Centuria Capital Group's full-year operating profit lifts 6.5% to $101m
Make us a preferred source
Make us a preferred source on Google
The news: Real estate fund manager Centuria Capital Group reported a 6.5% increase in operating profit after tax to $100.84 million for the 2025 financial year.
The numbers: The operating profit result was up from the $94.66 million reported last year and market estimates of $99.9 million, according to Visible Alpha data. Operating earnings per share came in at 12.2 cents, 4.3% higher than FY24 and above FY25 guidance.
However, profit after tax fell 19% to $82.67 million, compared to $102.14 million in FY24.
Group assets under management were worth $20.6 billion at the end of FY25, lower than the $21.1 billion figure at the end of FY24.
Final distributions of 5.20 cents per share were broadly in line with expectations and higher than last year's final distribution of 5 cents. The total FY25 distribution came to 10.4 cents, higher than the previous year's 10 cents.
For FY26, Centuria is guiding operating earnings per share of 13.4 cents per share and total distributions of 10.4 cents per share.
Centuria shares were up 3.3% to $2.02 at 12:20pm AEST, taking annual gains to around 25%.
The context: Centuria's joint CEO Jason Huljich said the fund manager benefitted from $800 million of equity inflow cross capital raisings and institutional commitments. Centuria also made a 50% investment in cloud services and AI provider ResetData in August 2024.
ResetData has launched an AI marketplace and the AI-F1 data centre which is optimised for large-scale, parallel AI computation.
What they said: "Improved market conditions have enabled Centuria to outperform on its initial FY25 earnings guidance and position the Group to commence FY26 with a double-digit earnings growth forecast targeting more than $1 billion in real estate acquisitions," Huljich said.
The source: ASX
