Finbar delivers robust FY25 Result
- Aug 21, 2025
- 2 min read
We are pleased to announce a full-year Net Profit after Tax of $14.38 million for the financial year ended 30 June 2025. On an underlying basis, excluding yearly variations in property valuations and one-off disposals, underlying NPAT was $16.17 million, an improvement of 16% over the prior year.
These results were driven by the settlement of $352 million in sales value across 351 lots, underpinned by the completion of The Point and Aurora projects, together with strong sales from the completed Civic Heart development in a robust WA real estate market.
Finbar has developed a strong five-year development pipeline with well-located sites, positioning the Company for sustained revenue and profit growth. Current projects under construction represent an estimated end value of $390 million, and projects with DA approvals pending market release represent an estimated end value of $363 million. When combined with future plans not yet at these pre-development milestones of circa $261 million, this leads to a total development pipeline value of more than $1 billion.
“Our financial performance in FY25 was solid, and reflects a healthy sales environment for our projects, alongside continued financial discipline to achieve profitable developments. The result has left us with a clearly robust balance sheet, and the capacity to focus on more wholly owned projects for shareholders and capture a larger share of the value created by our development activities. We look forward to delivering on the over $1billion in potential end value from our strong development pipeline, as we continue to remain the leading apartment developer in the vibrant West Australian market." - Finbar CEO, Ronald Chan
We invite you to view the ASX announcement and Presentation to gain a deeper understanding of Finbar's FY25 results, our upcoming project pipeline and strategic direction.
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