185 309 221 566 $0m $4m $6m $45m $17m $17m $37m $86m $95m $143m $329m $158m $133m $94m $198m $134m $195m $334m $277m $304m $167m $140m $214m $148m $110m $273m $253m $160m $262m $237m $529m 0 100 200 300 400 500 600 700 0 100 200 300 400 500 600 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Millions NUMBER OF SALES TOTAL VALUE 323 278 399 325 337 307 211 115 234 351 287 $160m $168m $249m $208m $180m $153m $109m $74m $246m $353m $264m 0 50 100 150 200 250 300 350 400 450 0 50 100 150 200 250 300 350 400 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Millions TOTAL SETTLEMENTS AND VALUE - FINANCIAL YEAR NO SETTS NO. OF SETTS PER DAY 11 TOTAL VALUE AND LOTS SETTLED (FINANCIAL YEAR) TO-DATE 30 June 2026 • $263.7 million in value settled in FY2026 • Comprising completed stock, Pelago Karratha and Bel-Air $251m $257m $195m $123m $46m $167m $310m $396m $413m $294m $567m $- $100 $200 $300 $400 $500 $600 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Millions 12 TOTAL CURRENT PRESALES VALUE (FINANCIAL YEAR) • $567 million in total pre-sales: • $495 million in off-the-plan • $71 million in completed stock Civic | Aurora | The Point | Bel-Air • $1 million Pelago Karratha TO-DATE 30 June 2026 $88m $171m $163m $69m $12m $64m $177m $255m $100m $23m $- $50 $100 $150 $200 $250 $300 Millions 13 COMPLETED STOCK SELL DOWN TO-DATE 30 June 2026 • $77 million in completed stock sell down FY2026 at Civic Heart, Aurora and The Point (excluding Pelago*) averaging $6.4 million per month. Completion Completion Completion Completion Completion Completion * Pelago, Karratha excluded from Completed Stock as it is classified as Asset held for Sale Completion 45% 36% 30% 44% 20% 35% 28% 24% 29% 25% 32% 29% 28% 30% 35% 33% 35% 57% 43% 34% 45% 34% 48% 55% 53% 67% 49% 26% 37% 38% 53% 41% 54% 58% 0% 10% 20% 30% 40% 50% 60% 70% 80% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 2020 2021 2022 2023 2024 2025 2026 No. Units % Proportion of Investors Sales INVESTOR SALES (CALENDAR YEARS) • Increased owner occupier buyer profile for Q4 as a result from the launch of Palmyra West with a median price of $740,000 • Increased investors for Q1 and Q2 2026 with the launch of Romeo Applecross 14 TO-DATE 30 June 2026 8% 17% 16% 16% 23% 23% 25% 26% 21% 9% 14% 17% 14% 0% 5% 10% 15% 20% 25% 30% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 FINBAR FIRST HOME BUYER FIRST HOME BUYERS (CALENDAR YEARS) 15 • 14% First home buyers for H1 CY2026 • Consecutive increases in first home buyer profile since 2023 as a result of developments targeting mid-level price offerings. TO-DATE 30 June 2026 REPEAT BUYERS (CALENDAR YEARS) 16 • 28% repeat buyer sales CY 2026 to-date • Strong repeat buyer profile driven through effective leveraging of Finbar Loyalty Club membership and brand capital TO-DATE 30 June 2026 46 29 37 40 35 31 52 97 45 13% 15% 12% 9% 11% 15% 19% 19% 28% 0% 5% 10% 15% 20% 25% 30% 0 20 40 60 80 100 120 2018 2019 2020 2021 2022 2023 2024 2025 2026 No. Units Grand Total % Repeat buyer COMPLETED PROJECTS 17 Bel-Air – Belmont COMPLETED PROJECTS South Perth Completed June 2024 $445m | 334 units 99% Sold $6m value remaining 2 residential | 1 commercial Rivervale Completed August 2024 $112m | 176 units 98% Sold $5m value remaining 4 commercial Applecross Completed October 2024 $159m | 121 units 97% Sold $9m value remaining 4 residential Completed June 2026 $115m | 196 units 96% Sold $4.9m value remaining 7 residential Belmont Asset held for sale Karratha 88% Sold $25m value remaining 16 residential | 16 commercial TO-DATE 18 AUG 2026 PROJECTS UNDER CONSTRUCTION Garden Towers – East Perth 19 PROJECTS UNDER CONSTRUCTION East Perth $296m | 342 units 81% Sold $91m value remaining 59 residential | 7 commercial Rivervale $119m | 143 units 97% Sold $4.2m value remaining 4 residential Palmyra Anticipated completion 1H FY27 Anticipated completion 1H FY28 Anticipated completion 1H FY28 $100m | 130 units 85% Sold $18m value remaining 20 residential Applecross Anticipated completion 1H FY29 $192m | 155 units 59% Sold $90m value remaining 64 residential TO-DATE 18 AUG 2026 Construction commencing Sep 26 PROJECTS IN PIPELINE Leeder Residences 21 22 PROJECTS IN PIPELINE Rivervale $73m | 108 units 108 residential West Leederville $266m | 246 units 244 residential | 2 commercial Anticipated completion 2H FY28 Anticipated completion 2H FY29 Launch to market H1 FY27 Launch to market H1 FY27 \\ South Perth $245m | 187 units 184 residential | 3 commercial South Perth $402m | 303 units 295 residential | 8 commercial Anticipated completion FY30 Anticipated completion FY32 East Perth $142m | 151 units Anticipated completion FY31 ABC Heritage Bowman Street Lyall Street Launch to market H2 FY27 Launch to market H1 FY29 Launch to market H2 FY28 150 residential | 1 commercial FIVE YEAR DEVELOPMENT PIPELINE Key Project Milestones: • Completion of Bel-Air with 53% settled in H2 FY26 • Completion of Garden Towers in H1 FY27 • Progress construction of Riverbank Residences in line with the program for completion in H1 FY28 • Progress construction of Palmyra West in line with the program for completion in H1 FY28 • Commencement of construction at Romeo Applecross in H1 FY27 • Commencement of presales for Parkside Residences (Lot 888) in H1 FY27 • Commencement of presales for Leeder Residences (Leederville) in H1 FY27 Indicative, subject to change Development Pipeline of $1.8B (1,700+ units) OUTLOOK Leeder Residences - West Leederville 24 24 25 STRATEGIC GROWTH SUMMARY Delivering WA’s Housing Needs Focused Growth in Apartments • Include map of perth with dots showing our key projects (future and previous) WHERE WE BUILD – Elevating the standard of inner-city living • Prime, walkable, transit-connected precincts across metropolitan Perth • Designed to enhance lifestyle, community and accessibility HOW WE COMPETE – Trusted partnerships. Proven performance • 31+ years in operation with 28%+ repeat buyers • Strategic Builder relationship ensures cost visibility and stability throughout the development process • Access to capital on efficient and competitive terms through major financial institutions WHAT WE DELIVER – Shaping Perth’s skyline with purpose • Large-scale residential and mixed-use projects • Mid-market focus addressing WA’s housing supply gap • Preference for wholly owned projects OUR RECOGNITION – Excellence that stands tall • Award winning developments including Civic Heart (Perth’s tallest residential tower) and Sabina Applecross • Recognised by UDIA WA and Property Council for design innovation, community value and sustainability OUR FUTURE – Sustained growth built on a solid foundation • $1.8+ billion five-year development pipeline • Strong balance sheet and supportive market conditions (strong interstate and overseas migration, housing structural undersupply) • Underlying supportive policy environment, including the 2026 federal budget Capital Gains and Negative Gearing tax reforms, ongoing stamp duty concessions and the re-introduction of the Infrastructure Development Fund • Continued delivery of high-quality, well-located apartment projects MARKET OUTLOOK Current State of the Western Australian Residential Market – Key Trends & Insights • Ongoing Strong Migration: Continued strong interstate and overseas migration to 31 December 2025 (ABS, released June 2026) with annual net increase of 10,419 and 40,422 respectively, equating to around 975 people per week and total annual population growth of 65,465. Western Australia continued to lead all states and territories with 2.2% population growth over the previous 12 months.1 • Continuing Perth Market Outperformance: For July 2026, Perth dwelling values increased by 0.1%. For the three months to July 2026, Perth recorded a marginal decrease in dwelling values of –0.3%, performing better than the Sydney, Melbourne, Brisbane and the ACT markets, with Combined Capitals recording -2.5%.2 • Strong Perth Growth YoY: For the twelve months to July 2026, Perth recorded 20.5% growth in dwelling values versus the Combined Capitals achieving 3.9%. Median days on Perth market for dwellings for July 2026 is 17 days versus 13 days for July 2025, while Combined Capitals recorded 33 days for July 2026.2 • WA Apartment Market Outperformance: The apartment sector has continued to experience strong growth over the year. Unit values have been rising faster than houses with recent annual growth in median sale price to July 2026 reflecting ~22.7% for apartments vs ~18.0% for houses, reinforcing the continued demand and comparative affordability driver for units.3 • Investor Activity Strengthened to New Housing in WA: Investor finance activity in WA for the June quarter 2026 was 24.5% above the average for FY26 in relation to the purchase of newly erected dwellings.4 • Rental Market Strength: Apartment rents in Perth have increased by ~8.1% year-on-year, with gross rental yields reflecting 3.8%.2 26 References: 1 Australian Bureau of Statistics (June 2026), National, state andterritory population, ABS Website, Released 18/06/2026 2 Cotality 2026, Monthly Housing Chart Pack - August, https://www.cotality.com/au/resources/downloads/monthly-housing-chart-pack 3 Real EstateInstituteof Western Australia (REIWA) https://members.reiwa.com.au/s/cms-reiwanewsexpanded/perth-property-market-transitions-to-more-balanced- conditions-MCONP3XPOt4RAPNDS76WQJ6IVJFI, 5 August 2026 4 Australian Bureau of Statistics (August 2026), Lending indicators, ABS Website, Released 14/08/2026 27 Capital Cities by Value Segment – Quarterly change (3 months to July 2026) Cotality’s Monthly Housing Chart Pack August 2026 highlights that dwellings with the lowest 25% by value reflected a minor positive increase, and the middle 50% dwellings by value saw a marginal decrease in the Perth market. Continues to indicate affordability is a key driver in the Perth market. Cotality Monthly Housing Chart Pack February 2025 MARKET OUTLOOK Important Notice 28 Future performance and forward looking statements This announcement contains certain forward looking statements with respect to the financial condition, results of operations, projects and business of Finbar and certain plans and objectives of Finbar. Forward looking statements can generally be identified by the use of forward looking words such as 'expect', 'anticipate', 'likely', 'intend', 'propose', 'should', 'could', 'may', ‘will’, 'predict', 'plan', 'believe', 'forecast', 'estimate', 'target', ‘continue’, ‘objectives’, ‘outlook’, ‘guidance’ and other similar expressions. The forward looking statements, opinions and estimates contained in this announcement are based on Finbar’s intent, belief or current expectations, assumptions and contingencies which are subject to change without notice, as are any statements about market and industry trends, which are based on interpretations of current market conditions. They involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Finbar and its officers, employees, agents and associates, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Any forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Readers are cautioned not to place undue reliance on forward-looking statements. There can be no assurance that actual outcomes will not differ materially from these forward looking statements. A number of important factors could cause actual results or performance to differ materially from the forward looking statements. Investors should consider the forward looking statements contained in this announcement in light of those disclosures. Neither Finbar, nor any other person, gives any representation, warranty, assurance, nor will guarantee that the occurrence of the events expressed or implied in any forward looking statement will occur. To the maximum extent permitted by law, Finbar, the Group, other persons referred to in this announcement and each of their respective advisors, affiliates, related bodies corporate, directors, officers, partners, employees and agents disclaim any responsibility and undertake no obligation for the accuracy or completeness of any forward looking statements whether as a result of new information, future events or results or otherwise. Finbar disclaims any responsibility to update or revise any forward looking statements to reflect any change in Finbar’s financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based except as required by Australian law.