The Ingenia Communities Group (ASX: INA) share price is in focus as the company reaffirmed guidance at the top of its range and reported a first-half statutory profit of $97.4 million, up 11% year-on-year.
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What did Ingenia Communities report?
- Revenue: $257.3 million (1H25: $256.9 million)
- EBIT: $85.0 million, down 1%
- Underlying profit: $62.1 million, underlying EPS 15.2c (down 10%)
- Statutory profit: $97.4 million, up 11%
- New homes settled: 248 in 1H26
- Half-year distribution: 4.8 cents per stapled security, payable 26 March 2026
What else do investors need to know?
Ingenia maintained a pronounced second-half skew, with accelerating development settlements expected to support results in the remainder of FY26. The business is targeting FY26 EBIT between $180.5 and $188.7 million, aiming for delivery at the top of this guidance range.
The Group invested $88 million during the half in development projects, new site acquisitions, and growth, including expanding its development pipeline through a new site in Townsville and progressing seven further sites in due diligence.
Both the residential (Living) and Holidays arms saw solid momentum. Lifestyle Rental EBIT rose 6% to $25.7 million, and Holidays EBIT improved 10% to $31.5 million, reflecting resilient demand, higher occupancy, and rate growth, despite higher costs in marketing and utilities.
What's next for Ingenia Communities?
Management reaffirmed that the Group is on track to deliver FY26 results at the top of the guidance range, aided by a strong pipeline and increased activity expected in the second half. Two new communities, including the expanded Latitude One, should contribute to settlements and earnings in FY26.
Industry demand drivers—like an ageing population and the housing shortage—continue to support Ingenia's outlook. The company currently has 440 deposits and contracts in place and is commencing new projects, setting up a strong runway for growth heading into FY27.
Ingenia Communities share price snapshot
Over the past 12 months, Ingenia Communities shares have declined 20%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
