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Peet Limited (ASX:PPC)

ALERT: Price-sensitive ASX Announcement for PPC
Current share price for PPC : $1.900 0.09 (4.97%)+
Announcement
Release
25 Aug 2026 9:46AM
Price at Release
$1.810
Full Release
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Summary
Peet Limited's FY26 Results Presentation highlights a significant performance improvement compared to FY25. The company reported a 77% increase in net operating profit, driven by solid results across its development and funds management sectors. Revenue increased by 3% to $450.2 million, while EBITDA saw a substantial growth of 54% to $162.8 million. The firm also recorded an 86% rise in NPBT due to reduced finance costs and lower depreciation and amortisation. The balance sheet showed a decrease in total assets from $1,082.3 million to $1,060.8 million and a reduction in liabilities from $461.6 million to $388.5 million, leading to a net asset increase to $672.3 million. Key development projects and their future sales forecasts were also detailed, projecting a total development value of $7,353 million across 16,613 lots remaining to be sold.
Key Points
  • 77% increase in net operating profit for FY26.
  • Development sector recorded $305.5 million, slightly down by 2%.
  • Funds management sector grew by 10%, reaching $93.4 million.
  • Revenue increased by 3% to $450.2 million.
  • EBITDA growth of 54%, totalling $162.8 million.
  • NPBT rose by 86% due to reduced finance costs and lower depreciation.
  • Total assets decreased slightly to $1,060.8 million.
  • Liabilities reduced to $388.5 million, increasing net assets to $672.3 million.
  • Development projects pipeline with a forecasted future sales value of $7,353 million.
  • Total of 16,613 lots remaining to be sold across various projects.
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.