Finbar marks 30 years with strong financials, $1bn pipeline, new CEO

Finbar Group Limited reported a total comprehensive income of $14.4 million for the year ended June 30, 2025, with revenue increasing to $284.5 million from $194.3 million in 2024. The company declared a final fully franked dividend of 2.0 cents per share. Key projects, "The Point" in Rivervale and "Aurora" in Applecross, were successfully completed, contributing to 351 lot settlements valued at $352 million.

Finbar maintains a robust project pipeline valued at over $1 billion, including "Riverbank Residences," "Palmyra West," and "Romeo Applecross." "Garden Towers" and "Bel-Air Apartments" are currently under construction, with strong pre-sales. The company's focus on inner-city Perth residential developments and sustainable design practices positions it favorably to address Western Australia's housing shortage.

The board also oversaw a leadership transition, with Ronald Chan appointed as the new chief executive officer. The company emphasizes its long-standing relationships with key partners and a disciplined approach to financial management, ensuring continued growth and value creation for shareholders.