Peet FY26 results: Net profit and dividend jump on record sales
AI Market Summary
Peet Ltd reported strong FY26 results, with net profit and operating EPS up 77% and a 68% lift in fully franked dividends, supported by resilient project sales in Western Australia and Queensland and an expanding development pipeline. The margin step-up (EBITDA +54% with a 36% margin) signals improved operating leverage, a modest positive read-through for Australian housing-linked risk sentiment.
Impact level
● Low
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▲ Bullish
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Australian property developer Peet Ltd reported FY26 earnings, with net profit up 77% year on year to A$103.4 million. Operating earnings per share also climbed 77% to 22.1 Australian cents.
The full-year fully franked dividend rose 68% to 13 Australian cents per share.
Revenue increased 3% to A$450.2 million, while EBITDA surged 54% to A$162.8 million. EBITDA margin widened to 36%.
Peet said the result was supported by strong sales across projects in Western Australia and Queensland, alongside momentum in its development pipeline.
