Cedar Woods Properties Limited (ASX:CWP)

Cedar Woods Properties Limited reported a record net profit after tax (NPAT) of $65.6 million for the financial year 2026, marking a 36% increase from the previous year. The company's revenue increased to $502.4 million, supported by higher lot settlement prices. Gross margin improved to approximately 30%, reflecting price growth and cost control. Earnings per share rose 33% to 77.9 cents. Cedar Woods declared a fully franked final dividend of 25.0 cents per share, up from 19.0 cents in the previous year, resulting in total dividends of 39.0 cents per share, a 34% increase. The company achieved record presales of $830 million, providing more than 90% of forecast FY27 revenue. With a strong balance sheet and available liquidity of over $120 million, Cedar Woods targets a 15% NPAT growth for FY27. Despite a moderate fourth-quarter sales environment due to interest rate rises and market conditions, the company remains confident in underlying demand and plans to increase partnered projects.