Eureka Group Holdings (EGH) investor relations material

Executive summary

• Revenue, underlying earnings, and cash flow all increased year-over-year, with guidance exceeded and a strong balance sheet supporting sustainable growth.

• Portfolio expanded to over 4,000 homes/sites, with significant growth in all-age rentals and a robust development pipeline exceeding 800 homes.

• High occupancy rates maintained: 97% for seniors and 95% for all-age rentals, supported by strong demand for affordable housing.

• Disciplined capital allocation with over $80m deployed in acquisitions and conservative gearing.

• Statutory net profit after tax declined due to lower property revaluation gains and non-recurring GST impacts.

Financial highlights

• FY26 revenue was $56.7 million, up 24% year-over-year, with rental income up 32% to $44.9 million.

• Underlying EBITDA reached $21.7 million, up 29%, and underlying profit before tax was $14.7 million, up 23%.

• Underlying EPS was 3.45cps, up 10%; full-year dividend was 1.46cps.

• Net operating cash flow increased 41% to $15.2 million.

• Net tangible assets per share increased 4.9% to 57.7c.

Outlook and guidance

• Targeting underlying EPS growth of at least 13% for FY27, with guidance of at least 3.9cps.

• Plans to deliver over 150 new modular rental homes and accelerate lease-up at key communities.

• Acquisition pipeline of over $120 million, with focus on capital partnerships and joint ventures.

• Medium-term target of over 6,000 homes and a 40% operating margin.

• FY27 began with three acquisitions adding 589 homes and sites.