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Lifestyle Communities Limited (ASX:LIC)

ALERT: Price-sensitive ASX Announcement for LIC
Current share price for LIC : $5.390 0.78 (16.92%)+
Announcement
Release
14 Apr 2026 2:06PM
Price at Release
$4.610
Full Release
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Summary
Lifestyle Communities Limited (ASX: LIC) has reported its Q3 FY26 trading results, showing moderated new home sales momentum due to broader economic uncertainty affecting consumer confidence. Despite this, the company experienced a 68% increase in net sales of new homes over the nine months ending 31 March 2026, compared to the same period in the previous year. The company has made strategic initiatives to manage inventory and reduce net debt, which stood at $296.4 million at the end of March 2026. The sales and settlement pipeline as of 31 March 2026 includes 190 new home settlements and 203 contracts on hand, with a portion set for settlement in FY26 and the remainder in FY27 and beyond. Lifestyle Communities remains optimistic about the long-term demand for downsizer housing despite current market caution.
Key Points
  • Q3 FY26 new home sales momentum moderated due to economic uncertainty.
  • 68% increase in net sales of new homes in the nine months ending 31 March 2026.
  • Inventory reduction and net debt decreased to $296.4 million.
  • 203 contracts on hand with settlements planned for FY26 and FY27.
  • Confidence in long-term demand for downsizer housing.
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.