The Eureka Group Holdings Ltd (ASX: EGH) share price is in focus today as the company delivered a 29% jump in underlying EBITDA to $21.7 million, and posted a 24% rise in revenue to $56.7 million for FY26.
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What did Eureka Group report?
- Revenue up 24% to $56.7 million (FY25: $45.8 million)
- Underlying EBITDA climbed 29% to $21.7 million, above guidance
- Underlying profit before tax rose 23% to $14.7 million
- Statutory net profit after tax fell 17% to $16.7 million
- Assets under management increased 29% to $500 million
- Final dividend of 0.73 cps, full-year dividend steady at 1.46 cps (unfranked)
What else do investors need to know?
Eureka continued to scale its all-age rental segment, with homes in this division rising to 1,357 from 436 the year before. The group now has over 4,000 homes across 61 communities, with occupancy rates staying strong at 97% for seniors and 95% for all-age rentals.
Net tangible assets per security increased by 4.9% to 57.7 cents. The company's balance sheet remains robust, with a loan-to-value ratio of 34.2%, comfortably inside internal and bank limits. Eureka also executed a Sustainability Terms Deed Poll, converting $180 million of debt facilities into Social Loans supporting its affordable housing focus.
What did Eureka Group management say?
Simon Owen, Managing Director and Chief Executive Officer said:
FY26 was the year our second earnings growth engine – all age rental – came online. We integrated seven new communities while delivering strong results in the seniors' portfolio and finished above the top of our guidance range on both underlying measures. We enter FY27 with a significantly larger portfolio, a funded development pipeline and the same priority we have had throughout, which is to add well-managed homes in markets where the opportunity is the greatest.
What's next for Eureka Group?
Looking forward, Eureka has guided for underlying earnings per share of at least 3.9 cents for FY27, forecasting at least 13% growth on FY26's result. The company notes that FY27 has started on a strong foot, with three acquisitions already announced that will add 589 more homes and sites.
Eureka is also focused on delivering over 800 new rental homes through its development pipeline, including both modular expansions and greenfield opportunities. Management says balance sheet discipline and new capital partnership options will remain key priorities.
Eureka Group Holdings share price snapshot
Over the past 12 months, Eureka Group shares have risen 25%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
