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EarningsQ2 2026 Earnings Report
AU:GMG Q2 2026 EPS Results
Actual EPSAU$0.58
Consensus EPSAU$0.54
Beat/MissBeat by +AU$0.04
One Year Ago EPSAU$0.64
AU:GMG Q2 2026 Revenue Results
Actual RevenueAU$1.19B
Expected RevenueAU$1.58B
Beat/MissMissed by -AU$398.70M
YoY Revenue Growth-5.49%
Earnings Announcement Details
QuarterQ2 2026
Date02/18/2026
TimeAfter Close
Conference CallWednesday, February 18, 2026
AU:GMG Upcoming Earnings
Goodman Group's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AU:GMG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and strategic progress — including $1.2 billion operating profit, an expanded power bank, growing WIP (to ~$18bn), major development partnerships, low gearing and healthy liquidity — positioning Goodman to capture data center and logistics demand. Key challenges include a material drop in transactional/performance management income, FX and hedging volatility, lower near-term development completions and limited pre-leasing on many data center projects. Management emphasized a disciplined partnering approach, maintained EPS growth guidance (9% target for FY26) and confidence in funding and delivery, suggesting positives outweigh the near-term headwinds.Company Guidance
Strong Operating Profit
Reported operating profit of $1.2 billion for H1 FY26, a little higher than management had expected at the prior quarter.
Material Growth in Work in Progress (WIP)
Work in progress is on track to increase from $14.4 billion to approximately $18 billion by June (≈+25%), with data center projects providing around 500 MW underway by June.
Power Bank Expansion
Owned powered land bank increased from 5 GW to 6 GW across 16 global cities (+20%), with the increase primarily in Australia and Continental Europe and ongoing planning/preconstruction to speed market delivery.
Large-Scale Capital Partnerships Established
Established a $14 billion data center development partnership in Europe and a $2 billion logistics partnership in the U.S., with another partnership expected in Australia; partnering strategy intended to accelerate development while recycling capital.
AUM and Fee Revenue Momentum
Total portfolio value of $87.4 billion at Dec; $75 billion external AUM and stabilized third-party AUM averaged $69 billion in the period (up over $4 billion vs prior corresponding half). Fee revenue was just over 0.9% of average stabilized third-party AUM, broadly in line with long-term expectations.
Improved Investment and Rental Income
Investment earnings were up $54 million overall (after a $5 million adverse FX effect); direct property net rental income increased by $59 million, largely due to higher directly owned assets following the Americas reorganization.
Strong Balance Sheet and Liquidity
Gearing remained low at 4.1% with $5.2 billion of liquidity (cash + undrawn lines) after funding acquisitions and CapEx; management reiterated a target operating EPS growth of 9% for FY26 and the ability to operate gearing within 0–25% policy range.
Development Completions and Leasing
$2.5 billion of developments completed in the half, with ~87% of those completions already leased, supporting near-term income conversion.
AU:GMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed