Ingenia Communities (ASX:INA) FY26 Profit Rises 45%, EPS and EBIT Beat Guidance

Sonal Goyal

25 August 2026 07:21 PM AEST

Ingenia Communities (ASX:INA) FY26 Profit Rises 45%, EPS and EBIT Beat Guidance

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Key Highlights

Revenue increased 8% to $555.32 million, while EBIT rose 18% to $193.4 million.
Underlying EPS increased 16% to 35.8 cents and exceeded the company's FY26 guidance range.
Statutory profit rose 45% to $186.4 million, while full-year distributions remained unchanged at 9.6 cents per security.
FY27 guidance targets EBIT and underlying EPS growth of 0-10%, with residential market conditions expected to influence settlement activity.

Ingenia Communities Group (ASX:INA) entered its FY26 results announcement with its securities closing at $4.26 on 21 August, up 0.24% on the previous session but down 0.70% over the preceding seven days. The security remained 31.29% below its 52-week high of $6.20 recorded on 26 August 2025 and 14.21% above its 52-week low of $3.73 reached on 5 June 2026.

FY26 Revenue and Earnings

Group revenue increased 8% to $555.32 million in FY26. EBIT rose 18% to $193.4 million, exceeding the company's previously stated guidance range of $180.5 million to $188.7 million.

Underlying profit increased 16% to $145.8 million, while underlying EPS rose 16% to 35.8 cents. The EPS result exceeded the company's guidance range of 32.5 cents to 34.0 cents.

Statutory profit increased 45% to $186.4 million. Operating Cash Flow also increased, reaching $152.5 million, up 5% from FY25. The company said higher borrowing costs offset part of the contribution from land Lease home sales and operating activities.

Development Activity Expands

Ingenia recorded 573 new home settlements across its operations and Joint Venture during FY26, an increase of 10% from the prior year. The average home sale price on Ingenia projects increased to $681,000 including GST.

The Lifestyle development Business reported EBIT of $80.7 million, up 9%. Gross home sales Margin increased to 48%, while net cash per lot improved to $15,000 from negative $6,000 in FY25.

The development pipeline was extended to approximately 8,800 potential new land lease home sites. During the year, Ingenia invested $174 million in development activity and commenced six new greenfield projects. Three mature projects were completed, including Lifestyle Freshwater.

Rental and Holidays Businesses

Lifestyle Rental generated EBIT of $49.9 million, an 8% increase from FY25. Rental growth reflected additional homes entering the portfolio and contracted rent increases. Average rent increases on reviews were 3.5% during the year, while operating costs increased above the CPI base.

Ingenia Gardens recorded EBIT of $11.3 million, representing a 6% increase. The business maintained high occupancy, with rate growth and cost efficiencies contributing to its result.

Ingenia Holidays reported EBIT of $63.2 million, up 9%. Tourism rental income increased 12%, supported by higher occupancy and rates. The company also added Kinka Beach and Conway Beach to its portfolio and invested in additional cabins at existing parks.

Capital Management and Distributions

Ingenia reported gearing of 31% and Interest Cover of 4.08 times at 30 June 2026. Cash and available undrawn Debt stood at $175 million.

Total growth Investment during FY26 was $240 million. This included $174 million in development projects, $15 million for a 29-hectare land lease greenfield site at Townsville and $15.6 million for holiday park acquisitions.

The Group declared a final distribution of 4.8 cents per stapled security, scheduled for payment on 17 September 2026. This takes the FY26 distribution to 9.6 cents per security, unchanged from FY25.

FY27 Guidance

For FY27, Ingenia is targeting EBIT growth of 0-10%, equivalent to a range of $193.4 million to $212.8 million. Underlying EPS is also targeted to increase by 0-10%, producing a range of 35.8 cents to 39.3 cents.

The company said residential market conditions have included moderating buyer enquiries, longer sales journeys and reduced market activity. It also expects a higher proportion of settlements to come from Ingenia itself as its first Joint Venture project reaches completion.

Asset recycling is also part of the Capital program, with the sale of approximately $125 million of lower-growth Assets described as well progressed. The proceeds are intended to provide capacity for further development and other growth initiatives.

Conclusion

Ingenia Communities' FY26 results recorded increases across revenue, EBIT, underlying profit, underlying EPS, statutory profit, operating cash flow and new home settlements. Development activity represented an increasing component of the group's operating performance, while Lifestyle Rental and Holidays continued to contribute recurring and operating earnings. The unchanged 9.6-cent annual distribution and the 0-10% FY27 Earnings growth target provide the principal financial parameters for the next year, while softer residential demand, higher operating costs and borrowing costs remain part of the company's stated operating environment.

FAQs

Q: What was Ingenia Communities' FY26 revenue?

A:Group revenue was $555.32 million, an increase of 8% from FY25.

Q: How much did Ingenia's underlying EPS increase in FY26?

A:Underlying EPS increased 16% to 35.8 cents, exceeding the FY26 guidance range of 32.5 cents to 34.0 cents.

Q: What was Ingenia Communities' FY26 statutory profit?

A:Statutory profit was $186.4 million, up 45% from FY25.

Q: What distribution did Ingenia declare for FY26?

A:The total FY26 distribution was 9.6 cents per stapled security, unchanged from FY25. The final distribution is 4.8 cents per security.

Q: What is Ingenia's FY27 earnings guidance?

A:Ingenia is targeting EBIT and underlying EPS growth of 0-10%. This corresponds to EBIT of $193.4 million to $212.8 million and underlying EPS of 35.8 cents to 39.3 cents.

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