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The Energy One Ltd (ASX: EOL) share price is in focus after the company reported strong FY26 earnings, highlighted by a 14% lift in revenue and a 42% rise in underlying cash EBITDA.

What did Energy One report?

• Revenue of $69.9 million, up 14% from FY25
• Recurring revenue of $63.5 million, up 17% year on year
• Annual Recurring Revenue (ARR) reached $64.6 million, up 13% (constant currency)
• Underlying Cash EBITDA rose 42% to $14.9 million
• Underlying NPAT increased 56% to $9.2 million
• Energy One closed FY26 in a net cash position

What else do investors need to know?

Energy One’s recurring revenue now represents 91% of total revenue, underscoring the strength and predictability of its business model. The company credited ongoing investment in product development, customer capability, cybersecurity, and AI-enabled productivity initiatives for its improved results.

FY26 saw Energy One secure major multi-product customer contracts and deepen relationships with existing clients. This strategy supports greater upsell opportunities and highlights the appeal of Energy One’s integrated offering in energy software and services.

What did Energy One management say?

Energy One Group CEO Ben Tranier said:

FY26 was a strong year for Energy One. We delivered high-quality recurring revenue growth, expanded margins, stronger cash earnings and a materially strengthened balance sheet.

What’s next for Energy One?

Looking ahead, Energy One enters FY27 with positive momentum, supported by $5.1 million in signed or contract-prepared ARR not yet billed as at 30 June 2026. Management expects this foundation will help deliver at least 15% recurring revenue growth in FY27.

The company is also targeting a Cash EBITDA margin run-rate of around 30% by the end of FY27, with a focus on disciplined cost control and further leveraging its integrated platform to win more multi-product customers.

Energy One share price snapshot

Over the past 12 months, Energy One shares have risen 8%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Energy One reports double-digit FY26 earnings growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Energy One. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Southern Cross Electrical Engineering Ltd (ASX: SXE) share price is in focus after the company reported a 40.5% increase in underlying EBITDA to $77 million and a record final dividend, despite a dip in reported revenue.

What did Southern Cross Electrical Engineering report?

• Underlying EBITDA: $77.0 million, up 40.5% on last year’s record result
• Underlying NPAT: $39.4 million, up 24.3% year-on-year
• Revenue: $718.7 million, down 10.3% after finishing two major projects
• Final dividend: 7.5 cents per share, fully franked, with total FY26 dividends up 33.3%
• Record cash balance: $261.5 million
• Order book: $810 million, up 18.2% on last year

What else do investors need to know?

SCEE’s sector mix is evolving, with over 40% of this year’s revenue coming from adjacent non-electrical fields such as fire safety, security, and communications. The Force Fire business, acquired last year, contributed strongly and exceeded expectations.

The statutory result was affected by a $46.1 million settlement related to the WestConnex M5 tunnel project dispute, reducing statutory NPAT to $7.1 million. However, these costs were excluded from the underlying performance metrics.

The company raised $144.7 million through a major equity raising and remains debt-free, which together with expanded finance facilities, give it significant firepower for future acquisitions and growth.

What did Southern Cross Electrical Engineering management say?

Commenting on the results, SCEE Group Managing Director Graeme Dunn said:

The 2026 financial year has seen the group deliver record profitability and returns to shareholders while setting the platform on which we will deliver our significant forecast growth in FY27 and beyond. We have a record order book and cash balance, an unprecedented pipeline of data centre opportunities and significant exposure to Australia’s energy transition and infrastructure spend. We remain committed to delivering further acquisitions and maximising the benefits of our diversified multi-disciplinary offering.

What’s next for Southern Cross Electrical Engineering?

SCEE has provided EBITDA guidance of at least $100 million for FY27—a 30% increase—supported by a strong project pipeline in data centres, infrastructure, and renewable energy developments. The company is actively exploring acquisition opportunities to diversify further, with new financing facilities ready to fund expansion.

Management expects to capture growth through both organic projects and acquisitions, with no current material constraints flagged. SCEE’s strategic focus on Australia’s electrification and decarbonisation trends continues to shape its work and expansion plans.

Southern Cross Electrical Engineering share price snapshot

Over the past 12 months, SCEE Group shares have risen 133%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Southern Cross Electrical Engineering: Record FY26 profit, cash, and dividends appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Southern Cross Electrical Engineering. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Fletcher Building Ltd (ASX: FBU) share price is in focus after the company reported a return to profit for FY26, with EBIT up 26% and net earnings of $228 million, marking a significant turnaround from last year’s loss.

What did Fletcher Building report?

• Revenue from continuing operations rose 7.3% to $6.0 billion
• EBIT (before Significant Items) from continuing operations lifted 26% to $414 million
• Net profit after tax was $228 million, a swing from a $419 million loss in FY25
• Net cash from operating activities increased to $715 million (up from $501 million)
• Net debt reduced to $637 million, down from $999 million
• No final dividend declared for FY26

What else do investors need to know?

Fletcher Building’s improved performance followed the divestment of its Construction division and other non-core operations, with proceeds used to strengthen the balance sheet. Core manufacturing divisions delivered resilient results in a challenging market, supported by strong cost and capital discipline.

Despite the profit rebound, returns on invested capital remain below company targets. The group’s dividend policy will be reviewed and reset once positive free cash flow is being generated and net debt is within target levels. Management highlighted safety improvements, continued investment in leadership, and progress on sustainability goals.

What did Fletcher Building management say?

Managing Director & CEO Andrew Reding said:

Fletcher Building is significantly more resilient than it was twelve months ago. We have moved at pace to improve our business model, and the strategic reset we set out last year is now starting to deliver tangible results. Our portfolio has been simplified with the divestment of the Construction division and other non-core operating units, and we used the proceeds to strengthen our balance sheet.

What’s next for Fletcher Building?

Fletcher Building expects ongoing market uncertainty to weigh on near-term performance, particularly in the first half of FY27. While market volumes showed gradual improvement in the second half of FY26, a meaningful recovery is not expected until calendar 2027. Management says priorities remain on cost control, completing remaining legacy projects, and ensuring the group is well positioned when conditions improve.

Lower capital expenditure and a continued focus on operational efficiency are set to support further balance sheet strengthening. The dividend policy will be reset when financial targets are achieved.

Fletcher Building share price snapshot

It has been a positive 12 months for the Fletcher Building share price. During this time, the company’s shares have outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of 10%.

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The post Fletcher Building returns to profit in FY26, EBIT up 26% appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Temple & Webster Group Ltd (ASX: TPW) share price is in focus today after the company posted record FY26 revenue of $665 million and grew underlying EBITDA by 28%.

What did Temple & Webster report?

• Revenue rose 10.6% to $664.6 million
• EBITDA increased 16.6% to $21.9 million, with an underlying EBITDA (ex-FX) jump of 28% to $25.9 million
• Delivered margin improved 5.5% to $201.0 million
• Cash balance at 30 June 2026 was $122.7 million, after $30 million spent on share buy-backs
• Market share grew to 2.9% and active customers rose 5% to approximately 1.3 million
• Repeat customers accounted for 62% of all orders, up from 59% last year

What else do investors need to know?

Temple & Webster highlighted strong contributions from exclusive product lines and adjacent businesses, now delivering over $100 million in annual revenue. The company’s NZ business generated $3 million in revenue since launching in October 2025, and its home improvement segment posted strong growth, up 39%.

The group continues to maintain a capital-light operating model, generating $24 million in operating cash flow. Fixed costs declined as a percentage of revenue, supporting improved margins alongside higher average order values and stable marketing ROI.

What did Temple & Webster management say?

Executive Chair Mark Coulter commented:

Despite a challenging environment, we have been able to deliver record annual revenue of $665 million, while materially improving the underlying profitability of the business through several margin optimisation initiatives. These initiatives, combined with the flexibility of our operating model, resulted in our Underlying EBITDA (excluding unrealised foreign exchange losses) increasing by 28% vs pcp to $26 million.

What’s next for Temple & Webster?

Despite variable market conditions, Temple & Webster is targeting FY27 EBITDA between $33 million and $40 million, up roughly 50–80% from FY26. The company says it is focused on returning to double-digit top-line growth through leveraging digital and AI innovation, strengthening its core online offering, and building further scale in adjacencies like home improvement and New Zealand.

New CEO Susie Sugden has flagged upcoming strategy updates at the AGM and first-half results, with an eye to expanding market leadership in the $40 billion-plus Australian homewares and furniture sector.

Temple & Webster share price snapshot

The Temple & Webster share price certainly has had 12 months to forget, losing almost 80% of its value since this time last year. This compares to a gain of 2% by the S&P/ASX 200 index (ASX: XJO).

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The post Temple & Webster earnings: Record revenue and profit growth in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Turners Automotive Group Ltd (ASX: TRA) share price is in focus today after releasing its FY26 results, with revenue climbing 9% to $451.2 million and a record full-year dividend of 33.0 cents per share, up 14%.

What did Turners Automotive Group report?

• Revenue rose 9% to $451.2 million in FY26.
• Normalised EBIT increased 14% to $70.6 million.
• Normalised NPAT jumped 18% to $45.6 million (excluding one-off intangible impairments).
• Reported NPAT was $38.2 million, down 1%, reflecting a $7.5 million impairment in the credit management division.
• Final dividend declared at 9.0 cents per share, bringing the full year total to 33.0 cents, up 14% and fully imputed.
• Shareholders’ equity stood at $318 million as at 31 March 2026.

What else do investors need to know?

Turners delivered another record profit in a tough consumer environment, lifted by strong gains in its auto retail, finance, and insurance divisions. The group’s funding position improved, with a $200 million securitisation facility and expanded banking lines providing additional firepower for growth and branch expansion.

Ongoing economic headwinds, including higher fuel prices and the Middle East conflict, slowed the New Zealand automotive market late in FY26. However, the company’s diversified portfolio and disciplined management of stock, margins, and credit quality helped offset these pressures.

What’s next for Turners Automotive Group?

Turners is targeting $65 million normalised NPBT in FY27 and remains committed to its longer-term ambition of $100 million by FY31. The company plans further expansion of its auto retail network, underpinned by a strong balance sheet and stable funding.

While short-term challenges persist, management remains confident in its strategy and expects diversified earnings streams—from finance, insurance, and auto services—to provide resilience as the market recovers.

Turners Automotive Group share price snapshot

Over the past 12 months, Turners Automotive Group shares have risen 20%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Turners Automotive Group posts record FY26 results and lifts dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Breville Group Ltd (ASX: BRG) share price is in focus after the company reported record full-year sales of $1.8 billion and delivered EBIT in line with guidance for FY26.

What did Breville Group report?

• Revenue: $1,810.9 million, up 6.7% from FY25
• EBITDA: $284.1 million, up 4.5%
• Net profit after tax (NPAT): $138.1 million, up 1.7%
• EBIT: $207.0 million, up 1.2%
• Final dividend: 19.0 cents per share, bringing full-year dividend to 38.0 cents, up 2.7% (100% franked)
• Net cash: $104.4 million at 30 June 2026

What else do investors need to know?

Breville completed its manufacturing diversification program, with 85% of 120-volt product gross profit now sourced outside China. This shift reduced company exposure to supply chain risks and US tariffs, which remained volatile during the year.

Growth in new markets stood out, with China, Korea, Mexico, and the Middle East together posting revenue gains above 70%. The company’s investment in new products, solutions, and technology services increased to 14.4% of revenue.

Strong underlying cash flow supported a healthy net cash position at year end. Gross margins recovered in the second half, led by improved US sourcing.

What did Breville Group management say?

Breville’s managing director and CEO, Jim Clayton, said:

FY26 tested the business on every front: We transformed our manufacturing footprint, grew revenue to a record $1.8 billion, and delivered EBIT in line with budget and guidance, in a year when US tariffs restructured four times and the closure of the Strait of Hormuz disrupted global supply chains. That is a result the team can be proud of… We enter FY27 better positioned than we have ever been. What we built this year will outlast the conditions that tested it.

What’s next for Breville Group?

Heading into FY27, Breville expects continued robust demand for premium products, but notes that supply chain disruption and fluctuating tariffs, especially in the US, remain potential headwinds. With manufacturing diversification largely complete, the company enters the new year well placed to adapt as needed.

Planned investment will focus on growth assets and elevated inventory as Breville continues expanding in new geographies and further develops its technology offerings. The company intends to provide more detailed guidance at its 1H27 results.

Breville Group share price snapshot

The Breville share price has been out of form over the past 12 months. During this time, it has underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of 8%.

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The post Breville Group shares in focus after record FY26 earnings appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The EBOS Group Ltd (ASX: EBO) share price is in focus as the healthcare group delivered $13.5 billion in revenue, up 9.9%, and reported a net profit of $225.2 million for FY26, reflecting a 4.7% increase.

What did EBOS Group report?

• Revenue from continuing operations: $13,486.7 million, up 9.9% from FY25
• Reported net profit after tax (NPAT): $225.2 million, up 4.7%
• Underlying NPAT: $249.7 million, down 3.1% year on year
• Reported EBITDA: $598.7 million, up 7.8%
• Final dividend: NZD 61.5 cents per share, with a record date of 28 August 2026 and payment on 18 September 2026
• Net tangible assets per share: AUD $5.39, compared to $4.17 a year ago

What else do investors need to know?

EBOS Group’s FY26 results show continued momentum in revenue growth across both the pharmaceutical and animal care divisions. While underlying profit dipped slightly due to higher restructuring and transaction costs, reported profits rose.

The company continues to invest in distribution networks and digital capabilities. A steady final dividend rewards shareholders and may signal confidence in ongoing cash flow strength.

What’s next for EBOS Group?

Looking ahead, EBOS says it remains committed to expanding its footprint across the healthcare and animal care sectors. Continued investment in technology and infrastructure aims to support organic growth and potential acquisitions.

Management will likely focus on integrating recent acquisitions, improving operational efficiencies, and delivering value for shareholders in a competitive market.

EBOS Group share price snapshot

Over the past 12 months, EBOS shares have declined 50%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post EBOS FY26 earnings: profit edges higher, dividend steady appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The BWP Trust (ASX: BWP) share price is in focus today after the company reported a 3% lift in revenue to $209.3 million and a 53.8% surge in statutory net profit after tax to $408.4 million for the year ended 30 June 2026.

What did BWP Trust report?

• Revenue rose 3.0% to $209.3 million
• Statutory net profit after tax (including fair value movements) jumped 53.8% to $408.4 million
• Funds from operations (FFO) up 4.5% to $140.9 million; FFO per security rose 2.1% to 19.29 cents
• Total FY26 distributions rose 4.1% to 19.41 cents per security
• Net tangible assets per security increased 3.3% to $4.11
• BWP’s credit rating upgraded by Moody’s to A3 (stable)

What else do investors need to know?

BWP Trust continued to focus on its internalised management structure in FY26, aiming to strengthen alignment between the board, management, and securityholders. The company completed several reset activities over the year, including the acquisition of NPR, resets and extensions to major leases, and a $228 million equity raising.

Portfolio activity included the divestment of non-core assets in Morley, Port Kennedy, and Chadstone, as well as ongoing developments at key sites such as Fountain Gate and Broadmeadows. BWP also acquired two fully leased large format retail centres in Queensland and Victoria, directing its strategy towards growth in this sector.

Looking ahead to the AGM on 29 October 2026, BWP is also progressing its planning for compliance with emerging sustainability and climate-related financial disclosure standards.

What’s next for BWP Trust?

Management expects rental income in FY27 to primarily come from well-known tenants in the Wesfarmers Group and national large-format retail operators. Demand for Bunnings Warehouse properties is expected to be steady, underpinned by strong leasing covenants.

BWP has guided to a FY27 distribution of 20.00 cents per security, roughly 3% growth on FY26. Focus areas for the new year include repurposing former Bunnings sites, capturing positive lease reversions, and targeted asset acquisitions, all while maintaining prudent gearing levels and a payout ratio between 90% and 110% of FFO.

BWP Trust share price snapshot

The BWP share price has marginally outperformed the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a modest 4.5% gain.

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The post BWP Trust profit surges as distributions and portfolio quality rise in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Iluka Resources Ltd (ASX: ILU) share price is in focus today after releasing its 2026 half-year results, highlighted by strong cash generation and a reduction in net debt.

What did Iluka Resources report?

• Mineral sands revenue: $433 million (down 22% from HY 2025)
• Underlying group EBITDA: $53 million (down 77%)
• Net profit after tax (NPAT): $(24) million (HY 2025: $92 million)
• Operating cash flow: $247 million (up 115%)
• Free cash flow – mineral sands: $200 million (HY 2025: $(192) million)
• Interim dividend: 3 cents per share fully franked (up 50%)

What else do investors need to know?

Iluka commissioned its Balranald mine, with both mining rigs now operating and focus on improved extraction and recoveries as ramp-up continues. The Eneabba rare earths refinery is progressing as scheduled and within budget, with construction now 60% complete and the project benefiting from its first rare earth offtake agreement and strengthened long-term feedstock supply.

The company’s mineral sands business saw improved cash flows driven by inventory sales and higher zircon prices, enabling a significant reduction in mineral sands net debt from $473 million to $273 million since December 2025.

What did Iluka Resources management say?

Speaking about the results, Iluka’s managing director, Tom O’Leary, commented:

In rare earths, the Eneabba refinery has progressed on schedule and budget. All major equipment has been delivered to site, construction is 60% complete and confidence in the project’s capital estimate has continued to strengthen. In parallel, Iluka entered into its first offtake agreement – covering both light and heavy magnet rare earth oxides – and strengthened the refinery’s long term feedstock position.

What’s next for Iluka Resources?

Iluka remains focused on ramping up operations at Balranald, boosting ore extraction and recoveries. The Eneabba rare earths refinery is on track for commissioning in 2027, with management highlighting the project’s backing and strategic timing amidst global demand for rare earths.

The company will continue to prioritise operational execution and balance sheet strength in the second half of 2026, looking to benefit from a recovering zircon market and progressing growth projects.

Iluka Resources share price snapshot

The Iluka Resources share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 7.5%.

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The post Iluka Resources shares: 2026 half-year earnings results unravelled appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Mirvac Group (ASX: MGR) share price is on the radar today after announcing a 7% lift in operating profit to $508 million and a 6% increase in distributions to $376 million for FY26, both in line with guidance.

What did Mirvac Group report?

• Operating profit after tax rose 7% to $508 million (FY25: $474 million)
• Operating earnings per stapled security up to 12.9 cents (FY25: 12.0 cpss)
• Statutory profit jumped to $677 million (FY25: $68 million)
• Distribution increased 6% to $376 million, or 9.5 cpss
• Net tangible assets per security of $2.33 (up from $2.26)
• Gearing improved to 24.1% from 27.6%

What else do investors need to know?

Mirvac’s residential divisions saw a 15% increase in sales, with 2,130 residential lots settled and gross margins improving to 24%. The commercial and mixed-use portfolio delivered $88 million in EBIT, supported by project completions and new developments.

Occupancy across the investment portfolio was a strong 98%, with like-for-like income growth at 5.3%. The company also completed over $500 million in asset sales, boosting liquidity and helping to recapitalise its funds platform, which now manages over $18 billion in third-party capital. Mirvac announced an on-market buy-back of up to $200 million in securities as part of its capital management strategy.

What did Mirvac Group management say?

Mirvac’s CEO & Managing Director, Campbell Hanan, said:

FY26 was a year of execution, with earnings growth of 7 per cent. Our results today reflect the work we have done over the past three years to reset the business, improve asset quality and drive higher returns.

Importantly, this has been achieved while strengthening our balance sheet, with gearing within our target range at 24.1 per cent, and strong liquidity and credit ratings maintained. Following the progress we have made to reposition the portfolio, strengthen the balance sheet and improve earnings visibility, we have announced an on-market share buy-back of Mirvac securities of up to $200 million. This reflects our confidence in the value embedded in the business, while providing us with flexibility to deploy capital to opportunities where we see the most value for securityholders.

What’s next for Mirvac Group?

For FY27, Mirvac is targeting operating earnings per security of 13.2 to 13.4 cents and a distribution of 9.9 cents, assuming market conditions remain steady. The company aims to settle between 2,800 and 3,100 residential lots in the coming year, with a weighted average cost of debt expected around 5.7%.

Management expects ongoing support from its expanded residential pipeline, growing funds management platform, and new commercial projects. While some uncertainty remains in the market, Mirvac believes it’s well positioned for sustained earnings and NTA growth.

Mirvac Group share price snapshot

It has been a tough 12 months for the Mirvac Group share price over the past 12 months. During this time, its shares have lost 25% of their value. This compares to a 2% gain by the S&P/ASX 200 index (ASX: XJO).

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The post Mirvac Group FY26 earnings: Operating profit and distributions rise appeared first on The Motley Fool Australia.

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