AVJennings Reports Strong Q3 FY25 with Lift in Contract Signings and Settlements

AVJennings Limited (ASX: AVJ) has delivered a robust Q3 FY25 performance, highlighted by a 25% increase in contract signings to 167 lots, valued at AU$69.5 million, and a 26% rise in settlements to 86 lots, generating AU$39.2 million in revenue. Year-to-date, 395 lots have been contracted for AU$170.2 million, while 411 lots have been settled, up 22% from the prior period.

The improvement in settlement revenue is attributed to the tail end of capital recycling initiatives. Sales conversions jumped 25%, driven by improved confidence following the RBA’s rate cut in February 2025. Land sales in Victoria and Queensland were key contributors to the quarter’s growth, although Integrated Housing saw mixed results across states. The Company also saw a slight increase in WIP to 958 lots, indicating strong operational momentum despite regional market challenges.

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