Half Year 2026 Winton Land Ltd Earnings Call Transcript

Feb 19, 2026 / 09:00 PM GMT

Release Date Price: NZ$1.94

Transcript

Key Points

Positve

Winton Land Ltd (ASX:WTN) completed the Northbrook Wanaka Wellness Spa and commenced construction of Stage 2 at Northbrook Wanaka.
The company launched successful residential projects in Northlake Stage 15F and North Ridge Stage 7, both of which have sold well.
Commercial revenue increased by 67.4% in H1FY26 due to improved occupancy at Cracker Bay and all venues being open.
Gross margin improved from 22% in the prior period to 35% in the first half of FY26.
The company has a strong landbank pipeline with an expected yield of about 5,750 units.

Negative

Revenue for the first half of FY26 was $32.4 million, a 60% decrease from $81.1 million in H1FY25.
The company settled only 14 units in H1FY26, a significant decrease from 90 units in the corresponding period.
Winton Land Ltd (ASX:WTN) reported a net loss after tax of $0.9 million in H1FY26, compared to a loss of $2 million in the prior period.
The board paused paying a dividend to maintain financial discipline during softer market conditions.
Economic conditions remain challenging with rising unemployment and a subdued property market in New Zealand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WIN.NZ - Winton Land Ltd
Half Year 2026 Winton Land Ltd Earnings Call
Feb 19, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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E.

Thank you for standing by and welcome to the Winton Land Limited full year 2026 interim results. All participants will be in a listen-only mode. There will be a presentation followed by a question-and-answer session.

If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Chris Meehan, Chief Executive Officer. Please go ahead.

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Unidentified_2 [2]
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Thank you. Good morning, and thank you for joining us today for Winton's

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