• Revenue up 20% to $27.0 million
• Underlying EBITDA up 11% to $9.1 million
• Assets under management increased 17% to $454 million

Eureka Group Holdings Limited (ASX: EGH) announced its results for the half-year ended 31 December 2025 (1H26), delivering Underlying EBITDA of $9.1 million, an increase of 11% on the prior period. The result reflects resilient seniors' portfolio performance and contributions from all-age acquisitions and developments. Underlying EBITDA margin was 33.6% (1H25: 36.2%), reflecting a deliberate mix shift toward the faster-scaling all-age segment and the integration/lease-up of newly acquired communities, which temporarily diluted margins. Underlying earnings per share was 1.44 cents (31 December 2024: 1.57 cents), which was lower due to the full-period impact of shares issued from the November 24 equity raise, timing of deployment (part-period earnings) of the funds raised, plus higher non-cash share-based employee remuneration costs. Statutory net profit after tax of $5.2 million was down 18% on the prior period, primarily impacted by charges relating to acquisition transaction costs on recently acquired investment properties and a GST adjustment arising from an ATO review during the period. Operational and strategic progress in 1H26 included scaling the all-age rentals segment, investing $60.3 million across acquisitions, development activity and capital expenditure, progressing the development pipeline, maintaining balance sheet discipline, and exploring capital partnership options.

Eureka reaffirms FY26 guidance for growth in Underlying EPS of 7.5% to 10% (3.37 to 3.44 cents per share) and growth in Underlying EBITDA of 20% to 25% ($20.2 million to $21.1 million).