Finbar Group (FRI) H2 2025 earnings summary

Executive summary

• Total comprehensive income for the year was $14.4 million, down from $16.4 million in 2024, with basic EPS at 5.28 cents per share, compared to 6.10 cents in the prior year.

• Revenue increased to $284.5 million from $194.3 million year-over-year, driven by property development sales and rental income.

• Major project completions included The Point and Aurora Applecross, with significant settlements contributing to results.

• The company divested Finbar to Rent Pty Ltd and Finbar Sales Pty Ltd, realizing a net gain of $2.5 million.

• The board remains optimistic due to a strong project pipeline and ongoing property shortages in the market.

Financial highlights

• Revenue: $284.5 million (2025), up from $194.3 million (2024).

• Net profit after tax: $14.4 million, down from $16.6 million in 2024.

• Gross profit: $34.3 million, up from $33.1 million year-over-year.

• Cash and cash equivalents at year-end: $36.4 million, down from $220.1 million.

• Final 2024 dividend paid: 8.0 cents per share ($21.8 million); proposed 2025 final dividend: 2.0 cents per share ($5.4 million).

Outlook and guidance

• The company will continue to focus on core property development activities and reinvest in future pipeline projects.

• Construction is ongoing at Garden Towers East Perth and Bel-Air Belmont, with future launches planned for several approved projects.

• The board expects future dividends to remain fully franked.

• The outlook is optimistic, supported by a robust project pipeline and favorable market conditions.