Annual Reports
Access our latest financial results, annual reports, and strategic overviews.
FY25 Results Overview
Performance Highlights
Underlying Profit (PBT)
Total Revenue
Underlying EBITDA
NTA Per Share
Underlying EPS
3.13cps +4%
Operating Cash Flow
$10.8m +33%
Valuation Uplift
$18.6m
Chairman & Group CEO’s Letter
"Eureka Group’s performance in FY25 reflects strong operating metrics with the business now beginning to quickly scale to leverage the solid foundation set over the past several years."
Our build-to-rent portfolio is ideally positioned in the current housing market environment with affordable rental offering significant growth opportunities underpinned by continuing high demand for low-cost, quality rental accommodation.
Dividend Declaration
The Board declared a full year’s dividend of 1.46 cents per share, unfranked, reflecting our commitment to returning value to shareholders.
Capital Management
$70 Million Capital Raise
Proceeds from November 2024 raise to be fully deployed by end of 2025.
Debt Refinancing
Core debt facility upsized to $185 million with 18.5% gearing ratio.
Asset Divestment
Planned divestment of $25-30m non-core assets to reinvest in growth.
Our Rapidly Scaling Portfolio
Total Villages
Total Units
All-Age Rental Sites
Target Occupancy
Strategic Growth Strategy
Targeting 5,000 units across affordable markets within the next 3 years.
Organic Growth
- Rent Growth: Target CPI+ growth each year.
- Expansions: 8 communities identified with 650+ unit capacity (12.5% return).
- Ownership: Consolidating 4 majority owned villages to 100%.
External Growth
- Acquisitions: $46m acquired since capital raise (6 mixed-use villages).
- Funds Management: Expand platform for recurrent fee income.
- Scalability: Targeting total future portfolio of 3,684 sites.