Abacus Group affirms guidance following H1 FY26 result

Abacus Group (ASX:ABG) released its financial results for the half-year ended Dec. 31, 2025, announcing a statutory net profit of $47.6 million.

The figure represents a $53.3 million increase over the H1 FY25 period, which was notably impacted by property valuations.

The group attributed the current performance to a strategic focus on cost efficiencies and productivity enhancements, resulting in an 8.1% reduction in administrative and other expenses compared to the previous year.

Key operational metrics remained steady, with funds from operations recorded at $40.1 million, a marginal 0.2% decrease from H1 FY25.

The distribution was maintained at 4.25 cents per security, with a net tangible asset value of $1.73 per security, reflecting a 0.6% increase.

The group's gearing remains at 34.5%, comfortably within its target range of up to 40%.

Office LFL operating earnings rose by 0.6% to $44.3 million, supported by 7.2% leasing spreads and 3.6% average rent reviews.

When excluding the impact of lower surrender fees, office earnings grew by 5.8%.

The retail sector saw a 4.5% increase in LFL operating earnings to $15 million, maintained by an occupancy rate of 97.1%.

Meanwhile, the group's self-storage interests provided an $8 million equity return.

Following the results, Abacus Group has affirmed its FY26 distribution guidance of 8.50 cents per security.