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Peet Limited (ASX:PPC)

ALERT: Price-sensitive ASX Announcement for PPC
Current share price for PPC : $1.790 -0.105 (-5.54%)+
Announcement
Release
20 Nov 2025 8:26AM
Price at Release
$1.895
Full Release
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Summary
Peet Limited has released its earnings guidance for the financial year ending June 30, 2026 (FY26), indicating an anticipated net profit after tax between $74 million and $78 million, reflecting a potential growth of 26% to 34% compared to FY25. The company attributes this positive outlook to robust macroeconomic factors such as strong demand for residential property driven by high overseas migration and a supportive interest rate environment. Peet's operations in Western Australia and Queensland are particularly strong, with $750 million worth of contracts on hand as of November 2025, enhancing visibility into FY26 earnings. The company's strategic focus remains on delivering products at competitive price points and capitalizing on market recoveries in regions like the ACT/NSW and Victoria, ensuring continued alignment with market demands and effective capital management.
Key Points
  • Peet Limited expects FY26 Net Profit After Tax to be between $74 million and $78 million.
  • The projected earnings growth is approximately 26% - 34% over FY25.
  • Positive macroeconomic factors support the company's outlook, including strong demand for residential property.
  • Peet's performance is bolstered by its operations in Western Australia and Queensland.
  • Peet has approximately $750 million in contracts on hand as of November 2025.
  • The company remains focused on delivering products at the right price point.
  • Improvements are anticipated in the ACT/NSW and Victoria markets.
  • Peet maintains a disciplined approach to capital management and project delivery.
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.