Finbar Group Limited (ASX: FRI), a leading Western Australian apartment development company focused on urban infill projects, has announced the resumption of regular dividend payments with a fully franked final dividend for the 2025 financial year. The company, which specialises in developing high-quality residential and mixed-use projects, declared a final dividend of 2 cents per share, payable on August 6, 2025. The ex-date for the dividend is July 22, 2025, and the record date is July 23, 2025.
The decision to reinstate regular dividends reflects Finbar’s strong financial position, with $36 million in cash on hand at the end of FY25. This robust balance sheet supports the company’s ability to execute its development pipeline and strategy while providing immediate returns to shareholders. Finbar has established a five-year development pipeline exceeding $1 billion in estimated end value, comprising projects under construction ($390 million), projects with DA approvals pending development ($363 million), and future plans at pre-development stage ($261 million).
Finbar reported strong sales performance, averaging $11.8 million in monthly sales of completed stock throughout FY25. The company also completed the sale of its non-core subsidiaries, Finbar to Rent and Finbar Sales, on June 30, 2025, for a combined $2.55 million, streamlining operations to focus on its core apartment development business. CEO Ronald Chan highlighted the significance of resuming regular dividend payments, attributing it to the company’s strong position in sales, balance sheet, and future development pipeline.
The company’s audited financial report for FY25 is scheduled for release during the week commencing August 18. Finbar intends to focus on wholly-owned projects to enhance shareholder value, leveraging its strategic advantage through long-term relationships with builders like Hanssen, ensuring cost certainty and delivery capacity in a constrained construction market.
