Simonds Group books H1 growth and WA expansion

Simonds Group (ASX:SIO) has unveiled a robust financial performance for the first half of the 2026 financial year, signaling a significant turnaround after a period of challenging market conditions.

For the six months ended Dec. 31, 2025, the homebuilding giant reported a revenue of $362.8 million, a sharp 14% increase compared to the $318.1 million recorded in the previous year.

The company’s bottom line showed resilience, with EBITDA climbing to $17.9 million, up from $13.6 million in H1 FY25.

Net profit after tax also saw a healthy boost, reaching $3 million.

Management attributed the growth to the integration of Dennis Family Homes operations and a surge in site start volumes.

A favourable revenue mix and productivity initiatives also helped bolster gross margins.

While the Victorian residential market showed renewed strength due to improved affordability and government incentives for first-home buyers, the group is already looking toward its next frontier.

Simonds has announced a strategic joint venture in Western Australia, marking a pivotal entry into the WA residential market.

At the time of reporting, Simonds Group's share price was $0.14.