Key points
- Net profit after tax increased significantly to $2.2 million
- Special dividend of 5 cents per share declared
- Total income rose by 380.1% to $212.2 million
- Impairment on Liverpool project resulted in $13 million loss
- Cash position strengthened to $87.7 million
Full summary
CVC Ltd announced its preliminary final report for the year ended 30 June 2026, recording a net profit after tax of $2.2 million, a significant increase from $0.5 million in the previous year. The company's total income rose to $212.2 million, up by 380.1% compared to $44.2 million in FY25. The underlying net profit after tax (NPAT) also increased to $7.7 million, up from $1.2 million. CVC paid a fully franked special dividend of 5 cents per share, reflecting the profit realized on the sale of its Laverton North property. However, the company faced challenges with its Liverpool project, which was impaired by $13 million due to changes in its planning pathway. Despite this, CVC's cash position strengthened significantly to $87.7 million.
Guidance
Net profit after tax $2.2 million, Total income $212.2 million, Special dividend 5 cents per share
Outlook
CVC remains confident in the underlying quality of its portfolio and expects most projects to become liquid over the next three to four years. The company will focus on progressing its projects while maintaining capital discipline.