Record Results and Dividends
Cedar Woods Reports Record FY26 Profit and 25-Cent Fully Franked Dividend
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Key Points
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The final dividend is 25.0 cents per share, fully franked, with an ex-date of 30 September 2026, record date of 1 October 2026, and a payment date of 30 October 2026; the Dividend Reinvestment Plan (DRP) and Bonus Share Plan (BSP) are not applicable to this final dividend.
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An interim dividend of 14.0 cents per share, fully franked, was paid on 24 April 2026.
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Net tangible assets per share on a book-value basis stood at A$6.35 at 30 June 2026 (up from A$5.90 at 30 June 2025), a 7.6% increase.
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Gross margin expanded to 30% in FY2026 from 28% in FY2025, contributing to improved profitability alongside lower finance costs.
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acquisitions completed in FY26 added 1,184 lots to Cedar Woods’ pipeline, including a WA Bushmead estate expansion secured after the year end.
Cedar Woods Properties delivered a record financial performance for FY2026, posting net profit after tax of A$65.6 million—a 36% jump from the prior year Investing. The Australian residential developer announced a fully franked final dividend of 25.0 cents per share, bringing total annual dividends to 39.0 cents, as revenue climbed 8% to A$502.4 million and presales hit a record A$830 million Kalkine.
The strong results reflect higher settlement prices, expanding margins to 30% from 28%, and lower finance costs. Cedar Woods now targets 15% NPAT growth for FY2027, backed by a robust pipeline that includes 1,184 newly acquired lots and a gearing level around the high-20s Kalkine.
Record Presales and Lot Settlements Drive Profit
Presales reached A$830 million in FY2026, while net sales totaled 1,326 lots and units across Western Australia, Queensland, and Victoria Grafa. The company settled 1,068 properties during the year, capitalizing on strong market conditions and buyer demand in key growth corridors Investing.
Earnings per share jumped to 77.9 cents, reflecting both higher sales volume and improved pricing power. Net tangible assets per share rose 7.6% to A$6.35, signaling a strengthening balance sheet Kalkine.
Expanded Margins and Lower Finance Costs Lift Profitability
Gross margin expanded to 30% in FY2026, up from 28% in the prior year, contributing directly to the 36% profit increase Kalkine. Lower finance costs also boosted net earnings as the company maintained disciplined capital management with gearing levels around the high-20s.
This operational efficiency provides Cedar Woods with flexibility to invest in growth while maintaining shareholder returns. The company's balance sheet strength underpins its ability to fund acquisitions and support the 15% FY2027 profit growth target Kalkine.
Acquisitions Add Over 1,100 New Lots to Pipeline
Cedar Woods completed acquisitions in FY2026 that added 1,184 lots to its development pipeline across Western Australia, Victoria, and Queensland Kalkine. A notable Bushmead estate expansion in WA was secured after year-end, further strengthening the company's growth prospects.
About 65% of current presales are expected to settle in FY2027, providing revenue visibility for the coming year. Management's 15% NPAT growth target for FY2027 reflects confidence in this contracted presales book and the expanding land bank Kalkine.
Final Dividend Details and Capital Strategy
The final dividend of 25.0 cents per share is fully franked, with ex-date of 30 September 2026 and payment on 30 October 2026 Investing. The interim dividend of 14.0 cents per share was already paid on 24 April 2026, delivering total annual distributions of 39.0 cents.
The Dividend Reinvestment Plan and Bonus Share Plan do not apply to the final dividend. This fully franked distribution strategy remains central to Cedar Woods' capital allocation, balancing growth investment with shareholder returns Investing.
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