• Revenue of $281.7m, up 5.8% on FY24
• Pro Forma EBIT of $104.8m, up 10.1% on FY24
• Pro Forma Underlying NPAT of $90.0m, up 10.1% on FY24

GemLife Communities Group (ASX: GLF) today released its results for the full year ended 31 December 2025 (FY25). GemLife delivered a strong FY25 performance, exceeding its Prospectus forecasts and generating robust growth compared to FY24 across key financial metrics, supported by higher home sale prices and home build margins. Key financial highlights for FY25 include revenue of $281.7m (up 5.8% on FY24), Pro Forma EBIT of $104.8m (up 10.1% on FY24), and Pro Forma Underlying NPAT of $90.0m (up 10.1% on FY24). Statutory NPAT was down 13.4% on FY24 due to the impact of IPO costs, stamp duty, and additional interest prior to debt repayment post IPO. Gearing as at 31 December 2025 was 29.5%, within the target range of 25%-35%. In February 2026, GemLife refinanced its debt facility, extending maturity and lowering the cost of debt by 25bps. Key operational highlights include premium home sales lifting the average sale price by 18% to $833,000 (ex GST) and increasing average home build margins to $418,000 (ex GST), a 24% increase compared to the FY24 average. GemLife's fully vertically integrated business model enables the Group to manage every aspect of development, design, construction and ongoing community management, providing control and flexibility across site development and construction.

GemLife provides FY26 Underlying EPS guidance of 28.5 cents to 30.0 cents, representing growth of 20% to 27% above FY25 Underlying EPS of 23.7 cents.

As we enter FY26, our focus remains on disciplined execution and converting development momentum into sustained earnings growth. We are committed to delivering thoughtfully designed communities for our homeowners while generating long-term value for securityholders.