Transformational Acquisition & $80.2m Equity Raising

• Eureka to acquire 953 sites from Ingenia Communities for $123.8m
• Acquisition increases Eureka's portfolio to 70 villages and raises AUM by 23%
• Fully underwritten $80.2m equity raising to partially fund the acquisition
• FY27 underlying EPS guidance upgraded to at least 4.2 cps

Eureka Group Holdings Limited has announced the acquisition of the NSW Living Portfolio from Ingenia Communities Group for $123.8 million, consisting of six lifestyle and mixed-use communities across New South Wales. This acquisition will increase Eureka's portfolio to 70 villages, with 5,492 homes/sites under management and AUM of $666 million. The acquisition is expected to provide recurring income and underpin material earnings accretion. To partially fund the acquisition, Eureka will undertake a fully underwritten equity raising of $80.2 million, comprising a 1 for 3.29 accelerated non-renounceable entitlement offer. Additionally, Eureka has secured $80.0 million in new committed debt facilities from Westpac and National Australia Bank. The acquisition is expected to be accretive to earnings, with FY27 underlying EPS guidance upgraded to at least 4.2 cps, representing 22% growth on FY26.

FY27 underlying EPS guidance upgraded to at least 4.2 cps, 22% growth on FY26

The acquisition is expected to provide recurring income and underpin material earnings accretion, with a forecast five-year unlevered IRR of 15%.