Lendlease Posts $122m Operating Profit, Accelerates Capital Recycling Drive

• Operating Profit after Tax (OPAT) surged to $122 million, reversing prior losses
• Capital recycling initiatives announced or completed total $2.2 billion, targeting $2.8 billion for FY25
• Statutory profit after tax of $48 million despite $74 million negative investment property revaluations
• Gearing at 27%, expected to decline materially in second half of FY25 with $1.7 billion contracted inflows