Highlights

  • Peet expects FY26 NPAT of AUD 74–78M, indicating year-on-year earnings expansion.
  • Market demand remains supported by migration, supply limits, and labour conditions.
  • Contracts on hand reach about AUD 750M, reflecting higher year-to-date activity.

Peet Limited (ASX:PPC) has released earnings guidance for the financial year ending 30 June 2026 (FY26). The Company expects FY26 Net Profit After Tax to fall within AUD 74M to AUD 78M, depending on prevailing market conditions and settlement timing across its project pipeline. This projected range represents anticipated earnings growth of approximately 26% to 34% compared with FY25 outcomes.

The guidance reflects the Company’s year-to-date operational performance and its assessment of current demand conditions across the residential property sector. Peet stated that the outlook is shaped by factors influencing buyer activity, delivery schedules, and the progression of its development portfolio across multiple states and territories.

Market Setting and Demand Influences

Peet noted that its FY26 expectations are supported by a range of macroeconomic elements affecting residential demand. Elevated overseas migration continues to contribute to population growth, while housing supply remains limited across many regions. Labour market conditions have remained favourable, and first-home-buyer participation has been assisted by available government initiatives.

The Company also observed that State and Territory markets are progressing through different points in their respective housing cycles. Demand levels are currently higher in Western Australia, South Australia, and Queensland, where activity has remained consistent.

Operational Settings Across Key Portfolios

Peet attributed its FY26 expectations in part to the operational results recorded across its regional portfolios. The Company indicated that its Western Australia and Queensland operations have delivered the most notable activity so far in FY25. As of 19 November 2025, Peet reported holding approximately AUD 750M in contracts on hand, an increase of 23% from the position at 30 June 2025, providing visibility into its forward earnings profile.

Share Price Snapshot

PPC was trading 5.54% higher at AUD 2.00 per share as of 20 November 2025.