Mirvac Group has reported a remarkable surge in profit alongside solid revenue growth for the half year ended December 2025, signalling strong momentum in its property portfolio.
- Total revenue and other income up 19% to $1.511 billion
- Profit attributable to stapled securityholders soars 31800% to $319 million
- Operating profit after tax rises 5% to $248 million
- Interim distribution per security increased to 4.7 cents
- Earnings per stapled security jump to 8.1 cents from zero
Robust Revenue Growth
Mirvac Group has delivered a strong first half for the 2025 financial year, with total revenue and other income climbing 19% to $1.511 billion. This growth reflects the company’s ongoing success in its property development and investment activities, underpinning its position as a leading player in the Australian real estate sector.
Extraordinary Profit Surge
The standout figure from Mirvac’s results is the staggering 31800% increase in profit attributable to stapled securityholders, which soared to $319 million from a negligible base in the prior corresponding period. While this dramatic percentage gain is partly due to a very low prior period baseline, it nonetheless signals a significant turnaround and improved operational performance.
Steady Operating Profit and Earnings
Operating profit after tax also rose by a solid 5% to $248 million, demonstrating that the company’s core business remains resilient. Earnings per stapled security improved markedly to 8.1 cents, compared to zero in the previous half, highlighting the enhanced profitability now flowing through to investors.
Shareholder Returns and Asset Stability
Mirvac has increased its interim distribution to 4.7 cents per security, up from 4.5 cents, payable on 26 February 2026. This reflects confidence in the company’s cash flow and commitment to rewarding securityholders. Meanwhile, net tangible asset backing per ordinary security remained stable at $2.30, indicating consistent underlying asset value despite market fluctuations.
Looking Ahead
The results have been reviewed by PricewaterhouseCoopers and are accompanied by a detailed interim report that provides further insights into joint ventures and other operational factors. Investors will be keen to monitor how Mirvac sustains this momentum, particularly in the context of evolving market conditions and potential impacts from its joint ventures and associates.
Bottom Line?
Mirvac’s exceptional profit leap and steady revenue growth set the stage for a compelling second half, but investors will watch closely for sustainability.
Questions in the middle?
- What drove the extraordinary profit increase compared to the prior period?
- How will Mirvac’s joint ventures influence future earnings and cash flow?
- Can the company maintain or grow its interim distribution amid market uncertainties?