Appendix 4D Half Year Accounts

• Operating profit down 1.5% to $1,203.5M
• Statutory profit up 3.1% to $824.7M
• Interim distribution maintained at 15.0 cents per security

Goodman Group has reported its results for the first half of fiscal year 2026. The company's operating profit was $1,203.5 million, a decrease of 1.5% compared to the prior corresponding period. This equated to an operating earnings per security of 58.5 cents, down 8.3% on the prior corresponding period. Goodman's statutory result for the half year was a profit of $824.7 million, up 3.1% from the prior corresponding period. The variance in operating profit compared to the prior period reflects the timing impact of a stronger-than-usual first-half performance in the prior year. The Group has continued to invest in its property portfolio, which has maintained high occupancy at 95.9% and reported 4.2% like-for-like rental income growth. Development activity remains strong, with development work in progress increasing to $14.4 billion. The Group's total portfolio, including directly owned properties and properties owned by Partnerships, increased to $87.4 billion at 31 December 2025. Goodman has maintained a strong balance sheet, with net tangible assets of $22.9 billion and gearing of 4.1%. The company has also maintained its interim distribution at 15.0 cents per security, which will be paid on 25 February 2026.

Goodman Group has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.