Mirvac Promises Improvement as Residential Earnings Fall 16pc

Mirvac promises improvement as residential earnings fall 16pc

The first of the large listed developers and landlords to report full-year earnings says conditions are already improving as housing picks up.

Mirvac FY25: Over 50s land lease community operator Serenitas a shining light

Sydney-based property group Mirvac has posted a softer residential performance for the year to 30 June 2025, with a fall in settlements and lower gross profit margins seeing operating profit after tax slip to $474 million, down from $552 million in FY24. The ASX 100-listed group, however, recorded a turnaround at the bottom line – reporting a net profit after tax of $68 million, compared with an $805 million loss a year earlier. Mirvac holds a 4…

Mirvac Group FY25 earnings: return to growth in sight

The Mirvac Group Ltd (ASX: MGR) share price is in focus today after the company reported a FY25 operating profit of $474 million and a distribution totalling $355 million, both in line with guidance. What did Mirvac Group report? Operating profit after tax of $474 million (down from $552 million in FY24) Statutory profit of $68 million (FY24: $805 million loss) Operating earnings per stapled security of 12.0 cents Distribution of 9.0 cents per …