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ASX Announcement 24 August 2026 TM GemLife Earnings guidance upgrade , 1H26 results exceed Prospectus forecast GemLife Communities Group ( ASX : GLF ) ( GemLife ) today released its results for the half 30 June 2026 ( 1H26 ) . year ended GemLife has delivered a strong 1H26 financial result , exceeding Prospectus forecasts across key metrics and delivering robust growth against 1H25 . The result was underpinned by strong settlements , higher average home sale prices ( ASP ) and the maintenance of Home Build Margins at 49.9 % , which has been consistently between 47-52 % , now for the eighth consecutive year . Key financial highlights for 1H26 : 1H26 Performance vs Prospectus Revenue EBIT Underlying NPAT 1H26 Actual ( $ m ) 1H26 Prospectus ( $ m ) Performance vs Prospectus ( % ) 195.1 143.1 + 36.3 % 68.3 50.3 58.5 + 35.8 % 46.1 + 26.8 % Revenue of $ 195.1m , up 86 % on 1H25 Pro Forma . EBIT of $ 68.3m , up 89 % on 1H25 Pro Forma . Underlying NPAT of $ 58.5m ( 15.4 cents Underlying EPS ) , up 102 % on 1H25 Pro Forma . Statutory NPAT of $ 53.3m , up 59 % on 1H25 Pro Forma . Gearing¹ at 32.3 % within our 25 % -35 % target range , assisting funding of the accelerated rollout of six new communities from which settlements have commenced or are expected to commence in FY26 . Declared inaugural 1.1 cent annual distribution ( 12 months to 30 June 2026 ) , in line with Prospectus guidance . Key operational highlights for 1H26 : ASP rose 10 % to $ 876,000 given stronger demand and higher premium home sales . Achieved 208 settlements in 1H26 , up 75 % on 1H25 , exceeding Prospectus forecasts of 192 by 16 homes . At 30 June 2026 , 52 additional homes were completed and sold pending settlement in 2H26 . 1 . Gearing calculated as net debt ( being total borrowings less cash and cash equivalents ) divided by total assets less cash and cash equivalents . GemLife | ASX Announcement 1