WOTSO Property reported a 4% rise in total revenue to AUD 48.75 million for FY26, driven by an 11% increase in Flexspace sales to AUD 35.28 million. Real estate income declined 12% to AUD 13.09 million, reflecting asset sales and valuation adjustments. Contribution margin contracted 3% to AUD 17.27 million, while underlying EBITDA edged up 1% to AUD 10.12 million.
The coworking network expanded to 40 locations, up 29% from 31 sites a year earlier, including 19 within the owned portfolio. However, 13 startup locations—defined as under 18 months old—generated a combined AUD 641,000 loss, pressuring margins. Mature sites, operating for more than 36 months, accounted for AUD 2.74 million of the AUD 2.88 million Flexspace contribution margin, while developing locations (18–36 months) contributed an additional AUD 781,000.
Gross property holdings were valued at AUD 283 million across 20 properties, down from AUD 300.61 million a year prior. The company sold the Yandina asset for AUD 16.5 million in February 2026, unlocking capital and reducing borrowings to AUD 94.3 million. Net gearing fell to 27.8%, and the group’s loan-to-value ratio decreased by one percentage point to 38%. Refinancing AUD 67.3 million of debt lowered the effective margin to 1.86%, from 1.96% in FY25.
Management highlighted operational improvements, including a 70% share of day pass sales now conducted online, up from roughly 30% before an April e-commerce campaign. Monthly day pass revenue rose from about AUD 70,000 to over AUD 200,000. Revenue per available desk increased 2% to AUD 367, while same-location RevPAD climbed 6% to AUD 379. Dynamic pricing for meeting rooms generated an additional AUD 50,000 in July alone.
The company opened its first CookSpace commercial kitchen in North Strathfield in March, achieving 100% occupancy within months and generating nearly AUD 500 per square meter in returns. A final distribution of 1.45 cents per security was declared, bringing total FY26 payouts to 2.80 cents, a 24% increase from 2.25 cents in FY25. Shares traded at AUD 0.51, near the bottom of a 52-week range of AUD 0.45 to AUD 0.69.
