Lendlease FY26 slides: construction recovery offset by $749m loss
Lendlease Corporation Limited (ASX:LLC) presented its full-year 2026 results on August 17, 2026, revealing a tale of two businesses: a recovering core operation and a legacy portfolio still weighing heavily on group performance. The Australian property and infrastructure giant reported a statutory loss after tax of $749 million, a sharp reversal from the $225 million profit in FY25, even as its Investments, Development and Construction (IDC) segments delivered earnings at the top end of guidance.
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Lendlease Corporation Limited (ASX:LLC) presented its full-year 2026 results on August 17, 2026, revealing a tale of two businesses: a recovering core operation and a legacy portfolio still weighing heavily on group performance. The Australian property and infrastructure giant reported a statutory loss after tax of $749 million, a sharp reversal from the $225 million profit in FY25, even as its Investments, Development and Construction (IDC) segments delivered earnings at the top end of guidance. The market response was swift and negative, with shares falling 7.12% to $3.00, down from the previous close of $3.23. The stock now trades near the lower end of its 52-week range of $2.40 to $5.95, reflecting investor concern about elevated debt levels and the slow pace of capital recycling from the company’s Capital Release Unit (CRU).
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- Lendlease Corporation Limited (ASX:LLC) presented its full-year 2026 results on August 17, 2026, revealing a tale of two businesses: a recovering core operation and a legacy portfolio still weighing heavily on group performance. The Australian property and infrastructure giant reported a statutory loss after tax of $749 million, a sharp reversal from the $225 million profit in FY25, even as its Investments, Development and Construction (IDC) segments delivered earnings at the top end of guidance.
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Lendlease FY26 slides: construction recovery offset by $749m loss
Sources1TypeCoverageInvesting.com · Company News