Eureka Group (ASX:EGH) released its financial results for the half-year ended Dec. 31, 2025, reporting a 20% increase in revenue to $27 million.
The growth was primarily driven by a 28% rise in rental income, which reached $21.2 million.
The company's underlying EBITDA grew by 11% to $9.1 million, while underlying profit before tax rose 14% to $6.1 million.
Despite these gains, statutory net profit after tax declined by 18% to $5.2 million, a result attributed to lower net valuation gains following a write-down of acquisition costs on investment properties.
Assets under management increased by 17% to $454 million, and the total number of units and sites grew by 42% to 3,784 since the November 2024 capital raise.
The "all-age" rental segment specifically scaled to 1,074 sites across nine communities.
However, the underlying earnings per share fell to 1.44 cents, down from 1.57 cents in the previous corresponding period.
Management attributed this dilution to the full-period impact of shares issued during the 2024 equity raise and the timing of fund deployment.
Underlying EBITDA margins shifted to 33.6% from 36.2%, reflecting the integration of newly acquired communities and a strategic pivot toward the faster-scaling all-age segment.
The board maintained an unfranked interim dividend of 0.73 cents per share.
Looking ahead, Eureka remains on track to deliver full-year FY26 underlying EBITDA growth of 20% to 25%.
At the time of reporting, Eureka Group's share price was $0.49.