Centuria Capital Group (CNI) H1 2026 earnings summary

Executive summary

• Assets under management (AUM) reached a record $21.8 billion as of 31 December 2025, driven by strong growth in property funds management, real estate finance, and investment bonds, with $0.5 billion in real estate acquisitions and $0.3 billion in new capital raised.

• Upgraded FY26 operating earnings per share (OEPS) guidance to 13.6cps, 11.5% above FY25, with HY26 OEPS at 6.6cps, up 6.5% year-over-year.

• Statutory net profit after tax for HY26 was $49.8 million, with operating profit after tax at $54.6 million.

• Completed the acquisition of Arrow Funds Management, expanding agriculture AUM by $444 million, and agreed to acquire the remaining 20% of Centuria Bass Credit for $45.65 million.

• Platform diversification and recurring earnings drivers underpin resilience through a challenging rate environment, with strong private and institutional investor demand.

Financial highlights

• Operating EBITDA for HY26 was $89.3 million, supported by 49% growth in property funds management.

• Statutory EPS was 6.0cps, up from 1.8cps; operating EPS was 6.6cps, up from 6.2cps year-over-year.

• Net asset value per security was $1.78 as of 31 December 2025.

• Balance sheet gearing at 12.4%, with $288 million in cash and undrawn debt.

• Distributions per security for HY26 were 5.2cps, unchanged year-over-year.

Outlook and guidance

• FY26 OEPS guidance upgraded to 13.6cps, 11.5% above FY25, with DPS guidance of 10.4cps.

• $0.8 billion of real estate currently in due diligence or secured since 31 December 2025.

• Strategic focus on scaling investment opportunities, integrating M&A, and accelerating rollout of AI Factory Data Centres.

• ResetData platform expected to deliver new revenue streams and higher property valuations, with positive contributions anticipated by FY26.