Peet Ltd reported a record net operating profit of $103.4 million for fiscal year 2026, up 77% year-over-year and slightly above the top end of its guidance range of $98 million to $100 million. EBITDA rose to $162 million from $105 million, with the margin expanding to 36% from 24%, driven by price increases across the portfolio. The company declared a final dividend of $0.065 per share, bringing total FY26 dividends to $0.13 per share, up 68% from the prior year. Contracts on hand reached $851 million at June 30, 2026, up from $612 million a year earlier, providing confidence for FY27. Net debt fell to $201.3 million from $243.6 million, and gearing dropped to 24.8% from 27.5%. Development projects contributed 44% of earnings, while funds management contributed 56%, and Western Australia and Queensland together accounted for 76% of earnings. The company noted a moderation in buyer sentiment due to interest rate rises and cost-of-living pressures, but CEO Brett Fullarton said titled stock is not ramping up in key markets and the company still sells everything it releases. Peet has returned $293 million to shareholders since FY18 through dividends and buybacks, though the buyback is currently paused.
Pilgrims Pride CorpRecord FY26 net operating profit up 77% to $103.4M, above guidance, with EBITDA margin expanding to 36% and higher dividend
