
Ingenia Communities affirms strong FY26 full-year guidance
Ingenia Communities Group (ASX:INA) has affirmed its full-year guidance, projecting a strong financial performance at the upper end of its targets for the 2026 financial year.
The group is on track to deliver earnings before interest and taxes of $180.5 million to $188.7 million, representing a 10% to 15% growth compared to FY25.
Underlying earnings per share are expected to rise by 5% to 10%, reaching between 32.5 cents and 34 cents.
Driven by goals outlined in its August 2024 5-year plan, the accommodation and land lease developer continues to benefit from stable annuity-style cashflows and steady tourism operations.
In the development sector, financial year-to-date sales have risen by 30% compared to the prior corresponding period.
The company has secured 428 deposits and contracts, which underpins an anticipated 560 to 575 home settlements by year-end.
Ingenia has also expanded its development pipeline, securing over 3,400 potential home sites in the second half of FY26.
While management acknowledged macroeconomic headwinds—notably extended settlement timeframes stemming from broader market uncertainty and fuel price volatility—cancellations have remained stable.
To further capitalise on growth, Ingenia has commenced a sale process for its lower-growth assets to redeploy capital into high-yield developments.
Gross margins and average sale prices are forecasted to increase, steering the portfolio towards positive net cash generation per lot.