• Finbar Group Limited, a leading apartment property developer in Western Australia, held its Annual General Meeting
• Shareholders approved key resolutions including the adoption of the Remuneration Report and re-election of directors
• The company provided an operational update highlighting its strong FY2025 performance and robust development pipeline

Finbar Group Limited, a leading apartment property developer in Western Australia, held its Annual General Meeting on 15 October 2025. The meeting saw shareholders approve key resolutions, including the adoption of the Remuneration Report and the re-election of directors Mr Terence Peh and Mr Eldon Wan. The company provided an operational update highlighting its strong FY2025 performance, with record sales of $334 million and an average sales price of $911,000 per unit, 32% above the 2018-2024 average. Finbar also outlined its robust $1.2+ billion five-year development pipeline, focused on delivering mid-market apartments to address Western Australia's housing supply shortage. The company's strategic priorities include securing prime development sites, optimising efficiency and capital management, and converting strong market demand into sustainable returns for shareholders. Finbar's market outlook cites favourable demand drivers, such as strong population growth, a tight rental market, and rising urban living needs, combined with supply constraints due to the highly inelastic apartment market and limited new stock. The company is well-positioned to capture this demand, leveraging its competitive advantages, including its strategic partnership with builder Hanssen Pty Ltd, a robust pre-sales pipeline, and a strengthened executive team driving the next phase of growth.

Finbar reported record FY2025 sales of $334 million to date, with an average sales price of $911,000 per unit, 32% above the 2018-2024 average. The company has a $1.2+ billion five-year development pipeline to be delivered.

Finbar is well-positioned for growth by focusing on its core apartment delivery business, leveraging cost-efficient construction through its partnership with Hanssen, and unlocking value from its robust $1.2+ billion development pipeline. The company is poised to capture strong housing demand in Western Australia, underpinned by favorable market conditions and supply constraints, while maintaining a strong balance sheet and delivering sustainable long-term shareholder returns.