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Financial Performance: Lendlease Group reported an operating profit after tax of $386 million, with a statutory profit of $225 million and a significant increase in distributions per security by 44% to $0.23.
Capital Management: The company completed over $2.5 billion in capital recycling transactions and aims for an additional $2 billion in FY26, showcasing strong capital management strategies.
Construction Segment Challenges: Revenue in the construction segment declined by 13% due to project completions and delays, while new work secured amounted to $5 billion, contributing to a backlog revenue of $5.9 billion.
Strategic Outlook: Lendlease is targeting a pipeline of $36 billion in active bids, with confidence in securing projects due to stabilized construction sector inflation and strategic underwriting, despite ongoing challenges in the Chinese market.
