Key points
- FY26 Total Income: $212.2m, up 380.1% from FY25
- FY26 Net Profit After Tax: $7.7m, up 541.7% from FY25
- Successful Sale of Laverton Site: $37.8m profit before tax
- Discontinued Liverpool Rezoning: Recognized $13m impairment, offset by cash inflows
- Strong Pipeline: Potential for over 14,000 residential lots and 2,400 apartments
Full summary
CVC Ltd presented its FY26 results, highlighting a significant increase in total income to $212.2 million, up 380.1% from the previous year. Net profit after tax rose to $7.7 million, a 541.7% increase. Key highlights include the successful sale of the Laverton site for a $37.8 million profit before tax, and the discontinuation of the Liverpool rezoning, which resulted in a $13 million impairment but was offset by cash inflows. The company also secured a conditional sale of a 19ha super lot at Donnybrook, expected to settle in FY28, providing material profit and significant cash flows. CVC's portfolio is strategically positioned in growth corridors, with potential for large-scale developments in logistics, digital infrastructure, and residential sectors.
Guidance
FY26 Total Income: $212.2m, Net Profit After Tax: $7.7m
Outlook
CVC aims to maximize shareholder value through active management, enhance property asset value, and efficiently recycle capital. The company plans to focus on planning approvals, development approvals, and yield optimization for FY27.