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Summerset Group Holdings Limited (ASX:SNZ)

ALERT: Price-sensitive ASX Announcement for SNZ
Current share price for SNZ : $6.710 -3.6 (-34.92%)+
Announcement
Release
8 Jul 2025 7:30AM
Price at Release
$10.310
Full Release
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Summary
Summerset Group Holdings Limited reported its highest quarterly sales ever for 2Q25, with a total of 402 occupation rights sold, comprising 222 new sales and 180 resales. This performance marks an 18% increase compared to the first half of 2024. The company's diverse landbank has been a significant contributor to this success, with nearly half of the sales coming from outside major cities like Auckland, Wellington, and Christchurch. The company has seen a substantial decrease in uncontracted new sale stock and an increase in contracted new stock. Moving forward, Summerset is on track to deliver 650-730 homes in FY25, including new developments in both New Zealand and Australia. The company plans to release its half-year results on 28 August 2025.
Key Points
  • Highest quarterly sales recorded with 402 occupation rights sold in 2Q25.
  • 18% increase in sales compared to the first half of 2024.
  • Significant contributions from landbank outside major cities.
  • Decrease in uncontracted new sale stock by 6%; increase in contracted new stock by over 50%.
  • On track to deliver 650-730 homes in FY25.
  • Upcoming HY25 results release scheduled for 28 August 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.