Centuria Capital Group (CNI) H1 2026 earnings summary

Executive summary

• Group AUM reached a record $21.8 billion as of 31 December 2025, driven by strong growth in property funds management, real estate finance, and the Arrow Funds Management acquisition.

• 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 the half year was $45.7 million, with operating profit after tax at $54.6 million.

• Platform diversification and recurring earnings drivers underpin resilience through a challenging rate environment.

• Completed the acquisition of Arrow Funds Management, expanding agriculture AUM by $444 million.

Financial highlights

• Operating EBITDA for the half was $89.3 million, with statutory NPAT at $49.8 million and operating profit after tax at $54.6 million.

• Revenue for the half year was $150.4 million, with net asset value per security at $1.78.

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

• Performance fees for HY26 were $11.1 million, nearly triple the prior year period.

• Balance sheet gearing at 12.4%, with weighted average cost of debt reduced to 7.6%.

Outlook and guidance

• FY26 OEPS guidance upgraded to 13.6cps, 11.5% above FY25, and DPS guidance set at 10.4cps.

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

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

• ResetData platform expected to deliver new revenue streams and higher property valuations.

• Continued expansion of Centuria Bass Credit beyond $2.5 billion AUM.