Lendlease Group Reports FY26 Results
Key points
- IDC earnings at top of guidance with Construction leading
- Group result impacted by CRU costs and non-cash impairments
- New CEO Nick O'Neil to commence on 24 August 2026
- FY26 statutory loss after tax of $(749)m
- Strong liquidity of $4.0b
Full summary
Lendlease Group announced its full-year results for the year ended 30 June 2026. The company reported earnings from Investments, Development and Construction (IDC) operations at the top of guidance, driven by strong operational performance in Construction. However, the group result was impacted by costs and non-cash impairments and provisions associated with the Capital Release Unit (CRU), resulting in a statutory loss after tax of $(749) million. The group's focus remains on strengthening the balance sheet, driving growth, and improving operational performance. New Group Chief Executive Officer, Nick O'Neil, will commence in his role on 24 August 2026, to take Lendlease's strategy forward.
Guidance
IDC earnings guidance of 37-41 cents per security for FY27
Outlook
FY27 is anticipated to be a stronger year for IDC earnings, supported by pre-sold apartment revenues in Development and continued growth in Construction. Investments segment earnings are expected to be impacted by lower co-investment income and lower funds management income.
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