Highlights

  • Lendlease delivered FY26 IDC Earnings of 33.7 cents per stapled security, reaching the top of its previous guidance range overall.
  • Construction achieved an EBITDA Margin of 4.3%, while the development pipeline expanded to AUD 13.2 billion during the year overall.
  • Management lifted FY27 IDC earnings guidance to 37–41 cents per security following its annual financial and operational performance review overall.
  • New group chief executive Nick O’Neil took the role in August 2026 as Lendlease continued its Business transformation program overall.

Lendlease Group released its FY26 full-year results on 17 August 2026, reporting IDC earnings per stapled security of 33.7 cents — at the top of its guidance range of 28–34 cents — and IDC operating profit after tax (OPAT) of $233 million from the Investments, Development and Construction segments. The result demonstrated meaningful progress in Lendlease's strategic simplification program, with construction recovering strongly, the development pipeline restocked, and FY27 IDC EPS guidance upgraded to 37–41 cents per security.

Construction Recovery and Development Pipeline

Construction achieved an EBITDA margin of 4.3% in FY26, staging a significant recovery from prior-year losses and contributing materially to the IDC result. Lendlease secured $4.0 billion in new construction work during the year, while the development pipeline was restocked to $13.2 billion — providing substantial runway for future earnings. The pipeline encompasses inner-city mixed-use precincts, communities, commercial assets, and infrastructure across Australia and selected international markets.

Statutory Result and Capital Release Unit

Lendlease's statutory profit was impacted by impairments and costs associated with the Capital Release Unit (CRU), which is executing the divestment of non-core Assets as part of the company's strategic simplification. While CRU losses weighed on the statutory result, IDC operations — Investments, Development and Construction — performed strongly throughout the year. The company divested its Australian communities business to Stockland and Supalai for A$1.06 billion in a prior period, and continues to target further asset recycling to strengthen its balance sheet.

FY27 Outlook and New Leadership

Looking ahead, Lendlease upgraded FY27 IDC EPS guidance to 37–41 cents per security — a meaningful step up from FY26's 33.7 cents — reflecting confidence in construction momentum and upcoming development completions. New Group CEO Nick O'Neil commenced on 24 August 2026, taking the helm of the simplification strategy and pipeline execution. With $13.2 billion in development pipeline and gearing targeted to fall toward 15%, Lendlease is building the operational and financial platform for sustained earnings growth beyond FY27.

Stock Price Information

On 6 November 2026, Lendlease Group (ASX:LLC) shares recorded a change in price. For current pricing, refer to the ASX website or your broker platform.