• Total new sales increased by 34% and resales increased 19% compared to Q1 2025
• Opened new village centres in Cambridge and Waikanae, and will open new buildings in Whangarei and Victoria, Australia in Q2
• Monitoring fuel price increases but not seeing impacts on sales or demand yet

Summerset Group reported 365 sales of occupation rights for the quarter ending 31 March 2026, comprising 177 new sales and 188 resales. This represents a 34% increase in new sales and a 19% increase in resales compared to Q1 2025. Summerset Chief Executive Scott Scoullar said the increase in quarterly sales reflected continued demand across the company's villages. In the first quarter, Summerset opened the village centre buildings at its Cambridge and Waikanae villages and will open the new buildings at Summerset Mt Denby in Whangarei and Summerset Cranbourne North in Victoria, Australia in Q2. The company remains on track to build a further 650-700 homes across New Zealand and 100-150 in Australia in 2026. Regarding fuel price increases, Mr Scoullar said Summerset has been monitoring the situation closely and is not seeing any impacts on its sales or demand at this time. The company has a strong procurement programme and is not seeing material price impacts on construction costs. Summerset has plans in place for several scenarios and will remain adaptable to how the situation evolves.

Summerset remains on track to build a further 650-700 homes across New Zealand and 100-150 in Australia in 2026.

Summerset is monitoring the fuel price situation closely and has plans in place for several scenarios, remaining adaptable to how the situation evolves.