Centuria Capital Group has outperformed its FY25 earnings guidance, reporting a 4.3% rise in operating EPS and announcing ambitious FY26 growth targets alongside the launch of Australia’s first public sovereign AI Factory.
- FY25 operating EPS of 12.2 cents, 4.3% above guidance
- Group AUM reaches $20.6 billion with $1 billion targeted acquisitions in FY26
- Launch of ResetData’s AI Marketplace and sovereign AI Factory
- Strong balance sheet with $347 million cash and stable gearing at 12.3%
- Positive outlook with 10% OEPS growth forecast and steady DPS
Strong FY25 Performance Exceeds Expectations
Centuria Capital Group (ASX, CNI) has delivered a robust FY25 financial result, surpassing its initial earnings guidance with an operating earnings per security (OEPS) of 12.2 cents, marking a 4.3% increase over the prior year. The group declared a distribution per security (DPS) of 10.4 cents, also up 4% from FY24, underscoring steady income growth for investors.
Operating net profit after tax rose to $100.8 million, supported by stable recurring revenues from property funds management and a notable increase in property and development finance income, which nearly doubled to $27 million. Centuria’s assets under management (AUM) climbed to $20.6 billion, reflecting strong acquisition and capital raising activity.
Strategic Growth and Capital Deployment
The group’s balance sheet remains solid, with $347 million in cash and undrawn debt and a stable gearing ratio of 12.3%. Centuria successfully recycled $194 million from asset sales into growth initiatives, including its expanding ResetData technology division and Centuria Bass Credit platform. The weighted average debt maturity extended to 3.2 years, with plans to repay redeemable notes by October 2025, further strengthening financial flexibility.
Real estate acquisitions totaled $2.9 billion during FY25, with a focus on alternative sectors such as agriculture, healthcare, and real estate finance. Centuria Bass Credit’s AUM grew 21% to $2.3 billion, reflecting the firm’s expanding footprint in mid-market real estate finance. Capital inflows remained strong, with $0.5 billion raised from retail and wholesale investors and $0.3 billion from institutional commitments, including partnerships with BGO and UBS.
Innovation Through ResetData and AI Initiatives
Centuria’s investment in ResetData marks a significant diversification into technology. Since acquiring a 50% stake in August 2024, ResetData has launched Australia’s first public sovereign AI Factory and AI Marketplace, positioning Centuria at the forefront of AI-enabled cloud services. The AI Factory, equipped with NVIDIA-certified GPU clusters, is designed for large-scale AI computation and has commenced customer testing, with revenue generation expected from Q2 FY26.
This technology venture is anticipated to provide scalable earnings growth, complementing Centuria’s core real estate business. The group’s leadership highlights ResetData’s potential to unlock new revenue streams as Australian corporates increasingly adopt AI solutions.
Positive Outlook Amid Market Inflection
Looking ahead, Centuria projects a 10% increase in OEPS to 13.4 cents for FY26, with DPS expected to remain steady at 10.4 cents. The group plans to accelerate real estate transactions, targeting over $1 billion in acquisitions, and expand its real estate finance products. The improved market conditions and investor appetite provide a favourable backdrop for growth.
Centuria’s listed industrial and office REITs reported valuation gains and strong leasing activity, reinforcing confidence in the underlying assets. The group also continues to advance its ESG commitments, with improved gender diversity on the board and progress towards sustainability targets.
Bottom Line?
Centuria’s blend of real estate expertise and AI innovation sets the stage for a dynamic FY26, but execution risks remain amid evolving market conditions.
Questions in the middle?
- How will ResetData’s AI initiatives impact Centuria’s earnings mix over the next few years?
- What are the risks if real estate market conditions shift unexpectedly in FY26?
- Can Centuria sustain its capital raising momentum amid rising interest rates?