• Strong operational and financial results for 9 months to 31 March 2026
• On track to achieve earnings guidance for FY26 and FY27
• Continued growth across residential, lifestyle and short-stay accommodation

Aspen Group (ASX: APZ) is pleased to report strong operational and financial results for the 9 month period to 31 March 2026 and that it is well on track to achieve earnings guidance for FY26 and FY27. Key highlights include a 20% increase in net rental income to $31.4 million, a 153% increase in realised development profit to $19.0 million, and a 105% increase in settlements to 142. The company's long-term accommodation remains essentially full, with residential rents increasing by around 5% per annum on average. The conversion of transportables at Australind from motel rooms to fully self-contained 2-bedroom houses is progressing well, with leasing expected to commence in May. Results across the Parks portfolio are mixed, with strong performance in Darwin and Karratha offset by some disruption from refurbishment work in other parks. Aspen's balance sheet is well positioned with low gearing of 18% and strong interest cover. The company remains confident in meeting FY26 and FY27 guidance and expects continued strong growth across the business over the medium and long term.

FY26 guidance: Net Rental Income $41.0 million, Realised Development Profit $21.5 million, Pre Tax EPS 21.5 cents

Aspen remains well on track to meet FY26 and FY27 guidance and expects continued strong growth across the business over the medium and long term.