Latest Desane (ASX:DGH) News

Desane Group Holdings reported a sharp FY26 profit decline as lower property revaluation gains and higher finance costs overwhelmed largely stable rental income. The ASX-listed property group enters FY27 with more cash, conservative gearing and two developments that now need to convert asset value into earnings.

Desane Group Holdings posted a statutory net profit after tax of just $0.02 million for FY26, down sharply from $3.32 million the previous year, while advancing key property developments and maintaining a strong balance sheet.

Desane Group Holdings projects FY26 EBIT between $0.9 million and $1.0 million, a steep drop from $5.4 million last year, ahead of audited results due by month-end.

Desane Group Holdings progresses key developments in Penrith and Leichhardt, with construction milestones and tenant arrangements set to boost recurring income.

Desane Group Holdings has locked in a decade-long lease with a leading national retailer at 322 Norton Street, Leichhardt, underpinning steady rental income and portfolio strength.

Desane Group Holdings reports a modest half-year profit with stable assets and gearing, completes a key property sale, and pushes forward with a major industrial development in Penrith.

Desane Group Holdings Limited reported a solid FY25 profit and declared a special dividend following a key property sale, while advancing major development projects in Penrith and Leichhardt.

Desane Group Holdings posted a $3.3 million net profit for FY25, bolstered by key lease extensions and a $6.2 million property valuation uplift despite ongoing post-pandemic challenges.

Desane Group Holdings Limited reports a solid FY25 with $5.4 million EBIT and $104.8 million in assets, buoyed by strong industrial and logistics property performance amid shifting workforce trends.

Desane Group Holdings has declared a special 2 cent per share dividend following the sale of a key property in Lane Cove, signalling a direct return of capital to shareholders.

Desane Group Holdings has refinanced its corporate debt from Commonwealth Bank to National Australia Bank, increasing funding capacity to $18.8 million and securing improved terms to support its upcoming Penrith industrial development.

Desane Group Holdings has completed the early settlement of its Lane Cove commercial property sale for $8.7 million, freeing capital to pursue fresh investment opportunities aligned with its strategy.