Ingenia Communities Group reports H1 FY26 results
Key points
- Underlying profit of $62.1 million, down 10% on prior period
- Statutory profit of $97.4 million, up 11% on prior period
- 248 new homes settled across Ingenia and the JV
Full summary
Ingenia Communities Group reported its H1 FY26 results, with revenue remaining stable at $257.3 million. Underlying profit decreased 10% to $62.1 million, impacted by lower new home settlement volumes, higher finance costs and increased income tax expense. Statutory profit increased 11% to $97.4 million, reflecting fair value gains on investment properties. The group settled 248 new homes across Ingenia and its joint venture, with a strong development pipeline of 4,946 potential new home sites. Ingenia Lifestyle Rental EBIT increased 6% to $25.7 million, driven by growth in permanent rental income. The group continues to focus on accelerating land lease development, enhancing performance of existing communities, and improving resident and guest experience.
Guidance
The group expects to deliver a strong second half performance, with a focus on accelerating land lease development, enhancing operating efficiency, and maintaining a robust development pipeline to support future growth.
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