Goodman Group (GMG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Goodman Group FY26 Half-Year Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question and answer session. To ask a question, please press star 1-1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1-1 again. Joining us today is CFO Mr. Nick Brandes. I would now like to hand the conference over to your speaker today, CEO Greg Goodman. Thank you very much, and good morning, everybody. Goodman Group has delivered operating profit of $1.2 billion for the first half of FY26 as we continue to provide essential infrastructure in supply-constrained markets around the world. We're building into strong demand for city locations across both logistics and data centres. Large-scale logistics customers are targeting productivity and efficiency gains through increased automation and consolidation. And data centre customers require low latency, high connectivity, which they are committing to with unprecedented levels of capex spending forecast across the sector. Goodman is set to benefit from these structural shifts, given the quality and location of our sites, our power capacity and our track record of developing complex infrastructure. Power, sites and capital are critical to being able to build into demand and provide delivery certainty for our customers. Our power bank has grown from 5 to 6 gigawatts on sites we own across 16 global cities. The increase is primarily in Australia and continental Europe. And importantly, we've been advancing planning and pre-construction works on sites around the world to provide speed to market. I...