Lendlease Group (ASX:LLC): How Did Development Earnings and Capital Recycling Affect FY26?

Aditi Sarkar

29 October 2026 09:35 PM AEDT

Lendlease Group (ASX:LLC): How Did Development Earnings and Capital Recycling Affect FY26?

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Key Highlights

For the 29 October 2026 trading session, Lendlease Group (ASX:LLC) recorded a 1.75% increase, with its quoted price at AUD 2.33.
Transactions continued to progress in CRU , with $ 1.2b contracted in FY26 .
New Group Chief Executive Officer, Nick O’Neil, will commence in his role on 24 August 2026, to take Lendlease’s strategy forward.

Lendlease Group (ASX:LLC) operates in the Australian property and real-assets sector, with its activities examined through the reporting periods covered in its financial disclosures. For the completed 29 October 2026 trading session, Lendlease Group (ASX:LLC) was quoted at AUD 2.33, up 1.75% for the day. This article reviews the company’s reported operating performance, property portfolio activity, financial measures and management’s stated plans. Results are described by their specific reporting periods so that historical outcomes are not presented as new events.

Financial Results and Operating Measures

Investments ’ focus was on delivering performance and liquidity for investors , while also adding $2b of funds under management (FUM) product and generating transaction earnings .

3 Construction • Segment EBITDA of $167m, reflects a significant recovery in earnings and margin.

4 Group net finance costs of $194m remained elevated at FY26 due to delayed receipt of capital recycling proceeds and capital expenditure required to advance Development projects and international development projects within CRU .

A h igher opening net debt balance will me an interest expense s will remain elevated in to FY27 .

Outlook 4 FY2 7 is anticipated to be a stronger year for IDC earnings , with guidance of 37 -41 cents per security supported by pre -sold apartment revenues in Development and continued growth in Construction .

Property Portfolio and Tenant Activity

Consistent with prior disclosure, no specific FY 27 earnings guidance is provided for CRU.

2 2026 Full Year Results – August 2026 Acknowledgement of Country As an investor, developer, builder and manager of assets on land across Australia, we pay our respects to the Traditional Owners, especially their Elders, past and present, and value their custodianship of these lands.

11 2026 Full Year Results – August 2026 Group commentary IDC Segment Operating EBITDA • Strong recovery in Construction and broadly stable Investments performance, supported by transactions.

12 2026 Full Year Results – August 2026 Investments • The focus of Investments in FY26 was on delivering performance and liquidity for investors.

No tax benefit recognised for FY26 losses in US and UK Financial performance – Capital Release Unit 1 1.

Transactions and Capital Management

Calculation excludes the benefit o f $ 0.9b of hybrid securities issuance completed in FY26.

19 2026 Full Year Results – August 2026 FY27 financial outlook 1 Focused on growing and improving the performance of IDC segments, while balancing value realisation and speed of execution within CRU .

Business Priorities and Operating Context

11 2026 Full Year Results – August 2026 Group commentary IDC Segment Operating EBITDA • Strong recovery in Construction and broadly stable Investments performance, supported by transactions.

12 2026 Full Year Results – August 2026 Investments • The focus of Investments in FY26 was on delivering performance and liquidity for investors.

Outlook and Reported Measures

Calculation excludes the benefit o f $ 0.9b of hybrid securities issuance completed in FY26.

Key Insights

Lendlease Group (ASX:LLC) is examined through its reported financial outcomes, property operations and development or capital-management activities. The figures in the article relate to the periods identified in the relevant sections; future objectives are distinct from completed transactions and historical results. No tax benefit recognised for FY26 losses in US and UK Financial performance – Capital Release Unit 1 1. Calculation excludes the benefit o f $ 0.9b of hybrid securities issuance completed in FY26.

FAQs

Q: What is the ASX ticker for Lendlease Group?

A: The ticker is ASX:LLC.

Q: What share price was recorded for ASX:LLC on 29 October 2026?

A: AUD 2.33, with a daily movement of +1.75%.

Q: Which financial periods are discussed for ASX:LLC?

A: The article identifies the reporting periods alongside the relevant reported figures.

Q: What business activities are covered for Lendlease Group (ASX:LLC)?

A: The discussion covers the reported asset portfolio, business operations and financial performance.

Q: How are prospective plans for ASX:LLC described?

A: Company-stated objectives and guidance are distinguished from completed operational results.

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