• Operating profit up 13% to $2,311.2 million
• Operating EPS growth of 9.8% to 118.0 cents
• Total portfolio value of $85.6 billion, up 9% on FY24

Goodman Group (Goodman or Group) today released its results for the full year ended 30 June 2025. The Group delivered operating profit of $2,311.2 million, up 13% on FY24, and operating earnings per security (OEPS) of 118.0 cents, up 9.8% on the same period last year. Statutory profit was $1,666.4 million. The Group is targeting FY26 OEPS growth of 9%. Key highlights include a total portfolio of $85.6 billion, up 9% on FY24, with revaluation gains of $1.6 billion across the Group and Partnerships ($0.3 billion for the Group's share). Portfolio occupancy was 96.5% and like-for-like net property income growth was 4.3%. The estimated end value of the Group's development work in progress is $12.9 billion, across 57 projects, with a forecast yield on cost of 7.5%. Data centres now account for 57% of the development work in progress, with the global power bank reaching 5.0 GW across 13 major global cities. Goodman has maintained low leverage, with gearing at 4.3% (17.3% on a look-through basis) and an interest cover ratio of 47.6x (look-through 11.9x). The Group has $6.6 billion in cash and available lines of credit, and substantial hedging in place. Management earnings were up 7.9% on FY24 to $837.4 million, driven by the quality of the Group's assets and the continued strong performance of its capital partnering platform.

Goodman is targeting operating EPS growth of 9% for FY26, which equates to over $2.6 billion of operating profit.

Goodman is well positioned to capitalise on the opportunities presented by technology disruption, whether it's delivering more sophisticated logistics facilities or building low-latency data centres. The Group expects to have 0.5 GW of data centre projects in key global cities underway by June 2026, and is expanding its Partnerships to co-fund the development program alongside the Group.