InvestSMART

Lifestyle Communities Limited (ASX:LIC)

ALERT: Price-sensitive ASX Announcement for LIC
Current share price for LIC : $5.020 0.14 (2.87%)+
Announcement
Release
18 Jun 2026 2:42PM
Price at Release
$4.880
Full Release
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Summary
Lifestyle Communities Limited (ASX: LIC) reported a strong trading performance for FY26, with a notable increase in sales momentum. The company achieved 56 new home sales in Q4 FY26, a 30.2% increase from Q3, contributing to a total of 209 new home sales year-to-date for FY26, a 50.4% improvement from the previous year. Established home sales also saw an increase of 46.6% year-to-date compared to FY25. LIC has strategically managed pricing and inventory, resulting in a 53.2% reduction in unsold homes and a significant reduction in net debt by $182.8 million as of May 2026. Despite a cautious economic environment, demand has remained resilient, supported by the company's pricing strategy and brand campaign. Development margins are expected to moderate due to price adjustments, aiming to enhance sales velocity and strengthen the balance sheet.
Key Points
  • 56 new home sales in Q4 FY26, up from 43 in Q3 FY26.
  • 50.4% improvement in new home sales for FY26 year-to-date compared to FY25.
  • 46.6% increase in established home sales year-to-date compared to FY25.
  • Inventory of unsold homes reduced by 53.2% as of May 2026.
  • Net debt reduced by $182.8 million as of May 2026.
  • Development margins expected to moderate to 8.5%-9.5%.
  • Demand remains resilient despite a cautious economic environment.
  • Price strategy targets 80%-90% of catchment median 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.