Appendix 4E and 2025 Annual Report

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Stock Scentre Group (SCG.ASX)
Release Time 24 Feb 2026, 8:51 a.m.
Price Sensitive Yes
 Scentre Group Releases 2025 Annual Report
Key Points
  • Strong financial and operational performance in 2025
  • Focused on growing economic activity at Westfield destinations
  • Exceeded interim net zero emissions target for wholly-owned sites
Full Summary

Scentre Group has delivered strong financial and operational performance in 2025, with Funds From Operations of $1,188 million (22.82 cents per security), up 4.9% on the previous year. Distributions for the period were $923 million (17.72 cents per security), up 3.4%. The Group welcomed 540 million customer visits, an increase of 14 million or 2.7% compared to 2024, and its business partners achieved a record $30 billion of sales during 2025. Portfolio occupancy increased to 99.8% at 31 December 2025, representing the highest level since 2013. The Group continued to strengthen engagement with its Westfield members, with membership growing by 11% to 5 million during 2025. Scentre Group also made progress on its strategic priorities, including repurposing existing space to enhance the customer experience and productivity of its Westfield destinations, and introducing approximately $2.2 billion of new capital through the joint venturing of assets. The Group's focus on sustainability is also evident, with the company exceeding its interim target of a 50% reduction in scope 1 and 2 emissions by 2025, achieving a 57% reduction across wholly-owned Westfield destinations since 2014.

Outlook

Scentre Group's strategy to grow the economic activity at its Westfield destinations by attracting more people, broadening the businesses that partner with it, and better utilizing its substantial land holdings, is expected to continue to deliver sustainable long-term growth in earnings and distributions.