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Summerset Group Holdings Limited (ASX:SNZ)

ALERT: Price-sensitive ASX Announcement for SNZ
Current share price for SNZ : $6.710 -2.14 (-24.18%)+
Announcement
Release
27 Feb 2026 7:30AM
Price at Release
$8.850
Full Release
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Summary
Summerset Group Holdings Limited reported its financial results for the year ended 31 December 2025. The company achieved a record underlying profit of NZ$234.2 million, up 13% from FY24, with total revenue increasing by 13% to NZ$361.8 million. Despite this, the IFRS net profit decreased by 22% to NZ$259.7 million due to fair value adjustments. Summerset delivered 693 new homes in New Zealand and Australia, contributing to total assets of NZ$9.2 billion, an increase of 15%. They achieved 1,560 sales of occupation rights, marking a 26% increase. The company declared a final dividend of 13.2 cents per share, maintaining a payout ratio within their policy range. The robust sales and development activities were supported by strong brand presence and high resident satisfaction rates.
Key Points
  • Record underlying profit of NZ$234.2 million, up 13% from FY24.
  • Total revenue increased by 13% to NZ$361.8 million.
  • IFRS net profit decreased by 22% to NZ$259.7 million.
  • Delivered 693 new homes in New Zealand and Australia.
  • Total assets increased to NZ$9.2 billion, up 15%.
  • Achieved 1,560 sales of occupation rights, a 26% increase.
  • Declared a final dividend of 13.2 cents per share.
  • Strong brand presence and high resident satisfaction rates.
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.