Cedar Woods Properties (ASX:CWP) reported presales of more than AU$763 million for the fiscal first quarter, up from presales of more than AU$560 million last year, according to a Wednesday filing with the Australian bourse.

About AU$410 million of the presales is expected to settle in the next fiscal year, with the remaining to be settled across fiscal 2027 and 2028, the filing said.

The company expects a 15% growth in net profit after tax in fiscal 2026, up from its earlier guidance of 10%, leading to a "record" profit and increased dividend distribution, the filing added.