Full Year Announcement and Results Presentation
| Stock | Scentre Group (SCG.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 8:52 a.m. |
| Price Sensitive | Yes |
Scentre Group Delivers 4.9% Growth in Funds From Operations
- Funds From Operations (FFO) of $1,188 million, up 4.9% on the previous year
- Distributions of $923 million, up 3.4% on the previous year
- 540 million customer visits, an increase of 2.7% compared to 2024
Scentre Group (ASX: SCG) has released its results for the 12 months to 31 December 2025, reporting Funds From Operations (FFO) 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%. Statutory Profit for the period was $1,779 million. The company's strategy to grow the economic activity at its 42 Westfield destinations across Australia and New Zealand continues to deliver strong operating performance and earnings growth. During 2025, the Group welcomed 540 million customer visits, an increase of 14 million or 2.7% compared to 2024. Business partners achieved a record $30.0 billion of sales, up $1.0 billion or 3.6% on 2024. Portfolio occupancy increased to 99.8% at 31 December 2025, representing the Group's highest level of occupancy since 2013. The Group continues to repurpose existing space, with several redevelopment projects completed during the year. The company also introduced approximately $2.2 billion of new capital through joint venturing of its assets and completed various refinancing activities.
Subject to no material change in conditions, the Group's target for FFO is at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year. Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security.
The 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.