Peet Limited posts strong FY25 results, projects 26%-34% NPAT increase

Peet Limited reported strong financial results for FY25, with net operating profit increasing by 60% to $58.5m and operating earnings per share rising 61% to 12.48c. The board declared a fully franked final dividend of 5.00 cents per share, bringing total dividends for FY25 to 7.75 cents per share, up from 4.25 cents in FY24. The company’s share price grew 112% since June 30, 2022, reflecting disciplined capital management and a strong balance sheet.

A strategic review, led by Goldman Sachs, affirmed Peet's focus on large masterplanned communities, particularly on the East Coast, and a cost optimisation program resulting in a $6 million annual reduction in overheads. Operational highlights include 2,768 lots sold and 2,642 lots settled, with contracts on hand valued at $612m as of June 30, 2025, and approximately $750m as of November 19, 2025. This momentum supports a projected FY26 NPAT of $74m – $78m, a 26%-34% increase from FY25.

Hurose Pty Ltd ceased to be a substantial holder in Peet Limited on November 26, 2025, following a series of share sales including 10,000,000 ordinary shares for $20,000,000. This change coincides with Peet Limited's positive outlook, driven by favourable market conditions, strong population growth, and constrained housing supply in Australia.