Cedar Woods Holds FY27 Guidance of About 15% NPAT Growth

Cedar Woods (ASX:CWP) issued a first-quarter update to confirm it remains on track for FY27 guidance of approximately 15% NPAT growth despite softer sales conditions, citing over 90% of forecast FY27 revenue being settled or presold.

NPAT guidance is approximately $75 million. Presales were more than $763 million at 30 September 2026 (pcp: $763 million), of which approximately $380 million are expected to settle in FY27, $316 million in FY28 and $67 million in FY29. The company completed 311 settlements in the quarter, which it says was ahead of budget, against an FY27 target of 1,100 to 1,200 settlements. Gross sales were 167, down 24% on the prior quarter and down 57% on pcp, which Cedar Woods attributes to successive RBA cash rate rises, cost-of-living pressures, taxation reforms, fewer stage releases and lower marketing spend. It says sales have since shown signs of improvement in Q2 to date. Corporate finance facilities total $330 million, and the $15.55 million acquisition of land adjoining its Bushmead estate settled in the quarter, enabling an additional 161 residential lots. The FY26 final dividend of 25 cents per share is payable on 30 October 2026.

The release does not quantify the Q2 sales improvement or state current gearing or drawn debt. Further sites are under negotiation or in formal due diligence, with no terms disclosed.