Australia · Delayed Price · Currency is AUD Aspen Group Earnings Call Transcripts
Fiscal Year 2026
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Strong FY 2026 results with 17% pre-tax income growth, 31% EBITDA increase, and upgraded FY 2027 guidance to 240 settlements. Margins expanded, rental demand remains robust, and new acquisitions plus major development approvals support future growth.
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Underlying EPS rose 33% and NAV 6% for the half, with strong margin expansion and upgraded FY 2026 and FY 2027 EPS guidance. Growth is driven by affordable housing demand, development activity, and disciplined capital allocation, with risks from rising tax rates and project timing.
Fiscal Year 2025
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EPS and NAV grew 22% and 14% year-over-year, with strong rental and development profit growth. FY2026 guidance targets 10% higher net rental income, 30% higher development profit, and continued margin expansion, supported by a robust balance sheet and long-term supply pipeline.
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Comprehensive income and EPS grew strongly, with robust rental and development performance driving a 20% return on equity. Upgraded guidance reflects higher settlements and development profit, while gearing and liquidity remain strong. Growth opportunities are most attractive in WA and South Australia.