Earnings call transcript: Ingenia posts strong H2 2026 but shares fall

Ingenia reported strong H2 2026 earnings, with Group EBIT rising 18% to AUD 193 million and underlying earnings per security increasing 16% to AUD 0.358. Despite this positive performance, the stock fell 4.69% to $4.06, indicating that investors were more focused on cautious FY27 guidance and the scale of the planned Peet acquisition.

The company's development performance improved significantly, with gross margin reaching 48% and net cash return per lot turning positive. Management highlighted broad-based improvements across its three main businesses, driven by stronger settlements, better margins, and higher occupancy.

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