Gemlife Communities Group · ASX:GLF
Gemlife Communities — FY2025 Earnings Presentation
35 slides from Gemlife Communities's earnings presentation, Feb 25, 2026
Slide 1: FY25 Results presentation
GemLife Gold Coast FY25 Results presentation 25 February 2026
Slide 2: Acknowledgement of Country and Agenda
GemLife Lighthouse Bay Acknowledgement Agenda of Country PRESENTED BY: Adrian Puljich Ashmit Thakral Founder, Managing Director Chief Financial Officer and Group Chief Executive Officer GemLife acknowledges the Traditional Business overview 3 Custodians of the lands on which our Financial performanc
Slide 3: Business Overview
Business Overview GemLife Palmwoods GemLife Communities Group 3
Slide 4: FY25 Group Overview
FY25 Group Overview Pro Forma Highlights1,2 Development Metrics • In FY25, GemLife released a greater proportion of premium lots with a higher average Home Sale Price. This enabled the Group to outperform Revenue Avg Home Sale Price3 its key financial targets in FY25. • GemLife’s focus on optimising
Slide 5: Business Overview – How We Create Value
GemLife Woodend Business Overview – How We Create Value GemLife is a leading vertically integrated, pure-play Land Lease Community (LLC) developer, builder, owner, and operator for Australians aged over 50. GemLife is a founder-led business drawing on 40 years of experience in the LLC sector. Build
Slide 6: Vertically Integrated Operating Platform
Vertically Integrated Operating Platform GemLife’s internal building capabilities provide significant advantages across the lifecycle of a development. 5 4 3 Site Development and Sales and Community Acquisitions Construction Marketing Operations 2 Key advantages of an internalised building entity: 6
Slide 7: Our Purpose and Values
Our Purpose and Values Built on strong foundations. Driven by people, purpose, and place. GemLife’s success is underpinned by a deep commitment to people – our homeowners, our team, and the communities in which we operate. Our values guide every decision we make and shape how our communities are des
Slide 8: Financial performance
Financial performance GemLife Moreton Bay GemLife Communities Group 8
Slide 9: FY25 Group Results: Year Ended 31 December 2025
FY25 Group Results: Year Ended 31 December 2025 Business momentum in FY25 has delivered Statutory Highlights Pro Forma Highlights1,2 outperformance on key financial results relative to Prospectus forecasts and FY24 earnings. Revenue EBITDA EBITDA Margin • Strong performance in FY25 against FY24 Pro
Slide 10: EBITDA by Segment
EBITDA by Segment FY25 FY24 Change vs Performance vs Each segment outperformed the ($m unless otherwise stated) Pro Forma1 Pro Forma2 Prior Year (%) Prospectus (%) Prospectus and showed strong growth Development compared to FY24. Home Settlement Revenue 259.8 249.5 +4.1% +4.8% Home Build Margin 130.
Slide 11: GemLife – Development
GemLife – Development GemLife continues to deliver strong growth across sales and build margins, Pro Forma Development EBITDA (A$m) with premium home sales driving average sales prices higher. 116.4 • Average Home Build Margin of $418,000 vs Prospectus of $371,0001. 108.4 100.2 • Average Home Sale P
Slide 12: GemLife – Community Operations
GemLife – Community Operations GemLife continues to improve operating profit as the number of occupied homes increases. Number of Occupied Homes at End of Period (#) 2,116 • The average weekly site rental fee1 increased • Stable rental income, with contracted by 7.3% on the FY24 average to $206 (ex
Slide 13: Balance Sheet
Balance Sheet Strong balance sheet maintained – gearing at the middle of the target range supports continued growth. ($m) 31 December 2025 Investment properties Cash and cash equivalents 9.4 • Weighted average capitalisation rate for occupied homes Inventories 88.8 was 5.13% (5.07% at 30 June 2025).
Slide 14: Capital Management
Capital Management Prudent capital management supports balance sheet strength, funding liquidity, and sustainable organic growth. New Debt Maturity Profile 400 Debt facility and hedging 300 • Facility limit of $700m (not including asset finance) was originally scheduled to mature in June 2029. In Fe
Slide 15: Inventory
Inventory GemLife’s capital management and business model allow us to maintain appropriate inventory levels aligned with market demand. • Unconditional buyers typically make progress payments during construction. • GemLife builds additional homes to ensure sufficient supply for customers wanting to
Slide 16: Portfolio Overview
Portfolio Overview GemLife Moreton Bay GemLife Communities Group 16
Slide 17: Gemlife Portfolio Overview
Gemlife Portfolio Overview GemLife’s portfolio consists of 10,431 Sites and 33 Communities1 Communities | Queensland Total Sites Communities Status 1. Bribie Island 415 Active 2. GemLife On Dean (Rockhampton) 57 Under Development 3. Gold Coast 704 DA Approved Pipeline 4. Highfields 446 5. Highfields
Slide 18: Key Community Updates
Key Community Updates Recent Development Approvals Earthworks/Civils Construction Active House Construction (DA) at 5 Communities underway at 7 Communities across 10 Communities • DA for 110 homes at Ballina, NSW • Beachmere, QLD • Elimbah, QLD • Maroochy Quays, QLD • DA for additional 20 homes at N
Slide 19: Key Community Updates (continued)
Key Community Updates (continued) Facilities under construction Settlements Upcoming sales launches • Moreton Bay Country Club, QLD • Woodend, VIC, fully established • Beachmere, QLD • Gold Coast Hill Top Pavilion, QLD • First settlements occurred at Highfields Heights • Cotswold Hills, QLD • GemLif
Slide 20: Outlook and guidance
GemLife Tweed Waters Outlook and guidance GemLife Communities Group 20
Slide 21: GemLife is positioned for long-term growth
GemLife is positioned for long-term growth Key Growth Drivers Sites by Community Status (Number of Sites)1 GemLife Total 33 4,071 4,244 Communities sites under Pipeline of sites 1,698 development & DA Includes 2,546 greenfield sites and 1,698 sites to be acquired. Approved Capital recycled from near
Slide 22: Outlook and Guidance
GemLife Tweed Waters Country Club Outlook and Guidance Focus on delivering active sites, providing identifiable earnings growth over the coming years. • Throughout FY26, upfront infrastructure works are expected to be delivered at several new communities, leading to a greater number of active projec
Slide 23: Q&A
GemLife Rainbow Beach Summer House Q&A GemLife Communities Group 23
Slide 24: Appendix
GemLife Gold Coast Appendix GemLife Communities Group 24
Slide 25: FY25 Income Statement – Statutory to Pro Forma Bridge
FY25 Income Statement – Statutory to Pro Forma Bridge Removal of One Off Incremental Reduced Finance IPO/Restructure Public Company Costs, Expensed and Costs and Aliria Costs and Removal Capitalised to FY25 Portfolio Stamp of Capitalised Investment Property FY25 Statutory Duty Costs1 Management Fees
Slide 26: Balance Sheet as at 31 December 2025
Balance Sheet as at 31 December 2025 Statutory as at Pro Forma as at ($m) 31-Dec-2025 30-Jun-2025 Cash and cash equivalents 9.4 56.9 • Two non-core assets were held for sale. One (valued at $7.85m, pre-sale costs) settled post-reporting date in Inventories 88.8 71.4 February 2026. The other is expec
Slide 27: FY25 Cash Flow Statement – Statutory
FY25 Cash Flow Statement – Statutory FY25 Statutory FY24 Statutory ($m) ($m) Receipts from customers 308.2 276.1 • Operating Cashflows include $18.1m of IPO costs, as Payments to suppliers and employees (257.2) (187.6) well as additional interest costs for the first 6 months of the year prior to the
Slide 28: GemLife Portfolio Overview
GemLife Portfolio Overview Occupied Under DA Approved Greenfield Valuation Communities and Projects1 State Homes1 Development Pipeline Pipeline Total ($m)2 Active Communities Bribie Island QLD 404 – 11 – 415 $85.1 GemLife On Dean (Rockhampton) QLD 5 52 – – 57 $14.0 Gold Coast QLD 124 241 – 339 704 $
Slide 29: GemLife Portfolio Overview (continued)
GemLife Portfolio Overview (continued) Occupied Under DA Approved Greenfield Purchase Price Projects to be Acquired1,2 State Homes Development Pipeline Pipeline Total ($m) Shoal Point QLD – – – 232 232 $13.0 Townsville QLD – – – 550 550 $21.0 Yeppoon QLD – – – 317 317 $13.5 James Creek NSW – – – 333
Slide 30: GemLife – Development – Settlements and Price
GemLife – Development – Settlements and Price Occupied Homes FY25 Occupied Homes Distribution of Home Sale Price (ex. GST) Projects with Occupied Homes 31 Dec 2024 Settlements 31 Dec 2025 of 312 Settlements in FY25 Complete/Completing Projects 89 Bribie Island 404 0 404 77 Pacific Paradise 209 2 211
Slide 31: Environmental, Social and Governance (ESG) at GemLife
Image Caption Environmental, Social and Governance (ESG) at GemLife Energy and climate Operational leadership differentiation • 5-Star Green Star Communities • Homes materially outperform (first land lease community in minimum energy standards Australia). (NatHERS/whole-of-home). • ARENA-backed comm
Slide 32: Attractive Demand and Supply Dynamics
Attractive Demand and Supply Dynamics An ageing population, rising housing prices and affordability pressures are expected to drive downsizing and increased LLC market penetration, resulting in a projected supply shortfall at current build rates. Strong demand dynamics Forecast supply and demand Des
Slide 33: Glossary
Glossary Term Definition Active Community A community with Occupied Homes. Community/Communities A collection of Sites containing Occupied Homes or Homes available for sale or resale, together with common area facilities that are operated and maintained by GemLife. DA Approved Community A project wh
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by GemLife Communities Group (“GemLife”) comprising GemLife Group Ltd Forward-looking statements (ACN 607 629 149) and Equity Trustees Limited (ACN 004 031 298; AFSL 240975) as responsible entity for GemLife Trust This presentation may contain certain "
Slide 35: Contact Information
Contact Information Adrian Puljich Managing Director and Group Chief Executive Officer Ashmit Thakral Chief Financial Officer Ashmit@gemlife.com.au Adam Fairfax Head of IR and Strategy AdamF@gemlife.com.au GemLife Over-50s Lifestyle Communities M1 Connect Level 2, 120 Siganto Drive Helensvale QLD 42
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