Centuria Capital Group reported steady revenue for the half-year ending December 2025, while profit after tax attributable to securityholders soared by 238%. The group declared interim dividends reflecting confidence in its financial position.
- Revenue stable at approximately $195 million
- Profit after tax attributable to securityholders up 238% to $49.8 million
- Interim dividend and distribution paid in February 2026
- Net tangible assets per stapled security increased to $0.46
- No changes in control of entities during the period
Steady Revenue Amid Profit Growth
Centuria Capital Group has released its interim results for the six months ended 31 December 2025, revealing a flat revenue performance of $195.3 million, essentially unchanged from the prior corresponding period. Despite this, the group delivered a remarkable 238% increase in profit after tax attributable to its securityholders, rising to $49.8 million. This divergence between revenue and profit growth suggests improved operational efficiencies or favourable non-operating adjustments.
Dividend Confidence Signals Stability
Reflecting its robust profit performance, Centuria declared an interim dividend of 0.70 cents per Centuria Capital Limited share and a distribution of 4.50 cents per Centuria Capital Fund unit, combining to a 5.20 cents payout per stapled security. These payments were made on 25 February 2026, maintaining consistency with prior dividend levels and signalling management’s confidence in the group’s cash flow and capital position.
Asset Base and Structural Overview
The group’s net tangible assets per stapled security edged higher to $0.46 from $0.44 a year earlier, while net assets per security also increased slightly to $1.78. There were no reported acquisitions or disposals of controlled entities during the period, indicating a steady portfolio without major structural changes. Centuria continues to hold interests in key associates such as the Centuria Government Income Property Fund No.2 and the Allendale Square Fund, underpinning its diversified property investment strategy.
Looking Beyond the Headlines
While the headline figures highlight a strong profit surge, the report notes that operating activities exclude non-operating items such as unrealised fair value movements and impairment charges. This exclusion means the underlying operational performance may differ from reported profit growth. Additionally, the Distribution Reinvestment Plan was not available for this period, which could influence investor participation and capital management strategies.
Overall, Centuria Capital Group’s interim results portray a company maintaining steady revenue streams while significantly enhancing profitability and rewarding investors with consistent dividends. The challenge ahead will be sustaining this momentum amid evolving market conditions and ensuring transparency around the drivers of profit growth.
Bottom Line?
Centuria’s impressive profit jump sets the stage for close scrutiny of sustainability and future dividend policies.
Questions in the middle?
- What factors drove the 238% surge in profit despite flat revenue?
- Will Centuria reinstate the Distribution Reinvestment Plan in future periods?
- How sustainable are the current dividend levels amid market uncertainties?