FY26 Full Year Results Announcement
Summary
→ NPAT of $20.3 million (pcp $14.4 million, up 40.9%), within FY26 guidance of $18 million to $22 million
→ Underlying1 NPAT of $22.1 million (pcp $16.2 million, up 36.5%)
→ Revenue of $204.3 million (pcp $284.5 million, down 28.2%) reflecting timing of project completions
→ Record pre-sales of $567.2 million at 30 June 2026; average monthly off-the-plan sales of $29.1 million across 35 lots
→ Fully franked final dividend of 3 cps, bringing total FY26 dividends to 5.5 cps
→ Strong cash position of $50.7 million at 30 June 2026 and a $36.4 million net debt reduction in FY26
→ Bel-Air completed; Garden Towers, Riverbank Residences and Palmyra West Apartments under construction; Romeo launched.
→ Positive outlook progressing five-year development pipeline of $1.8 billion in estimated end value
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