Aspen Group
APZ.ASXReal Estate
Commercial property investment.
Market Data
$4.710
-0.0%$1.1B
17.2x
$0.279
2.19%
-0.0%
Latest Earnings
Appendix 4D and Interim Financial Report December 2025
19 February 2026
Aspen Group delivered strong half-year results with revenue up 37% to $70M and underlying operating earnings surging 51% to $24.3M. The affordable accommodation provider benefited from portfolio expansion, rising rents, and accelerating development sales, while maintaining a conservative gearing ratio of 18%. Key points: Revenue increased 37% to $70M driven by portfolio expansion and higher rents; Underlying Operating Earnings surged 51% to $24.3M with strong operational leverage; Development profit jumped 87% to $10.2M with settlements up 60%
Recent Announcements
Becoming a substantial holder
Vanguard Group (The Vanguard Group, Inc. became a substantial holder (8.331%).
Notice of ceasing to be substantial holder from MFG
MFG ceased to be a substantial holder.
Aspen Group - 1HFY26 Financial Results Presentation
Aspen Group delivered strong half-year results with underlying EPS up 33% to 10.7 cents, driving a 10% dividend increase to 5.5 cents. The company upgraded FY26 guidance significantly, with earnings guidance raised 7% to 21.5 cents per share, reflecting accelerated growth in both rental income and development profits. Management is optimistic about future prospects, providing initial FY27 guidance of 25.0 cents EPS, up 16% on upgraded FY26 guidance. Key points: Underlying EPS grew 33% to 10.7 cents, well ahead of expectations; Development revenue nearly doubled to $31.8m with realised development profit up 87% to $10.2m; Net rental income increased 22% to $20.9m with NRI margin expanding to 55%
Appendix 4D and Interim Financial Report December 2025
Aspen Group delivered strong half-year results with revenue up 37% to $70M and underlying operating earnings surging 51% to $24.3M. The affordable accommodation provider benefited from portfolio expansion, rising rents, and accelerating development sales, while maintaining a conservative gearing ratio of 18%. Key points: Revenue increased 37% to $70M driven by portfolio expansion and higher rents; Underlying Operating Earnings surged 51% to $24.3M with strong operational leverage; Development profit jumped 87% to $10.2M with settlements up 60%
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