Finbar Profit Growth
Finbar Reports 41% Profit Surge and Record Pre-Sales on Strong Perth Market Demand
Key Points
FY26 NPAT of $20.3 million was Finbar’s highest annual profit since FY15, with underlying NPAT of $22.1 million excluding portfolio movements.
Finbar sold 566 lots in FY26, a 126% increase from FY25 (221 lots), with settled value around $263.7 million.
Post-period, Finbar’s Bel-Air loan of $5.5 million was fully repaid in July 2026, helping to reduce leverage further.
Balance sheet strengthened with cash and term deposits of $50.7 million and borrowings of $13.9 million (down 72.4% from $50.3 million); net tangible assets per share about 94.5 cents.
Dividend activity included an interim dividend of 2.5 cents per share in April 2026 and a final dividend of 3.0 cents per share declared for payment on 25 September 2026.
Finbar Group posted FY26 net profit of $20.3 million, up 41% from the prior year, marking the company's highest annual profit since FY15 Kalkine. The Perth-based developer achieved record pre-sales of $567.2 million, even as revenue fell 28% to $204.3 million due to project timing shifts TipRanks. A stronger balance sheet with $50.7 million in cash and just $13.9 million in borrowings positions the company for sustained growth.
Finbar sold 566 residential lots in FY26—a 126% jump from 221 lots in FY25—with settled value near $263.7 million Business News. The company declared a final dividend of 3 cents per share and is developing a $1.8 billion pipeline across five years, including major projects like Bel-Air, Garden Towers, and Riverbank Residences Kalkine.
Profit Surges Despite Revenue Decline
Finbar's FY26 net profit reached $20.3 million, with underlying profit at $22.1 million Kalkine. This 41% increase happened even though revenue dropped to $204.3 million from $285.2 million in FY25 TipRanks. The company achieved this by expanding gross margins to 20.2% and cutting costs, aided by selling down completed inventory and a richer mix from the higher-margin Bel-Air project.
Earnings per share reached 7.44 cents Kalkine. Gross profit climbed to $41.2 million as project settlement timing shifted into future periods, allowing the company to focus on higher-value developments Kalkine.
Record Pre-Sales Power Future Growth
Pre-sales hit a record $567.2 million in FY26, reflecting strong market demand and an expanded project pipeline TipRanks. Finbar's five-year development slate is worth approximately $1.8 billion, covering iconic Perth locations including Bel-Air, Garden Towers, Riverbank Residences, Palmyra West, and Romeo Business News. The company also acquired new sites in West Leederville, South Perth, and Rivervale to fuel future growth.
The record pre-sales pipeline demonstrates investor confidence in Finbar's development strategy Kalkine. With 566 lots sold in FY26—up 126% year-on-year—the company has built substantial momentum heading into FY27 Kalkine.
Balance Sheet Strengthens Significantly
Finbar's cash and term deposits jumped to $50.7 million, while borrowings plummeted 72% to $13.9 million Kalkine. Post-period, the company repaid its $5.5 million Bel-Air loan in July 2026, pushing leverage even lower Business News. Net tangible assets per share reached approximately 94.5 cents, offering solid backing for future growth and shareholder returns.
The strengthened balance sheet gives Finbar firepower to develop its pipeline without heavy external funding TipRanks. An interim dividend of 2.5 cents per share was paid in April 2026, followed by the final dividend of 3 cents announced for September 25, 2026 Kalkine.
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