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Simonds Group Limited (ASX:SIO)

ALERT: Price-sensitive ASX Announcement for SIO
Current share price for SIO : $0.155 0.035 (29.17%)+
Announcement
Release
16 Feb 2026 1:29PM
Price at Release
$0.120
Full Release
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Summary
Simonds Group Limited announced strong results for the first half of the 2026 financial year, with a 14% revenue increase leading to a $4.3 million boost in EBITDA from continuing operations. This was attributed to the successful integration of Dennis Family Homes and diversification through alternative sales channels. Demand from first-home buyers remained robust, supported by government initiatives. The company aims to expand into the Western Australian market through a new joint venture and has continued investments in affordable housing. Despite economic pressures, Simonds maintains strong liquidity and a positive outlook, although no dividends were declared for this period.
Key Points
  • Simonds Group Limited reported a $17.9 million EBITDA for 1HFY26.
  • Net profit after tax was $3.0 million for the group.
  • Revenue increased to $362.8 million, up from $318.1 million in 1HFY25.
  • Successful integration of Dennis Family Homes expanded customer base.
  • Federal and state government initiatives supported first-home buyer demand.
  • Simonds plans to enter the Western Australian market with a new joint venture.
  • The company maintains a strong liquidity position with $43.8 million available.
  • No dividend was declared for the six months ended 31 December 2025.
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.