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Finbar Group Limited ( (AU:FRI) ) has issued an update.
Finbar Group posted a first-half FY26 NPAT of $10.6 million, up 12.9%, with underlying NPAT of $12 million, while revenue halved to $109.4 million as it cycled prior project completions. Despite lower revenue, record 1H26 sales of $368 million, $523 million in pre-sales, and an interim fully franked dividend of 2.5 cents per share underscore resilient profitability and strong capital management.
The company reported a record five-year development pipeline exceeding $1.8 billion in end value, supported by $68.9 million in cash and term deposits and reduced debt of $30.5 million. With major projects such as Garden Towers, Bel-Air, Riverbank, and Palmyra West driving pre-sales, and a positive outlook tied to ongoing housing undersupply, Finbar expects FY26 NPAT to rise further, reinforcing its growth trajectory and market positioning in WA’s apartment sector.
The most recent analyst rating on (AU:FRI) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Finbar Group Limited stock, see the AU:FRI Stock Forecast page.
More about Finbar Group Limited
Finbar Group Limited is Western Australia’s leading apartment development company, focusing on residential high-rise and medium-density projects. Listed on the ASX, it targets urban infill and well-located metropolitan sites, positioning itself to benefit from strong local housing demand and a chronic undersupply of apartments.
Average Trading Volume: 160,525
Technical Sentiment Signal: Buy
Current Market Cap: A$216.3M
Learn more about FRI stock on TipRanks’ Stock Analysis page.