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Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.790 0.105 (15.33%)+
Announcement
Release
20 Aug 2026 7:57AM
Price at Release
$0.685
Full Release
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Summary
Finbar Group Limited, a leading apartment property developer in Western Australia, reported a strong performance in its FY26 full-year results. The company achieved a record $528.8 million in sales value, a 124% increase from the previous year, with an average of 1.4 sales per day. Net Profit After Tax (NPAT) grew by 41% to $20.3 million, driven by successful project completions and effective cash management. The company reduced its total assets by 17% due to asset sales while increasing cash reserves by 39%. Finbar's development pipeline is valued at $1.8 billion, with several major projects under construction or in planning, supported by a strong market outlook in Perth where apartment values are rising faster than houses.
Key Points
  • Record sales value of $528.8 million in FY26, up 124% from FY25.
  • Net Profit After Tax increased by 41% to $20.3 million.
  • Cash reserves rose by 39% due to successful stock sell-downs.
  • Total assets decreased by 17% mainly due to asset sales.
  • Development pipeline valued at $1.8 billion.
  • Strong market performance in Perth with rising apartment values.
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.