Key points
- FY26 Net Profit After Tax: $65.6m, up 36% YoY
- Total Revenue: $502.4m, up 8% YoY
- Strong balance sheet with low gearing
- Presales contracts of $830m at 30 June 2026
- Targeting FY27 NPAT growth of 15% YoY
Full summary
Cedar Woods Properties Ltd reported strong financial results for FY26, with a Net Profit After Tax of $65.6 million, up 36% year-on-year. Total revenue increased by 8% to $502.4 million. The company's balance sheet remains robust, with low gearing and ample liquidity. Cedar Woods has a diverse portfolio of 36 projects across four states, with a pipeline of over 9,600 lots/units to support future earnings. The company anticipates a slowdown in market conditions for much of FY27 but expects buyer confidence to return as interest rates peak or begin to reduce. Cedar Woods is targeting full-year FY27 Net Profit After Tax growth of 15% on FY26.
Guidance
FY27 Net Profit After Tax growth of 15% on FY26
Outlook
Structural housing shortage to support the new housing sector. Interest rates forecast to fall in 2027, improving affordability, sentiment, and sales volumes. Targeting full-year FY27 NPAT growth of 15%.