Cedar Woods Properties (ASX:CWP) has upgraded its earnings guidance for FY26, flagging stronger-than-expected conditions across key markets and faster project delivery.
The ASX-listed developer said net profit after tax is now expected to grow by at least 20%, up from previous guidance of 15%, underpinned by robust sales activity, price growth and accelerated progress on several projects.
The company is forecasting a record FY26 profit, which it said would support higher dividend distributions, with earnings weighted toward the first half of the year.
Cedar Woods said full-year sales price growth expectations have already been achieved in the first half at many projects, particularly in Western Australia and Queensland, where market conditions remain highly favourable.