Lendlease has posted a return to profitability in FY25, signalling a turnaround that strengthens its position in the Australian housing and construction market.
The group reported a statutory profit after tax of $225 million and operating profit after tax of $386 million, following a $1.5 billion loss the year before.
“Our FY25 result reflects significant progress in simplifying the group and refocusing on our core capabilities across investments, development, and construction, to drive long-term value for securityholders,” group CEO Tony Lombardo (pictured) said.
“As we move into FY26, we will continue to prioritise capital recycling to strengthen our balance sheet, return capital to securityholders and fund disciplined growth in accordance with our capital allocation framework.”
For mortgage brokers, the standout is Lendlease’s stronger pipeline in Australian housing and construction:
The group highlighted key completions at One Sydney Harbour, along with the sale of Capella Capital, as major drivers of development earnings.
Lendlease also accelerated its capital recycling program, announcing or completing $2.5 billion of initiatives in FY25, with another $2 billion targeted in FY26. Much of this is being redirected into the group’s Australian housing and construction projects, reinforcing local market growth.
The group has now fully exited international construction, lowering risk and enabling greater focus on the domestic market.
With gearing expected to fall to or below 15% by the end of FY26, Lendlease has positioned itself for a more resilient and growth-focused role in Australia’s property and housing markets.
For brokers, Lendlease’s stronger footing signals more housing supply, reduced settlement risk, and ongoing demand for finance solutions.
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