GMG Price sensitive 21 Aug 2025, 8:15 AM

Full Year Results Presentation

Goodman Group

Goodman Group Reports Strong FY25 Results

Key points

  • Operating profit of $2,311.2 million, up 13% on FY24
  • Operating earnings per security (OEPS) of 118.0 cents, up 9.8% on FY24
  • Significant progress on data centre strategy with 5 GW global power bank

Full summary

Goodman Group has reported a strong operating result for FY25, with an 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 FY24. The Group's financial highlights include a statutory profit of $1.7 billion and a 25% increase in Group NTA to $11.03 per security. Goodman has maintained high occupancy at 96.5% and a weighted average lease expiry (WALE) of 5.0 years. The Group's development work in progress (WIP) stands at $12.9 billion, with data centres comprising 57% of WIP. Goodman has also made significant progress on its data centre strategy, establishing new data centre partnerships in Continental Europe and Hong Kong, and expanding its global power bank to 5.0 GW, with 2.7 GW of secured power. The Group continues to provide a range of deployment options to its customers, from powered shell to fully fitted facilities with operational solutions. Goodman is well-positioned for long-term growth, supported by the significant data centre opportunities and the Group's financial capacity and flexibility.

Guidance

The Group is targeting full year OEPS growth of 9% in FY26. The target distribution for FY26 remains at 30.0 cents per security.

Outlook

Goodman has performed strongly in FY25 and is in a strong position heading into FY26. The Group sees attractive large-scale opportunities to continue to pursue its development-led and value-add strategy, particularly in the data centre sector.

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