Mirvac Group FY26 Results Presentation
Key points
- FY26 Statutory Profit: $677m, +100% YoY
- Residential gross margin: +9% YoY
- Assets under management: ~$10.5bn
- Investment portfolio: ~$27bn
- Development pipeline: ~$18bn
Full summary
Mirvac Group announced its FY26 results, highlighting a significant 100% year-on-year increase in statutory profit to $677 million. The company achieved a 9% growth in residential gross margin and expanded its assets under management to approximately $10.5 billion. The investment portfolio also grew to around $27 billion, and the development pipeline was valued at about $18 billion. Mirvac's strategic initiatives, including portfolio optimization and development completions, contributed to the robust financial performance.
Guidance
FY27 EPS growth guidance, targeting >10% improved development EBIT returns
Outlook
Mirvac is poised for continued growth with a focus on activating its restocked pipeline, deploying capital, and unlocking shareholder value.
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