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Mirvac Accelerates Residential Sales, Confirms FY25 Earnings Guidance
9:01am on Friday 14th of February, 2025 AEDT
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Real Estate
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Mirvac Accelerates Residential Sales, Confirms FY25 Earnings Guidance
9:01am on Friday 14th of February, 2025 AEDT
Key Points
Operating profit of $236 million for 1H25, slightly down from prior year
Residential lot sales up 51%, with pre-sales reaching $1.9 billion
Strong balance sheet with pro forma gearing at 26.3% and $1 billion liquidity
Living sector EBIT surged to $26 million from $2 million in 1H24
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