CVC (CVC) investor relations material

Executive summary

• Total income rose 380.1% year-over-year to $212.2m, with net profit after tax up 541.7% to $7.7m and NPAT to shareholders at $2.2m, driven by strong property sales, notably Laverton North, and offset by impairments at Liverpool and Turrella.

• Major project realisations included the profitable sale of the Laverton site and settlement of Clyde North lots, securing substantial profits and cash inflows.

• Fully franked special dividend of 5.0cps paid, with no final dividend declared for FY26 due to future funding commitments.

• Strategic focus on high-conviction land investments, value-add planning, and monetisation through development or disposal.

Financial highlights

• Total income reached $212.2m, up from $44.2m in FY2025.

• Net profit after tax was $7.7m, compared to $1.2m in FY2025.

• NPAT to shareholders was $2.2m, up from $0.5m in FY2025.

• Cash position increased to $87.7m, a 574.6% rise from $13.0m in FY2025, aided by asset sales and debt refinancing.

• Property investments contributed $37.8m profit before tax from Laverton and $8.6m from Clyde North; non-property investments posted a pre-tax loss of $2.8m.

Outlook and guidance

• Strategy for FY2027 centers on active asset management, value enhancement, and disciplined capital allocation.

• Plans to recycle capital, reduce project and corporate debt, and maintain liquidity.

• The Board expects most projects to become liquid over the next 3–4 years as planning and rezoning processes conclude.

• No forecast for FY27 results or dividends due to the transactional nature of operations and ongoing funding commitments.

• Focus remains on progressing projects, maintaining capital discipline, and reducing gearing.