CVC Limited returns to profit, driven by property acquisitions
CVC Limited announced a net profit after tax of $0.5m for the year ended June 30, 2025, a substantial improvement from the $2.5m loss in 2024. Total income surged by 70.3% to $40.2m, while underlying NPAT saw a remarkable increase of 125.5% to $1.2m. Net assets per share remained steady at $1.49, with the Board's assessment indicating underlying asset values closer to $2.95 per share on a post-tax basis.
The company strategically expanded its industrial property presence in FY2025 with approximately $187m in acquisitions across Victoria, including premium sites in Laverton North and Truganina, as well as data center opportunities in South Morang. Significant planning milestones were achieved, such as the rezoning approval for Officer South and the commencement of the Derrimut Fields Precinct Structure Plan, positioning multiple projects for near-term development.
Despite no ordinary dividends being paid this year, CVC Limited successfully raised $15m through additional note issuance, demonstrating continued market confidence in its strategy and ensuring financial flexibility for future capital commitments.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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