• Expect to deliver FY26 result at top of guidance range
• Solid demand across new projects with 440 deposits and contracts
• Continued investment in land lease projects - eight new projects FY26

Ingenia Communities Group reported a solid 1H26 result, with EBIT of $85 million down 1% on 1H25. The company expects to deliver the FY26 result at the top of its guidance range, driven by strong demand across new projects and continued investment in land lease communities. The group settled 248 new land lease homes in 1H26, with stable average home sales prices and gross margins. Contribution from the group's Joint Venture increased, representing 29% of total settlements. Cost pressures continued, with increases in council rates, energy and employment costs, as well as higher volume-related expenses to support the significant increase in Tourism revenue and expansion of the land lease portfolio. Gearing remained within the target range at 31.1%, with $88 million invested in growth through acquisitions, development and densification. The group's diverse revenue streams, including annuity-style and recurring revenue, continue to support its performance, with land lease communities now accounting for over 60% of portfolio EBIT. The group's development pipeline remains strong, with eight new projects commencing in FY26 and a further five projects starting in 2H26. The group is focused on delivering targeted development returns, embedding integrated design, procurement and marketing to drive productivity and returns, and launching new projects to position for medium-term scale and enhanced returns.

Expect to deliver FY26 result at top of guidance range, with EBIT of $85 million (down 1% on 1H25) and underlying EPS of 15.2 cents (down 10% on 1H25).

The group is well placed to deliver FY26 guidance, with strong demand across new projects and continued investment in land lease communities. The group expects gains to accelerate as new and higher return projects contribute, and is implementing procurement and efficiency measures to deliver enhanced returns.