Charter Hall Group (CHC) H1 2026 earnings summary

Executive summary

• Operating earnings for H1 FY26 reached AUD 239 million, up 21.6% year-over-year, with EPS up 22.9% to 81.4cps and DPS up 6% to 24.8cps, reflecting strong momentum across all business segments.

• Statutory profit after tax was AUD 272.8 million, up from AUD 95.4 million in the prior period, driven by operating earnings and positive property revaluations.

• Funds under management (FUM) rose to AUD 92.2 billion pro forma, with property FUM up to AUD 73.6 billion and group FUM sector allocation led by Industrial & Logistics and Office.

• Record gross equity inflows of AUD 4.8 billion in H1, surpassing any previous full-year period.

• The Group early adopted AASB 18, measuring all investments at fair value through profit or loss, with prior periods restated.

Financial highlights

• Operating earnings after tax for H1 FY26 were AUD 238.8 million, up 21.6% year-over-year, with statutory EPS at 57.7 cents and NTA per security at AUD 5.54.

• PI EBITDA grew 23.7% to AUD 168.9 million, DI EBITDA rose 48% to AUD 38.1 million, and FM EBITDA was AUD 142.3 million.

• Funds management revenue was AUD 272.2 million, with transaction and performance revenue up 70.5%.

• Balance sheet gearing remained low at 7.7%, with available cash of AUD 225 million and AUD 1 billion investment capacity.

• After-tax annualized return on contributed equity reached 23%.

Outlook and guidance

• FY26 post-tax operating earnings per security guidance upgraded to AUD 1.00, representing 23% growth over FY25, and DPS guidance for 6% growth, continuing a 15-year record.

• Guidance excludes performance fees; further upside possible if equity inflows and deployments exceed expectations.

• FY26 guidance assumes no material change in current market conditions; forecasts are subject to uncertainty and contingencies.