Aspen group boosts earnings guidance, expands portfolio

Aspen Group (ASX:APZ) has raised its FY26 pre-tax underlying earnings guidance to A$20.1 cents per security, a 20% increase from FY25 and 6% above initial guidance, citing robust business momentum. This improved outlook is supported by a 26% rise in net rental income and a 24% increase in development profit for 1Q FY26 compared to 1Q FY25. The company also projects FY26 net rental income to be A$39.0m and development profit to reach A$19.5m.

Amidst these positive financial updates, Aspen Group is acquiring new Sydney headquarters at 99-115 Flinders Street, Surry Hills, for A$8.01m. This mixed-use property will house Aspen's offices and includes leased restaurant space, offering branding opportunities.

Separately, Magellan Financial Group Ltd and its related bodies corporate, including Magellan Asset Management Limited, have increased their substantial holding in Aspen Group. Their voting power rose from 5.09% to 6.12% as of October 14, 2025, through various ‘buy’ transactions totaling A$10,079,482.54, reflecting a notable investment in 2,393,818 additional fully paid ordinary/units stapled securities.