Peet forecasts profit boost

Peet has revised its profit forecasts for the 2025 financial year upwards by about 7 per cent, in light of the performance of its property portfolio nationally. 

The Perth-based listed land developer today confirmed that it anticipated a net profit after tax of between $55 million and $58 million, representing an uplift on its previous expectation of between $50 and $55 million. 

Peet managing director and chief executive Brendan Gore said the company’s national portfolio continued to perform well, “underpinned by the continuing implementation of its key growth strategies.”

“The value of the group’s contracts on hand ($721 million) positions Peet well as we move into FY26.” 

The company’s board also expects the full year dividend to be at the upper end of the Group’s payout ratio of 50 per cent to 60 per cent of earnings.

Peet chairman Greg Wall said it was pleasing to see that the implementation of our strategies continues to produce results. 

“The board expects that the strategies will continue to deliver shareholder value and build on the positive momentum across the group,” he said.