FY2025 Overview and Operational Update
| Stock | Finbar Group Ltd (FRI.ASX) |
|---|---|
| Release Time | 21 Aug 2025, 8:01 a.m. |
| Price Sensitive | Yes |
Finbar Delivers FY2025 Results and Operational Update
- NPAT of $14.38 million, Underlying NPAT of $16.17 million
- Revenue of $284.47 million, up 46% year-over-year
- Significant $1 billion 5-year development pipeline with 1,300+ new units
Finbar Group Limited, listed on the ASX since 1995, has established a remarkable 30-year track record as Western Australia's leading apartment property developer. The company has successfully completed 79 residential and mixed-use developments to date, comprising a total of 7,407 apartment and commercial units across the state. Finbar's FY2025 results highlight an NPAT of $14.38 million (down 12% year-over-year) and an Underlying NPAT of $16.17 million (up 16% year-over-year). Revenue for the year was $284.47 million, up 46% compared to the prior year. The company also announced a fully franked final dividend of 2 cents per share. Finbar's operational highlights include total settlements of $352 million (351 lots) and total off-the-plan sales of $93 million (119 lots) in FY2025. The company has a significant five-year development pipeline valued at over $1 billion, with 1,300+ new units and ancillary commercial space. Key upcoming projects include the completion of Garden Towers and Bel-Air Apartments in CY2026, as well as the launch of Riverbank Residences and Palmyra West. Finbar's market outlook remains positive, with strong underlying Perth migration, chronic housing undersupply, and supportive policy settings driving continued sales momentum. The company's consistent results and significant project pipeline reinforce its status as a premier developer and a cornerstone of Western Australia's property development industry.
Finbar reported an NPAT of $14.38 million and an Underlying NPAT of $16.17 million for the financial year ended 30 June 2025.
Finbar remains well-positioned with a solid balance sheet and a five-year development pipeline valued at over $1 billion, providing a strong foundation for sustained growth. The company's positive market outlook is driven by strong underlying Perth migration, chronic housing undersupply, and supportive policy settings.