Dear Shareholders
The Brisbane Markets Limited Board has finalised and approved the financial results of the company for the financial year ended 30 June 2026.
The company has reported an increase in the underlying net operating profit before tax of 13.9% to $20.18 million. This strong underlying result reflects the strong performance of the core business being the provision of rental and other services to tenants of the Brisbane Markets. There has been continued strong occupancy at the site with a small number of new leases issued during the year. The result reflects an increase in operating revenues together with an overall reduction in site operating costs.
The valuation of the properties held by the company at 30 June 2026 was $427.30 million.
The financial performance of the company is summarised below, including impact of the valuation movement and other adjustments:
| Brisbane Markets Limited Financial Results Summary – 2026 | |||
| 2026 | 2025 | Change | |
| $ million | $ million | ||
| Brisbane Markets Operating Result | 19.22 | 17.66 | |
| Perth Markets operating proportion | 0.96 | 0.05 | |
| Underlying Net Profit before Tax | 20.18 | 17.71 | 13.9% |
| Brisbane Markets Investment Property Valuation Increase/(Decrease) | (11.44) | 2.56 | |
| Perth Markets Property Revaluation proportion | 3.60 | 7.67 | |
| Reported Net Profit/(Loss) before Tax | 12.34 | 27.94 | |
| Income Tax Expense | (2.91) | (7.6) | |
| Reported Net Profit/(Loss) after Tax | 9.43 | 20.34 | |
| Net Assets at Balance Date | 255.86 | 255.07 | |
| Total Assets at Balance Date | 538.95 | 536.81 | |
| Net Assets per share at 30 June 2026 | $4.69 | $4.68 | |
The balance sheet remains strong with reported total assets at 30 June 2025 of $538.95 million and net assets of $255.86 million, resulting in an increase in the net assets per share figure to $4.69.
The company’s financial performance will be further elaborated upon in the company’s Annual Report, which will be distributed to all shareholders during October 2026, and at the Annual General Meeting, set down for Wednesday, 18 November 2026 at 9am.
PAYMENT OF DIVIDEND
The Board also advise shareholders that a final dividend for the year of 10cents per ordinary share, has been declared. This dividend and subsequent dividends paid during the year ended 30 June 2027 will be franked to 80%, which is the level indicated in communication during September 2025.
The total dividend paid in respect of the 2026 financial year will be 20 cents per ordinary share, partially franked.
The final dividend of 10 cents per ordinary share, will be paid on Monday, 19 October 2026.
This will be paid to shareholders on the share register of the company at 5pm on Monday, 5 October 2026.
A full copy of the report can be viewed here.
Yours sincerely
Andrew Young
Managing Director and CEO