InvestSMART

Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.695 -0.005 (-0.71%)+
Announcement
Release
15 Jun 2026 6:17PM
Price at Release
$0.700
Full Release
download
Summary
Finbar Group Limited, a leading apartment developer in Western Australia, has announced the completion of its Bel-Air Apartments project, located in Belmont, Perth. The project, valued at $114 million, has seen individual strata titles issued for its 194 apartments and two commercial tenancies. With 193 residential units sold, the sales total $113.4 million. Settlements are expected to begin by the end of June 2026, with potential financial recognition extending into FY27. The company reaffirms its FY26 profit guidance between $18 million and $22 million.
Key Points
  • Bel-Air Apartments project completed with individual strata titles issued.
  • Settlements anticipated to commence end-June 2026.
  • Project valued at $114 million and is wholly-owned by Finbar.
  • 193 of 194 residential units sold, generating $113.4 million in sales.
  • FY26 profit guidance reaffirmed at $18-22 million.
  • Potential settlement recognition in both FY26 and FY27.
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.