Lifestyle Communities reports $46.9M FY26 profit
- Net new home sales rose 55.4% to 216 homes, while statutory profit after tax reached $46.9 million.
- Following the financial report release, the company share price increased to $5.60.
- Management targeted rebuilding sales momentum, lowering net debt, and aligning build activity with local market demand.
Lifestyle Communities (ASX:LIC) delivered a statutory profit after tax of $46.9 million for the financial year ended June 30, recovering from a statutory loss of $195.3 million in the prior year.
Operating profit after tax fell to $25.4 million from $45.2 million previously, while net new home sales increased by 55.4% to 216 homes.
Homes under management increased to 4,368 across 25 communities. Net debt reduced from June 2025 by $186.8 million to $273.7 million.
Net debt was reduced by $186.8 million to finish the period at $273.7 million, alongside a 55% reduction in unsold inventory down to 121 completed homes.
Rental income grew 12.4% to $51.4 million, supported by an expanded portfolio of 4,368 homes under management across 25 communities.
"Lifestyle Communities enters FY27 with a strengthened operating platform, a growing annuity income stream, improved balance sheet flexibility and multiple development opportunities across its existing land bank," stated CEO Henry Ruiz.
Following the announcement, the Lifestyle Communities share price was up at $5.60.
The enterprise develops, owns, and manages land-lease communities tailored for over-50s homeowners across Victoria.
