Stock Analysis

• Reported net profit after tax was $92.4 million, down 5.2%, while profit before tax was $123.0 million.

• At the time of the FY2026 results, those properties represented about 14 per cent of Arena's annual rental income.

• Yet group EBIT was a loss of $125.2 million, compared with a profit of $113.4 million a year earlier, and the statutory net result was a loss of $53.6 million, against a profit of $89.7 million.

• Operating expenses rose 18.9% to $489.6 million, andDepreciationandAmortisationclimbed 40.1% to $67.8 million.

• Underlying net profit after tax (NPAT) rose 12.2% to $224.6 million, from $200.2 million a year earlier.

• Underlying net profit after tax was $433 million, up 24%, while statutory net profit was $362 million, up 19%.

• Normalised EBITDA, which strips out items the company treats as non-recurring, was $225.6 million, up 12%.