Goodman Group (ASX: $GMG) has reported a 15% increase in operating profit to $2,049 million for the full year ended 30 June 2024. The operating earnings per security (EPS) also saw a significant rise of 14% to 107.5 cents, while the Group recorded a statutory loss of $98.9 million. The Group's forecast operating EPS for FY25 is 117.2 cents, reflecting a 9% increase from FY24. Goodman is strategically positioned to undertake essential infrastructure projects globally, particularly in the logistics and data centre sectors.
Goodman Group's Chief Executive Officer, Greg Goodman, emphasized the Group's focus on providing essential infrastructure to support the flow of goods and data through the economy. Despite global market uncertainty, the Group achieved a 15% increase in operating profit and a 14% rise in operating EPS, surpassing the original operating EPS growth guidance of 9%. Goodman's strategy execution has remained successful, with a strong emphasis on logistics and data centre opportunities in key cities globally, where barriers to entry are high and supply is limited.
Goodman Group's FY24 results demonstrate its robust financial performance, with a 15% increase in operating profit and a 14% rise in operating EPS. The Group's strategic positioning to deliver essential infrastructure projects across logistics and data centre assets globally has been a key driver of its success. With a forecast operating EPS of 117.2 cents for FY25, representing a 9% growth, Goodman is well-prepared to capitalize on the growth opportunities in the logistics and data centre sectors. The Group's strong capital management, limited availability supporting underlying property fundamentals, and active management approach further reinforce its positive outlook. Goodman's focus on sustainability and resilience, along with its prudent capital allocation strategy, underpin its long-term growth prospects.