GMG 31 December 2025 Half Year Results

• Operating profit of $1.2 billion, OEPS of 58.5 cents
• Secured significant new investments from capital partners to fund data centre and logistics projects
• Data centres now account for 73% of $14.4 billion work in progress, with 0.5 GW of power expected by FY26

Goodman Group (ASX:GMG) today released its results for the half year ended 31 December 2025, reporting an operating profit of $1,203.5 million and operating earnings per security (OEPS) of 58.5 cents. Statutory profit was $824.7 million. The Group executed a range of logistics and data centre opportunities to meet customer demand for essential infrastructure, securing significant new investments from capital partners to fund both the growing data centre work in progress and high quality logistics projects. Data centres now account for 73% of the $14.4 billion development work in progress, with the Group expecting to have greater than $14 billion of data centre projects in progress by 30 June 2026, on sites with secured power connections. Goodman's total portfolio increased to $87.4 billion, with valuations up $893 million and occupancy remaining high at 95.9%. The Group reiterated its target FY26 OEPS growth of 9%, noting that demand for digital infrastructure and logistics is expected to materially exceed supply over the foreseeable future, providing a significant opportunity for Goodman given its metropolitan sites, power bank, capital position and expertise.

The Group is targeting FY26 operating EPS growth of 9.0%.

Demand for digital infrastructure and logistics is expected to materially exceed supply over the foreseeable future, providing a significant opportunity for Goodman given its metropolitan sites, power bank, capital position and expertise. The Group is commencing data centre projects alongside customer negotiations, while enquiry and activity across several logistics markets is increasing and expected to translate into development activity over the next 12 months.