Highlights

• Fleetwood completed the sale of its RV Solutions division on 1 September 2026, leaving two continuing segments from FY27.

• Community Solutions lifted EBIT to $50.0 million on revenue of $93.8 million, with Searipple Village occupancy reaching 96 percent.

• Full-year dividend totalled 19.0 cents per share fully franked, alongside $4.2 million of buy-backs and closing cash of $61.5 million.

• Building Solutions holds a $156 million order book and targets revenue growth above 5 percent in FY27 after closing Smithfield.

Fleetwood Limited (ASX:FWD) finished the 2026 financial year by closing a chapter. The company completed the sale of its RV Solutions division, centred on the Camec business, to Aussie Traveller Pty Ltd on 1 September 2026, days after reporting a year in which one segment carried the group while another absorbed heavy restructuring costs. Shares were trading at A$2.16 on 23 October 2026, up 6.93%.

A Village Business That Did the Heavy Lifting

Community Solutions was the standout in the year to 30 June 2026. Revenue rose to $93.8 million from $76.9 million, and EBIT climbed to $50.0 million from $39.2 million, a margin of 53.3 percent. Occupancy at Searipple Village in Karratha reached 96 percent, up from 84 percent in FY25.

Group revenue fell $30.2 million to $475.0 million. Underlying EBIT slipped to $35.6 million from $37.7 million, and net profit after tax dropped $12.1 million to $2.4 million. Restructuring costs of $29.6 million, which the company described as non-recurring, weighed on the result.

Building Solutions Takes the Restructuring Hit

Building Solutions generated revenue of $323.5 million, down from $356.2 million, and an underlying EBIT loss of $8.7 million against an $11.0 million profit a year earlier. Management pointed to lower first-half revenue, second-half margin pressure on a small number of large projects and $2.7 million of costs on a historical project.

The segment accounted for $15.4 million of the restructuring charge, including the closure of the Smithfield factory in New South Wales. The order book offers some cover at $156 million, compared with $100 million in FY25, and the tender pipeline exceeds $200 million, pending award.

Leaving RV Behind, Returning Cash

RV Solutions revenue fell to $55.9 million from $70.6 million, although underlying EBIT improved to $1.7 million from a loss of $2.8 million. The company ceased local manufacturing and divested the NRV plumbing business before agreeing to sell Camec for $9.5 million, a deal announced on 16 July 2026. RV Solutions becomes a discontinued operation from FY27, leaving Community Solutions and Building Solutions as the continuing segments.

Free cash flow rose $8.9 million to $35.9 million, and closing cash increased $10.5 million to $61.5 million. Fleetwood declared a final dividend of 9.5 cents per share fully franked, taking the full-year payout to 19.0 cents. It returned $21.6 million to shareholders in FY26, comprising $17.4 million in dividends and $4.2 million in buy-backs.

Separately, Chief Financial Officer Cate Chandler resigned on 28 September 2026 to take an external opportunity. Her final date will be confirmed in due course, and the board has begun a search for a successor.

FY27 Targets and Contracted Cover

For Community Solutions, contracted Searipple occupancy for FY27 stands at 72 percent, with additional bookings of 10 to 20 percent expected across the second half. For Building Solutions, the company is targeting revenue growth of more than 5 percent. More than 65 percent of the segment's revenue comes from long-term panel agreements, and the Smithfield closure is expected to cut the annualised fixed cost base by $8 million to $9 million from the second quarter of FY27.