InvestSMART

Peet Limited (ASX:PPC)

ALERT: Price-sensitive ASX Announcement for PPC
Current share price for PPC : $1.910 0.1 (5.52%)+
Announcement
Release
25 Aug 2026 9:46AM
Price at Release
$1.810
Full Release
download
Summary
Peet Limited reported a record-breaking fiscal year 2026 with a 77% increase in net operating profit, reaching $103.4 million. This growth was driven by strong performances in its Western Australian and Queensland operations, along with higher settlement prices. The company also saw an increase in revenue to $450.2 million and improved its EBITDA margin to 36%. Earnings per share rose similarly by 77%, and Peet declared fully franked dividends amounting to 13.0 cents per share, a 68% increase from the previous year. The company maintained a robust balance sheet, reducing net debt to $201.3 million and maintaining gearing within its target range. With contracts on hand valued at $851 million, Peet is well-positioned for continued growth in FY27, supported by its extensive development pipeline and favourable market conditions.
Key Points
  • Peet Limited delivered a record net operating profit of $103.4 million for FY26, marking a 77% increase from the previous year.
  • Operating earnings per share increased by 77% to 22.1 cents.
  • Revenue grew to $450.2 million, reflecting a 3% increase.
  • The EBITDA margin improved to 36%, with EBITDA increasing by 54% to $162.8 million.
  • Peet declared a fully franked dividend totaling 13.0 cents per share for FY26, which is a 68% increase from FY25.
  • Contracts on hand stood at $851 million as of 30 June 2026, showing a 39% increase.
  • Net debt reduced to $201.3 million by the end of June 2026.
  • The development pipeline remains strong with over 26,400 lots across 37 projects.
  • The company's gearing reduced to 24.8%, staying within the target range.
  • Peet enters FY27 with strong momentum, supported by favourable market conditions and a strong balance sheet.
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.