Cedar Woods Properties reported a 36% rise in annual net profit to $65.6 million for the year ended June 30, 2026, as strong presales and cost discipline offset higher administrative expenses.
Total revenue increased 8% to $502.4 million, while earnings per share climbed 33% to 77.9 cents. The company declared a 34% higher dividend of 39.0 cents per share, marking its 33rd consecutive year of payouts. Gross profit reached $154.4 million, with gross margins expanding by 200 basis points to 30%.
Presales activity accelerated, with the contract book totaling $830 million at June 30, including over $540 million earmarked for FY27 settlements. More than 90% of the FY27 revenue target is already contracted, the company said. Net sales rose 5% to a record 1,521 lots, homes and offices, while enquiries jumped 25% to 30,137.
FY27 guidance targets a 15% increase in net profit to approximately $75 million. The company maintained a conservative financial position with net bank debt of $157.7 million and gearing ratios of 18% on a net debt-to-total tangible assets basis and 29% on a net debt-to-equity basis. Interest cover improved to 8.1 times, while the weighted average cost of debt stood at 5.7%.
Cedar Woods operates a 36-project portfolio across four states, with a pipeline exceeding 9,600 lots and units. Western Australia accounts for 33% of the lot portfolio, followed by Victoria (28%), Queensland (22%) and South Australia (17%). The company completed six acquisitions in FY26, adding 1,184 lots to its pipeline, with first settlements expected between FY28 and FY30.
The developer’s shares surged 9.72% to $7.90 following the announcement, reflecting investor confidence in its operational momentum and presales strength.
