Australian Unity Office Fund (AOF) H1 2026 earnings summary

Executive summary

• Unitholders approved the disposal of the main undertaking and delisting from the ASX on 17 December 2024, with the fund proceeding to sell its remaining property and return proceeds to unitholders.

• The fund is in the process of winding up, with only one property remaining as of 31 December 2025.

Financial highlights

• Statutory loss for the half-year ended 31 December 2025 was $3.2 million, a significant improvement from a $26.8 million loss in the prior year.

• Net Tangible Assets (NTA) per unit decreased to $0.42 from $0.44 at 30 June 2025.

• Rental income for the half-year was $788,000, down from $5.7 million year-over-year.

• Funds From Operations (FFO) was negative $332,000, compared to positive $945,000 in the prior year.

• Distributions declared for the half-year totaled $15.5 million.

Outlook and guidance

• The fund is marketing its sole remaining property, 150 Charlotte Street, Brisbane, and is in discussions for a potential sale at $40 million, with no certainty of completion.

• No distribution guidance is provided due to the absence of a sale contract.

• Upon sale completion, the fund will seek unitholder approval to proceed with delisting and winding up.