Finbar Group Limited · ASX:FRI
Finbar — H1 FY2026 Earnings Presentation
28 slides from Finbar's earnings presentation, Feb 26, 2026
Slide 1: FY26 Half Year Financial Results
FY26 HALF YEAR FINANCIAL RESULTS 26 FEBRUARY 2026 Riverbank - Rivervale 1
Slide 2: 79 Completed Projects | 7,407 Units
79 COMPLETED PROJECTS | 7,407 UNITS 2
Slide 3: About Finbar
ABOUT FINBAR • Finbar Group Limited, listed on the ASX since 1995, has established a remarkable 30-year profitable track record as Western Australia’s leading apartment property developer. • With a 100% project delivery success rate, Finbar has completed 79 residential and mixed-use developments to
Slide 4: H1 FY26 Results and Operational Highlights
H1 FY26 RESULTS AND OPERATIONAL HIGHLIGHTS 4
Slide 5: H1 FY26 Results and Operational Highlights
H1 FY26 RESULTS AND OPERATIONAL HIGHLIGHTS 5
Slide 6: Financial Results
FINANCIAL RESULTS 6 Garden Towers – East Perth
Slide 7: 1H26 Financial Results: Profit and Loss
1H26 FINANCIAL RESULTS PROFIT AND LOSS 1H26 1H25 Variance % Sales (lots) 409 103 297% 1H26 included the sell-down of inventory, inclusive of land and rental Settlements (lots) 127 298 (57%) income. Prior year revenue was higher due to completion and Revenue $109.4m $218.3m (50%) settlement of two pr
Slide 8: 1H26 Financial Results: Balance Sheet
1H26 FINANCIAL RESULTS BALANCE SHEET 1H26 FY25 Variance % Total assets reduced primarily from stock and assets sell-downs and Total Assets $329.0m $360.2m (9%) investment property revaluation, partly offset by work-in-progress (WIP) growth, land acquisitions, and cash. Net Assets (equity) $254.2m $2
Slide 9: Development Sales Activity
DEVELOPMENT SALES ACTIVITY 9 Palmyra West - Palmyra
Slide 10: Number of Lots Sold and Value (Financial Year)
NUMBER OF LOTS SOLD AND VALUE (FINANCIAL YEAR) • Record $424 million in value sold to-date, up 81% over previous year • Average 2.0 sales per day 333% increase over previous year 450 700 $424 Millions 400 600 350 $329 $334 $304 500 300 $277 $273 $264 $254 400 250 $234 $214 $198 $195 200 300 $167 $15
Slide 11: Total Value of Presale Contracts (Financial Year)
TOTAL VALUE OF PRESALE CONTRACTS (FINANCIAL YEAR) $548 million in total presale contracts: • $529 million in off-the-plan • $12 million in completed stock $600 • $7 million Pelago Karratha Millions $548 $500 $413 $396 $400 $310 $294 $300 $251 $257 $195 $200 $167 $123 FY TO DATE $100 $46 $- FY2016 FY
Slide 12: Completed Stock Sell Down
COMPLETED STOCK SELL DOWN • $85 million in completed stock sell down FY2026 to- date at Civic Heart, Aurora, The Point (excluding Pelago*) averaging $10.6 million per month. $300 Millions Completion $250 Completion $243 Completion Completion $200 $171 $175 $163 Completion $150 Completion $122 $64 $6
Slide 13: Investors Sales
• Increased owner occupier buyer profile for Q4 resulting from the launch of Palmyra West with a median price of $740,000 INVESTORS SALES • Increased investors for Q1 2026 with the initial pre-launch of Romeo Applecross 80% 70% 68% 58% 60% 55% 53% 53% 53% 48% 50% 46% 45% 45% 44% 43% 41% 40% 36% 37%
Slide 14: First Home Buyers (Calendar Years)
• 23% First home buyers for CY 2026 to-date FIRST HOME BUYERS (CALENDAR YEARS) • Consecutive increase in first home buyer profile since 2023 as a result from developments targeting mid level price offerings. 30% 26% 25% 25% 23% 23% 23% 21% 20% 18% 17% 16% 16% 15% 13% 10% 9% 8% 5% 0% 2014 2015 2016 2
Slide 15: Repeat Buyers (Calendar Years)
REPEAT BUYERS (CALENDAR YEARS) • 22% repeat buyer sales CY 2026 to-date • Strong repeat buyer profile driven through effective leveraging of Finbar Loyalty Club membership and brand capital 120 25% 22% 100 19% 20% 19% 80 15% 15% 15% 13% 12% 12% 60 12% 10% 9% 10% 40 6% 6% 6% 5% 20 3% 1% 2 12 29 26 20
Slide 16: Completed Projects
COMPLETED PROJECTS 16 Aurora - Applecross
Slide 17: Completed Projects
COMPLETED PROJECTS South Perth Rivervale Applecross Karratha Completed June 2024 Completed August 2024 Completed October 2024 Pelago Investment Assets $445m | 334 units $112m | 176 units $159m | 121 units 98% Sold 97% Sold 94% Sold $13m value remaining $6m value remaining $16m value remaining $27m v
Slide 18: Projects Under Construction
PROJECTS UNDER CONSTRUCTION 18 Garden Towers – East Perth
Slide 19: Projects Under Construction
PROJECTS UNDER CONSTRUCTION Belmont East Perth Rivervale Palmyra Anticipated completion 2H26 Anticipated completion 1H27 Anticipated completion 2H27 Anticipated completion 1H28 Construction commencing – March 2026 $114m | 196 units $287m | 343 units $119m | 143 units $98m | 130 units 100% Sold 81% S
Slide 20: Projects in Pipeline
PROJECTS IN PIPELINE 20 Romeo - Applecross
Slide 21: Projects in Pipeline
PROJECTS IN PIPELINE LOT 888 Railway Parade Applecross Rivervale West Leederville Anticipated completion 1H29 Anticipated completion 2H28 Anticipated completion 2H29 $183m | 155 units $71m | 108 units $232m | 237 units 13% sold pre-launch Launch to market 1H27 Launch to market 1H27 Launch to market
Slide 22: Projects in Pipeline
PROJECTS IN PIPELINE Lyall Street ABC Heritage Bowman Street South Perth East Perth South Perth \\ Anticipated completion FY30 Anticipated completion FY31 Anticipated completion FY32 $203m | 187 units $142m | 151 units $372m | 303 units Launch to market 2H27 Launch to market 2H28 Launch to market 1H
Slide 23: Five Year Development Pipeline
FIVE YEAR DEVELOPMENT PIPELINE 2026 Deliverables: • Completion of Bel-Air Apartments in 2H26 • Completion of Garden Towers in 1H27 • Completion of Riverbank Residences in 2H27 • Construction of Palmyra West to commence in March 2026 • Romeo Applecross launch 14 March 2026. Construction commencement
Slide 24: Outlook
OUTLOOK 24
Slide 25: Strategic Growth Summary: Delivering WA's Housing Needs
STRATEGIC GROWTH SUMMARY Delivering WA’s Housing Needs Focused Growth in Apartments WHERE WE BUILD – Elevating the standard of inner-city living • Prime, walkable, transit-connected precincts across metropolitan Perth • Designed to enhance lifestyle, community and accessibility HOW WE COMPETE – Trus
Slide 26: Market Outlook
MARKET OUTLOOK Current State of the Western Australian Residential Market – Key Trends & Insights • Strong Migration: Continued interstate and overseas migration with annual net increase of 10,288 and 40,406 respectively, equating to around 1,000 people per week. Western Australia led all states and
Slide 27: Market Outlook: Capital Cities by Value Segment
MARKET OUTLOOK Capital cities by Value Segment – Quarterly change (3 months to January 2026) Cotality’s Monthly Housing Chart Pack February 2026 highlights that the lowest 25% and middle 50% of market values continue to see the fastest appreciation in the Perth market. Reinforces affordability is a
Slide 28: Important Notice
Important Notice finbar.com.au Future performance and forward-looking statements This announcement contains certain forward-looking statements with respect to the financial condition, results of operations, projects and business of Finbar and certain plans and objectives of Finbar. Forward-looking s