Ingenia Communities Group (ASX:INA) Announces Strong H1 Results and Upgraded FY25 Guidance
Financial Performance
Ingenia Communities Group (ASX:INA) reported revenue of $256.9 million for the first half of 2025, a 21% increase compared to H1 2024. EBIT rose by 48% to $86.2 million, and underlying earnings per share grew 58% to 16.9 cents. Statutory profit reached $87.6 million, up 106% on the prior year.
Development Activity
The Group settled 258 new homes in H1 2025, a 47% increase from H1 2024, supported by an extensive pipeline of 5,225 development sites. Development activity is accelerating, with new projects contributing to revenue growth and an expanded rent base.
Executive Comments
John Carfi, CEO and Managing Director, said, “We are seeing the benefits of our clear strategy and the changes to our organisational structure and operating model begin to emerge. This was reflected in a strong first half result and greater visibility to our second half, which allowed us to upgrade guidance in January.”
Dividend and Outlook
The Group declared a half-year distribution of 5.2 cents per stapled security, expected on March 27, 2025. FY25 guidance has been upgraded with an EBIT target of $162-$165 million and underlying EPS of 29.0 to 30.0 cents, up from previous estimates.
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