Ingenia Communities Group reported an 18% increase in underlying earnings before interest and tax to $193.4 million for the year ended June 30, 2026, exceeding the top end of management guidance. Underlying earnings per security rose 16% to 35.8 cents, while total revenue increased 8% to $555.3 million. The company’s statutory profit surged 45% to $186.4 million, reflecting improved operational performance across its land lease and rental portfolios.
The lift in profitability followed a $35,000 per-lot cash return improvement in land lease economics, reversing a $20,000 loss in FY24. New home settlements rose 10% to 573 units, with an average sales price of $681,000. Gross margins on development sales reached 48%, within the 40–50% target range, while EBIT margins in the segment held steady at 32%. The company deployed $174 million in development capital across 18 active projects.
Portfolio EBIT climbed 9% to $205.1 million, driven by a 9% rise in lifestyle development EBIT to $80.7 million and an 8% increase in lifestyle rental EBIT to $49.9 million. The holidays segment reported EBIT of $63.2 million, up 9%, supported by a 12% rise in tourism rental income to $125.1 million. Joint venture operating profit jumped 69% to $33.6 million, primarily due to the Freshwater project. The company added 410 new income-producing sites and completed 260 resales in established communities, with average rent uplifts exceeding 5%.
Capital management metrics showed modest gearing at 31%, up from 30%, within the 25–35% target range. Total debt facilities expanded to $1.13 billion, with $948.9 million drawn and $174.6 million in cash reserves. The weighted average cost of debt decreased to 5.18% from 5.24%, while interest coverage ratios stood at 4.08x total and 3.48x core. Approximately 53% of drawn debt was hedged at an average rate of 3.80% with a 2.5-year maturity.
Ingenia maintained its 9.6 cents per security distribution and outlined plans to divest $350–500 million of lower-growth assets, with an initial $120–125 million tranche already in progress. A digital marketing initiative launched in March 2026 delivered a 25% year-on-year increase in conversion rates and 16% growth in direct booking revenue.
The company also highlighted a proposed acquisition of Peet Limited, which would expand its land lease pipeline from 8,800 to approximately 35,000 lots and is expected to be 11% earnings-per-share accretive in FY26 on a pro forma basis. Management flagged FY27 EBIT and underlying EPS growth guidance of 0–10%, a deceleration from FY26, citing six new communities and three sales launches planned for the first half of the year.
