Aspen Group (ASX:APZ) Announces FY25 Financial Results
Financial Performance
Aspen Group reported robust financial results for FY25, with underlying EPS increasing by 22% to 16.8 cents per security and net asset value (NAV) per security growing by 14% to $2.54. The company’s net rental income rose by 14% to $35.0 million.
Development and Rentals
Development profits surged by 47% to $12.72 million, supported by higher settled sales and improved margins. Rental revenue increased by 9% to $67.4 million, while net rental income grew by 14%.
Balance Sheet and Outlook
Aspen strengthened its balance sheet, reducing net financial debt by 46% to $87 million and increasing NAV to $545.6 million. For FY26, the company forecasts a 10% increase in net rental income and a 38% rise in development profit.
Dividend Declaration
Aspen Group declared dividends of 10.0 cents per security, up 18% from FY24.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aspen Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
