Finbar Group Ltd FY26 Full Year Results Presentation
Key points
- FY26 revenue of $204.3m, a 28% decrease from FY25
- Gross profit margin increased to 20.2% from 12.1%
- Net Profit After Tax (NPAT) of $20.3m, a 41% increase
- Completed 80 projects with 7,603 units
- Strong liquidity with cash reserves at $50.7m
Full summary
Finbar Group Ltd, a leading apartment developer in Western Australia, reported its FY26 financial results. Revenue decreased by 28% to $204.3 million, while the gross profit margin improved to 20.2% from 12.1% in the prior year. Net Profit After Tax (NPAT) increased significantly by 41% to $20.3 million. The company completed 80 projects comprising 7,603 units. Key highlights include the successful completion of the Bel-Air project and the sell-down of completed stock, contributing to the revenue. The company's liquidity remains strong with cash reserves at $50.7 million.
Outlook
The company anticipates continued growth driven by a strong pipeline of projects and supportive market conditions, including strong migration and housing demand in Western Australia.
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