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.
Conditions in South Australia are steady, while Victoria is showing improved enquiry and sales momentum.
Overall enquiry and sales volumes are at historically elevated levels for the company.
Cedar Woods noted that supply shortages, low unemployment and ongoing government support for homebuyers continue to provide tailwinds for the sector, with recent interest rate commentary not deterring buyers.
The national housing supply shortfall is expected to continue supporting volumes and pricing.
The company said it is entering the second half of FY26 with confidence, supported by strong pre-sales, advanced delivery programs, a solid balance sheet, disciplined cost management and a diversified development pipeline.