Key Highlights

  • The company reported a FY26 statutory loss after tax of AUD 749 million and an operating loss after tax of AUD 567 million.
  • The Investments, Development and Construction business reported AUD 542 million of segment EBITDA and EPS of 33.7 cents, at the top of guidance.
  • Construction generated AUD 167 million of segment EBITDA and a 4.3% EBITDA margin.

On 27 October 2026, Lendlease Group (ASX:LLC) was quoted at AUD 2.40 down 1.24% in intraday trading. Lendlease Group is a real estate investment, development and construction group with activities in Australia and overseas. Its 17 August 2026 announcement provides the principal operating and financial information discussed below. The intraday movement is presented separately from that earlier announcement, without attributing the trading change to its contents.

FY26 group result

In its 17 August 2026 results release, Lendlease Group (ASX:LLC) provided the following update. The company reported a FY26 statutory loss after tax of AUD 749 million and an operating loss after tax of AUD 567 million. The reported statutory result included AUD 182 million of negative investment-property revaluations and impairments, predominantly in the Capital Release Unit.

The figures relate to the reporting period specified by the company, rather than to the October trading session. Where prior-year figures are supplied, the comparison refers to the corresponding company reporting period. This distinction is important because market quotations and published accounting results describe different points in time.

Core investment development construction business

In its 17 August 2026 results release, Lendlease Group (ASX:LLC) provided the following update. The Investments, Development and Construction business reported AUD 542 million of segment EBITDA and EPS of 33.7 cents, at the top of guidance. It secured AUD 2.4 billion of raised and committed capital through vehicles and mandates.

These operating measures form part of the company's description of its underlying property or service business. They measure a specific reported activity and should be read with the relevant definitions and qualifications in the presentation. The release does not establish that any single measure caused the subsequent share-price movement.

Construction recovery

In its 17 August 2026 results release, Lendlease Group (ASX:LLC) provided the following update. Construction generated AUD 167 million of segment EBITDA and a 4.3% EBITDA margin. Revenue rose 29% from FY25, new work secured increased to AUD 6.4 billion from AUD 5.0 billion and backlog revenue reached AUD 8.4 billion, up 42%.

The company's presentation also separates ongoing property activity from transactions and valuation changes. Portfolio figures may be affected by acquisitions, disposals, development completions and changes in assessed asset values. The reported amounts and comparative periods are retained here without projecting additional outcomes.

Capital Release Unit transactions

In its 17 August 2026 results release, Lendlease Group (ASX:LLC) provided the following update. The Capital Release Unit recorded segment EBITDA of negative AUD 500 million, including non-recurring items. Contracted CRU transactions in FY26 totalled AUD 1.2 billion, while management identified approximately AUD 2.5 billion in remaining invested capital to release.

The development programme is subject to the steps identified in the release, including customer arrangements, planning, delivery and available capital where applicable. A stated target, identified site or opportunity should not be treated as a completed project unless the company describes it that way.

Funding and portfolio actions

In its 17 August 2026 results release, Lendlease Group (ASX:LLC) provided the following update. Statutory net debt stood at AUD 3.7 billion and gearing was 30.3%. Available liquidity was AUD 4.0 billion. The group reported more than 20% overhead cost reductions and an FY26 exit net overhead run-rate of about AUD 350 million.

Forward-looking figures are management guidance or targets, not completed results. They remain subject to the assumptions and conditions stated in the release. Debt, liquidity and gearing figures describe the reported balance-sheet position and do not imply a recommendation or a share-price forecast.

About the Company and Business Overview

Lendlease Group (ASX:LLC) is a real estate investment, development and construction group with activities in Australia and overseas. Its reported activities and operating measures reflect the nature of those assets and services. The company's published results distinguish operating earnings, distributions where relevant, asset information and capital management. The presentation dated 17 August 2026 provides the detail used in this article; no later company announcement is assumed here.

Risks and Catalysts on Watch

For Lendlease Group (ASX:LLC), the key items for subsequent reporting include implementation of projects or operational initiatives already identified, financial performance in the next reporting period and updates to any published guidance. Financing costs, occupancy or customer activity, construction and transaction timing, and changes in the valuation of assets may be relevant depending on the company's operations. These are monitoring subjects rather than forecasts of share performance. Targets discussed above remain subject to the limits set out in the 17 August 2026 report.

What the Results Establish

The 17 August 2026 announcement describes Lendlease Group's financial and operational position for its stated reporting period and identifies specific activities underway. The figures above are company-reported results, guidance and operational disclosures, not an interpretation of the trading move on 27 October 2026. Future company releases will establish how the programmes and metrics develop after the reported period.