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Cedar Woods Properties Limited (ASX:CWP)

ALERT: Price-sensitive ASX Announcement for CWP
Current share price for CWP : $7.200 -0.76 (-9.55%)+
Announcement
Release
24 Feb 2026 8:11AM
Price at Release
$7.960
Full Release
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Summary
Cedar Woods Properties Limited reported a strong financial performance for the first half of FY26. The company achieved a 164% increase in net profit after tax compared to the previous year, driven by a significant increase in settlement volumes and improved pricing. Revenue rose by 40% to $274.8 million, and the company maintained a strong liquidity position with $44.1 million in operating cash flow and $170.4 million in undrawn facility headroom. Cedar Woods' diversified portfolio of 36 projects across four states, with a pipeline of over 9,000 lots, supports future earnings. Strong demand, particularly from first home buyers, is bolstered by favorable government incentives, leading to record sales and price growth in key markets such as Western Australia and Queensland. The company is guiding a full-year NPAT growth of 30% to 35% for FY26, expecting continued strong performance in the residential sector.
Key Points
  • 164% increase in net profit after tax for H1 FY26.
  • Revenue rose by 40% to $274.8 million.
  • Strong liquidity with $44.1 million operating cash flow and $170.4 million in undrawn facility headroom.
  • Diversified portfolio with 36 projects and over 9,000 lots.
  • Record sales and price growth in Western Australia and Queensland.
  • Strong demand supported by government incentives, particularly for first home buyers.
  • Guiding full-year NPAT growth of 30% to 35% for FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.