Peet FY26 net operating profit jumps 77% to $103.4 million as fully franked dividend rises 68%
AI Market Summary
Australian developer Peet reported record FY26 results, with net operating profit and operating EPS up 77% and fully franked dividends up 68%, supported by strong Western Australia and Queensland sales, higher EBITDA margin, and rising contracts on hand. Balance-sheet metrics improved as gearing and net debt fell, and an expanded development pipeline increased earnings visibility. The update is a positive single-name read-through but has limited broader market relevance.
Impact level
● Low
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Australian property developer Peet Ltd reported FY26 results, with net operating profit up 77% year-on-year to $103.4 million and operating earnings per share also up 77% to 22.1 cents. Total FY26 fully franked dividends rose 68% to 13.0 cents per share. Revenue increased 3% to $450.2 million and EBITDA climbed 54% to $162.8 million, lifting the margin to 36%. The company said the performance was supported by strong project sales in Western Australia and Queensland and a robust development pipeline.
