Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • FY25 OEPS of CNI came in at 12.2 cps, exceeding guidance and up 4.3% on FY24.

  • Group AUM increased to AUD 20.6 billion as at 30 June 2025.

  • Centuria launched Australia’s first public sovereign AI Factory and AI Marketplace through ResetData.

Centuria Capital Group (ASX:CNI) has reported its financial results for the year ended 30 June 2025 (FY25), recording Operating Earnings Per Security (OEPS) of 12.2 cents per security. This result outperformed the Group’s FY25 guidance and was 4.3% higher than FY24.

The company declared a distribution per security (DPS) of 10.4 cps for FY25, representing a 4% increase from FY24. For FY26, Centuria has provided guidance of OEPS of 13.4 cps, an expected increase of 10% compared with FY25, while DPS is projected to remain at 10.4 cps.

Total operating revenues for FY25 were AUD 355 million. Operating NPAT was AUD 100.8 million, underpinned by recurring revenues from property funds management. Property and development finance increased to AUD 27 million, up from AUD 14.2 million in FY24, supported by continued expansion in assets under management (AUM). The Group’s AUM reached AUD 20.6 billion, with real estate finance AUM increasing to AUD 2.3 billion.

Centuria’s Net Asset Value (NAV) was reported at AUD 1.79 per security. Net operating cash inflows of AUD 128.4 million exceeded Operating NPAT, supported by AUD 32.4 million in performance fee cash collections.

As at 30 June 2025, Centuria held cash and undrawn debt of AUD 347 million. Balance sheet operating gearing remained stable at 12.3%. The Group also increased its pro forma weighted average debt maturity to 3.2 years, compared with 2.3 years at June 2024. During the second half of FY25, Centuria secured an additional AUD 100 million of liquidity, with the repayment of ASX-listed redeemable notes expected in October 2025. Following this repayment, weighted average debt maturity is expected to extend to 4.1 years, with pro forma Group margins projected below 300 basis points.

In FY25, Centuria also expanded its presence in AI-enabled technology solutions. Its subsidiary ResetData launched Australia’s first public sovereign AI Factory and AI Marketplace, adding to the Group’s range of complementary revenue streams.

Looking ahead, Centuria stated that it is targeting more than AUD 1 billion of real estate acquisitions in FY26. The Group’s outlook notes improved real estate market conditions, with the potential for higher relative returns to investors across retail, wholesale and institutional networks.

Centuria’s co-CEOs, Mr. John McBain and Mr. Jason Huljich, commented that the Group aims to capture investor demand by delivering high-conviction assets, expanding real estate transaction volumes, and growing real estate finance products. The Group also plans to continue launching new real estate funds, including listed vehicles as equity capital markets open further.

Based on stable market conditions, Centuria reaffirmed its FY26 guidance of OEPS of 13.4 cps and DPS of 10.4 cps.