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Ingenia Communities (ASX:INA) is on track to deliver full-year earnings at the upper limit of its guidance range, despite a slight softening in first-half home settlements.
The developer, which specialises in affordable housing for downsizing Baby Boomers, reported 248 new home settlements for the six months to December 2025—a 4% decline from the 258 recorded in the previous year.
The dip contributed to a marginal decrease in earnings before interest and tax, which fell to $85 million from $86.2 million.
The group trimmed its interim dividend by approximately 8% to 4.8 cents per share.
Despite the lower settlement volumes, net profit rose 11% to $97.4 million, bolstered significantly by the upward revaluation of investment properties.
CEO John Carfi remains optimistic about the remainder of the financial year, noting that "targeted execution" in the first half has positioned the company for a stronger second half.
"Our first half demonstrates targeted execution which puts us on track to deliver the full-year result at the top of our guidance range," Carfi said.
The company reaffirmed its full-year guidance, forecasting EBIT between $180.5 million and $188.7 million, with underlying earnings per share expected to land between 32.5 cents and 34 cents.
At the time of reporting, Ingenia Communities’ share price was $4.43.