Lendlease Group (LLESF,LLC.AX), an Australian construction and real estate company, on Monday reported a net loss for the first half, amidst a decline in revenue.
For the six-month period to December 31, 2025, the company reported a net loss of A$318 million, or 46.1 cents per share, compared with a profit of A$48 million, or 7 cents per share, in the same period last year. This includes non-cash negative investment property revaluations and impairments of A$118 million, primarily in the U.S., UK, and Singapore.
Loss from operating activities was A$310 million as against a profit of A$175 million a year ago. Other expenses moved up to A$449 million from A$347 million in the prior year.
Revenue declined to A$2.839 billion from A$4.527 billion in the previous year, reflecting a drop in revenue from almost all businesses. Revenue from the provision of services was A$2.705 billion, less than A$3.496 billion a year ago. Revenue from the sale of development properties plunged to A$78 million from last year's A$968 million.
The company will pay an interim distribution of 6.2 cents per unit on March 18. The record date for this distribution is March 2.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.