• Revenue1 of $512 million, up 8% on FY24
• EBIT2 of $164.1 million, up 22% on FY24
• Underlying EPS2 of 30.9 cents exceeded guidance - up 33% on FY24

Ingenia Communities Group (ASX: INA) today announced underlying profit of $126.1 million, up 33% on the prior year, with development activity accelerating in line with growth targets. Statutory profit of $128.4 million for the year ending 30 June 2025 was up 816% on the prior year (FY24 impacted by the write-down of goodwill). Group revenue1 was up 8% to $512 million, and EBIT2 was up 22% to $164.1 million (towards the top of the guidance range of $162 - $165 million). Operating cash flow of $145.2 million was up over 75% on FY24, with key contributions including an increase in the proceeds from the sale of land lease homes, $5.7 million in performance and disposal fees in relation to the exit of the Funds business and a reduction in inventory spend. The Group achieved 520 new home settlements across Ingenia and the Joint Venture in FY25, up 13% on FY243. Ingenia's average home sales price of $671,000 (inclusive of GST), was up 11% on FY24 together with improved gross margin. Ingenia's Lifestyle Rental portfolio benefitted from CPI linked rental increases, market rent reviews and growth in the rent base, delivering full year EBIT of $46.2 million. The Group's Holidays EBIT was up 2% on the prior year to $57.8 million. Underlying EPS2 of 30.9 cents exceeded upgraded guidance (of 29.0 cents to 30.0 cents). A final distribution of 4.4 cents per stapled security has been declared and is expected to be paid on 18 September 2025. The full year distribution of 9.6 cps was down 15% (FY24: 11.3 cps), in line with trust taxable income. The prior year distribution included a capital gain associated with the sale of seven assets in 1H24.

Subject to no material change in the operating environment, the Group is targeting EPS of 32.5 cents to 34.0 cents for FY26 and EBIT of $180.5 million to $188.7 million (10% to 15% growth on FY25).

Ingenia is well placed to deliver the strategy outlined in August 2024 with the achievement of Year 1 goals demonstrating the ability to deliver enhanced financial returns. The progress and execution on strategy has been rapid, building further confidence in the 3- and 5-Year Plan and the ability to scale the business. FY26 will see an ongoing focus on execution and improving financial outcomes in line with medium-term goals.