Simonds Group Ltd FY26 Preliminary Results
Key points
- NPAT increased 950% to $10.5 million
- Revenue up 9.5% to $729.1 million
- EBITDA rose 76.8% to $42.5 million
- Strong liquidity at $39.1 million
- Expansion into Western Australia
Full summary
Simonds Group Ltd announced its FY26 results, showcasing a significant increase in Net Profit After Tax (NPAT) of $10.5 million, a 950% rise from FY25. The company's revenue also grew by 9.5% to $729.1 million, driven by increased site starts, full-year contributions from Dennis Family Homes, and improved sales conversion rates. EBITDA rose by 76.8% to $42.5 million, reflecting successful cost management and strategic initiatives. The company maintained a strong liquidity position of $39.1 million, with $16.5 million in cash and $22.6 million in undrawn banking facilities. The integration of Dennis Family Homes contributed significantly to the performance, and the establishment of a joint venture in Western Australia marks the company's expansion into new markets.
Guidance
NPAT expected to remain strong, revenue growth to continue, EBITDA to improve further
Outlook
Simonds Group is well-positioned to capitalize on emerging opportunities with a diversified multi-channel model, expanded brand portfolio, and continued focus on operational discipline.
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