)

Mirvac (MGR) investor relations material
Mirvac H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
FY 2025 marked a turnaround, with execution of strategic initiatives positioning the business for growth into FY 2026 and beyond.
Statutory profit reached $68m, up 108% year-over-year, while operating profit was $474m, down 14% due to lower development earnings and higher construction costs.
Portfolio repositioning and expansion in living and industrial sectors drove income growth and improved returns.
High occupancy of 98% in the investment portfolio, with 2,122 residential lot settlements and $1.9bn in pre-sales.
Board and management focused on capital partnering, portfolio resilience, and sustainability, with a strong balance sheet and positive outlook for FY26.
Financial highlights
Group EBIT reached $736 million and operating profit was $474 million, with operating EPS of $0.12, in line with guidance.
Distribution per security was $0.09; NTA stands at $2.26.
Investment portfolio occupancy rose to 98% with 8.6% average positive leasing spreads.
Residential sales volumes improved 40% year-over-year, with $1.9 billion in presales.
Gearing at 27.6% within the 20–30% target range; liquidity of $1.2bn.
Outlook and guidance
FY 2026 EPS expected between $0.128 and $0.13, reflecting 6.7% to 8.3% growth; dividend of $0.095, up 5.6% year-over-year.
Plan to execute ~$500 million in asset sales and 2,000–2,300 residential settlements in FY 2026.
Market conditions expected to improve in FY26, with stabilising asset valuations, improved leasing, and supportive interest rates.
Focus remains on capital efficiency, non-core asset sales, and investment in the development pipeline.
Residential margins expected to return to 18–22% in FY 2026 as impairments are contained to FY 2025.
Next Mirvac earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage