FRI.ASX: Bel-Air Complete/Titles Issued/FY26 Profit Guidance Restated

Bel-Air Complete/Titles Issued/FY26 Profit Guidance Restated

Stock	Finbar Group Ltd (FRI.ASX)
Release Time	15 Jun 2026, 6:17 p.m.
Price Sensitive	Yes

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Bel-Air Apartments Completed and Titles Issued

Key Points

Bel-Air Apartments project completed and titles issued
193 residential units and commercial tenancies sold
FY26 profit guidance reaffirmed at $18-22 million

Full Summary

Finbar Group Ltd (ASX: FRI) announced the completion of its wholly-owned Bel-Air Apartments project in Belmont, Perth. The project comprises 194 residential units and two commercial tenancies. Sales reached $113.4 million, with 193 units and both commercial tenancies sold. The project's completion and title issuance mark a significant milestone. Settlements are expected to commence by the end of June 2026. The company reaffirms its FY26 profit guidance of $18-22 million, with settlements potentially occurring in both FY26 and FY27.

Guidance

FY26 net profit after tax guidance: $18-22 million

Outlook

Finbar Group Ltd expects settlements of Bel-Air Apartments to potentially occur in both FY26 and FY27. The company will update the market if settlement recognition differs materially from expectations.