Peet Forecasts Strong Profit Growth in Fiscal 2026

MT Newswires Live

Nov 20, 2025

Peet (ASX:PPC) expects fiscal 2026 net profit after tax of between AU$74 million and AU$78 million, representing growth of 26% to 34% over 2025, supported by strong operational performance and favorable macroeconomic conditions, according to a Thursday filing with the Australian bourse.

Strong residential demand, driven by high migration, limited housing supply, a healthy labor market, and favorable interest rates, supports this outlook, particularly in Western Australia, South Australia, and Queensland, the filing said.

The company holds AU$750 million in contracts on hand as of Nov. 19, up 23% from June, providing clear visibility of its earnings, the filing added.

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