Mirvac Group (MGR) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Mervac Group's FY26 Results Briefing. At this time, all participants are in listen-only mode. After the presentation, there will be a question and answer session. To ask a live audio question, press the Request to Speak button at the top of the broadcast window. The broadcast will be replaced by the audio questions interface. Press Join Queue and, if prompted, select Allow in the pop-up to grant access to your microphone. If you have any issues asking a question via the web, A phone line is also available. Dial-in details can be found on the Request to Speak page or on the home page under Asking Audio Questions. The audio queue is now open and you may join at any point during the meeting. Please be advised that today's conference is being recorded. It is now my pleasure to hand you over to Mirvac's CEO and Managing Director, Campbell Hannan. Well, good morning everyone and thank you for joining us for our full year results presentation. Joining me is our CFO, Courtney Smith, our CEO Investments, Richard Seddon, and our CEO Development, Stuart Penclas. I'd like to begin by acknowledging that we are presenting to you today from Gadigal land, and I'd like to pay my respects to Elders past and present. At our half-year results, we spoke about the momentum that was building across all parts of our business. This momentum has continued into the second half, and we have executed on all of our priorities for the year. Our operating profit of $508 million is up 7% on PCP. NTA has returned to growth and our statutory profit has improved, reflecting better returns across all asset classes. And all of this has been achieved with gearing below the midpoint of our target range at 24.1%. We set a clear strategy three years ago and we are delivering on this strategy, whic...