• Operating profit up 7% to $508m, 12.9 cents per stapled security
• Distribution increased 6% to $376m, 9.5 cents per stapled security
• Strong development performance with 2,130 residential lot settlements
• High occupancy rate of 98% and valuation growth of 3.1%
• Balance sheet strengthened with low gearing at 24.1%

Mirvac Group (Mirvac) announced its full-year results for the financial year ended 30 June 2026, highlighting a 7% increase in operating profit to $508 million and a 6% rise in distribution to $376 million. The company achieved 2,130 residential lot settlements, up 15% from the previous year, with residential gross margins above target at 24%. Mirvac's investment portfolio demonstrated high occupancy of 98% and valuation growth of 3.1%. The company's balance sheet remained strong with a low gearing of 24.1%, supported by $500 million in asset sales and $2 billion in capital partnering initiatives. Mirvac also announced an on-market share buy-back of up to $200 million, reflecting confidence in the business's value.

FY27 operating earnings per stapled security: 13.2 to 13.4 cents, distribution per stapled security: 9.9 cents

Mirvac anticipates achieving between 2,800 to 3,100 residential lot settlements in FY27, with a visible pathway to sustained earnings and NTA growth.