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Lifestyle Communities Limited (ASX:LIC)

ALERT: Price-sensitive ASX Announcement for LIC
Current share price for LIC : $4.420 -0.92 (-17.23%)+
Announcement
Release
21 Aug 2026 8:32AM
Price at Release
$5.340
Full Release
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Summary
Lifestyle Communities Limited (ASX: LIC) reported significant progress in its FY26 results, with net new home sales increasing by 55.4% to 216 homes despite a challenging Victorian property market. The company reduced its unsold inventory by 55% and increased rental income by 12.4% to $51.4 million, bolstered by growth in homes under management. Net debt saw a substantial reduction of $186.8 million, and customer satisfaction reached a new high. While statutory profit after tax was $46.9 million, operating profit after tax was affected by reduced new home settlements and deferred management fee revenue due to a VCAT decision. The company's recovery strategy included a successful brand campaign and adjusted pricing initiatives to enhance sales conversion rates. Lifestyle Communities enters FY27 with a strong operating platform and plans for further disciplined growth.
Key Points
  • Net new home sales increased by 55.4% to 216 homes.
  • Unsold inventory reduced by 55% from June 2025 to June 2026.
  • Rental income increased by 12.4% to $51.4 million.
  • Net debt reduced by $186.8 million.
  • Customer satisfaction reached 78.9, the highest since measurement began.
  • Statutory profit after tax was $46.9 million.
  • Operating profit after tax was $25.4 million.
  • Successful brand campaign and pricing strategies improved sales.
  • LIC's appeal against a VCAT decision is pending.
  • New Deferred Management Fee model introduced.
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.