Cedar Woods Properties Ltd
ASX:CWP
Cedar Woods Properties Ltd
Cedar Woods Properties Ltd. engages in property investment and development. The company is headquartered in Perth, Western Australia and currently employs 93 full-time employees. The firm's principal interests are in urban land subdivision and built form development for residential, commercial and retail purposes. Its diversified product mix ranges from land subdivisions in residential communities, to medium and high-density apartments and townhouses in inner-city neighborhoods and supporting retail and commercial developments. Its portfolio of assets is located in Western Australia, Victoria, Queensland and South Australia. The firm's projects include The Brook at Byford, The Rivergums at Baldivis, Byford on the Scarp, Harrisdale Green, Banbury Village, Jackson Green, Williams Landing Residential, Williams Landing Town Centre, Ellendale, Greville and Bushmead. Its subsidiaries include Cedar Woods Properties Harrisdale Pty Ltd, Cedar Woods Properties Investments Pty Ltd, Cedar Woods Properties Management Pty Ltd and Cedar Woods Property Sales Pty Ltd.
Cedar Woods Properties Ltd. engages in property investment and development. The company is headquartered in Perth, Western Australia and currently employs 93 full-time employees. The firm's principal interests are in urban land subdivision and built form development for residential, commercial and retail purposes. Its diversified product mix ranges from land subdivisions in residential communities, to medium and high-density apartments and townhouses in inner-city neighborhoods and supporting retail and commercial developments. Its portfolio of assets is located in Western Australia, Victoria, Queensland and South Australia. The firm's projects include The Brook at Byford, The Rivergums at Baldivis, Byford on the Scarp, Harrisdale Green, Banbury Village, Jackson Green, Williams Landing Residential, Williams Landing Town Centre, Ellendale, Greville and Bushmead. Its subsidiaries include Cedar Woods Properties Harrisdale Pty Ltd, Cedar Woods Properties Investments Pty Ltd, Cedar Woods Properties Management Pty Ltd and Cedar Woods Property Sales Pty Ltd.
Record Profit: Cedar Woods reported a record first-half net profit after tax of $39.6 million, up 164% from last year.
Strong Revenue: First-half revenue reached $275 million, 40% higher than the previous period.
Guidance Raised: Full-year net profit growth guidance increased to 30–35%, up from the previous minimum of 20%.
Margin Expansion: Gross margin rose to 31% from 26%, driven by price growth and lower marketing costs.
Solid Presales: Presale contracts totaled $748 million at year-end, 16% higher year-over-year, supporting revenue into FY '27 and beyond.
Healthy Balance Sheet: Net bank debt was reduced by 40%, and liquidity topped $189 million at December 31.
Favorable Market Conditions: Ongoing housing undersupply, strong policy support, and robust demand are expected to continue benefiting the business.
