Peet Raises Fiscal 2026 Net Profit After Tax Guidance; Shares Gain 7%
MT Newswires Live
May 28
Peet (ASX:PPC) raised its fiscal 2026 net profit after tax guidance to between AU$98 million and AU$100 million from a previous range of AU$86 million to AU$90 million, according to a Thursday filing with the Australian bourse.
The new outlook represents earnings growth of 67% to 71% compared with fiscal 2025, per the filing.
The company attributed the upgrade mainly to continued strong market conditions across Western Australia and Queensland, as well as an acceleration of its construction program that helped it bring product to the market sooner than expected.
Peet's shares gained 7% in recent Thursday trade.
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