InvestSMART

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
download
Summary
Finbar Group Limited, a leading apartment developer in Western Australia, announced a strong financial performance for FY26, ending 30 June 2026, with a net profit after tax (NPAT) of $20.3 million, marking the company's best profit since FY15. The NPAT showed a significant increase of 40.9% from the previous year and was within the company's guidance range. The underlying NPAT, excluding property valuation movements, was $22.1 million, up 36.5%. Revenue was reported at $204.3 million, reflecting the timing of project completions, with record pre-sales reaching $567.2 million. The company declared a fully franked final dividend of 3 cents per share, bringing the total FY26 dividends to 5.5 cents per share. Finbar's cash position was strong at $50.7 million by the end of the fiscal year, with a net debt reduction of $36.4 million. Significant progress was made on their five-year development pipeline valued at approximately $1.8 billion, with several key projects under construction and new project launches.
Key Points
  • Finbar Group reported its strongest profit since FY15.
  • Net Profit After Tax (NPAT) was $20.3 million, a 40.9% increase from the previous year.
  • Revenue was $204.3 million, a decrease reflecting project completion timing.
  • Record pre-sales reached $567.2 million as of 30 June 2026.
  • A fully franked final dividend of 3 cents per share was declared.
  • A strong cash position of $50.7 million and a net debt reduction of $36.4 million were achieved.
  • Progressed a five-year development pipeline with an estimated end value of $1.8 billion.
  • Key projects include Garden Towers, Riverbank Residences, and Palmyra West Apartments.
  • The company's strategy focuses on affordable, mid-tier apartments.
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.