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Cedar Woods delivers record $65.6M FY26 profit
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Cedar Woods delivers record $65.6M FY26 profit

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  • Cedar Woods posted a record net profit after tax of $65.6 million for FY26, representing a 36% increase.
  • The stock rose significantly to trading levels around $7.91 following the release of the results.
  • Earnings were driven by higher lot settlement prices and strong national property presales, with a target of 15% NPAT growth set for FY27.

Cedar Woods (ASX:CWP) reported a record full-year net profit after tax of $65.6 million for FY26, up 36% from $48.1 million in the previous corresponding period.

The profit result landed slightly above the company's guidance range, supported by full-year revenue growing 8% to a record $502.4 million.

"We enter FY27 with $830 million in presales and more than 90% of forecast revenue for FY27 already contracted. This materially reduces near-term sales risk and supports our target of delivering a further 15% increase in NPAT," said Cedar Woods Managing Director Nathan Blackburne.

Gross margin expanded to 30% from 28% in the prior year, while presales reached $830 million as of June 30, which the company stated accounts for over 90% of forecast FY27 revenue.

Cedar Woods management set a target of 15% growth in net profit after tax for FY27.

Following the announcement, the Cedar Woods share price was up at $7.91.

The property developer ended the financial year with more than $120 million in available liquidity and a gearing ratio of 18%.

The board declared a fully franked final dividend of 25 cents per share, bringing the total FY26 dividend payout to a record 39 cents per share.

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