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The latest announcement is out from Cedar Woods Properties Limited ( (AU:CWP) ).
Cedar Woods Properties Limited reported a record first-half FY26 net profit after tax of $39.6 million, up 163% on the prior period, driven by a 40% rise in revenue to $274.8 million and an improved gross margin of 31%. The company declared a 40% higher fully franked interim dividend of 14 cents per share, supported by low gearing of 10%, strong interest cover, and more than $170 million in undrawn finance facilities.
Presales rose 16% to $748 million, significantly de-risking second-half settlements and providing visibility into FY27, with well over half of forecast FY27 revenue already presold. Management upgraded full-year FY26 profit guidance to NPAT growth of 30–35% and signalled further profit growth into FY27, underpinned by strong enquiry and record sales volumes across all states amid a national housing shortage, robust economic conditions and active first-home-buyer demand.
Operationally, Cedar Woods achieved record first-half sales of 859 lots and dwellings, with Western Australia leading demand for affordable land and conditions strong or improving in Queensland, South Australia and Victoria. Construction is progressing across multiple townhouse, apartment and commercial projects, including eight apartment buildings under way, many strongly presold, which should support future earnings and reinforce the company’s market position in key growth corridors.
The most recent analyst rating on (AU:CWP) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Cedar Woods Properties Limited stock, see the AU:CWP Stock Forecast page.
More about Cedar Woods Properties Limited
Cedar Woods Properties Limited is an Australian residential and mixed-use property developer listed on the ASX. The company operates across Western Australia, Victoria, Queensland and South Australia, focusing on land lots, townhouses, apartments and commercial strata assets, with a strong presence in affordable housing and built-form projects aligned to population and housing demand trends.
Average Trading Volume: 137,492
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$685.7M
See more data about CWP stock on TipRanks’ Stock Analysis page.