Goodman Group (ASX: GMG) marks 30 years since listing on the ASX, sharing an exciting growth story at its Annual General Meetings on 11 November 2025. The corporate giant demonstrated resilience, reporting its 15th consecutive year of operating profit growth to AUD 2.3 billion, a 12.8% increase from last year.
Figure 1: Visualisation of Goodman PAR02 in Paris
Chairman Stephen Johns and Group CEO Greg Goodman addressed the shareholders, highlighting the company’s growth from a traditional logistics provider to a global essential infrastructure giant. The Goodman Group AGM 2025 highlights the company’s shift towards data centres while continuing to dominate in logistics real estate across 15 countries.
Chairman Highlights Robust Financial Performance and Strategic Capital Raise
Stephen Johns emphasises the Group’s impressive financial metrics during his address, noting operating earnings per security increased by 9.8%, which included the dilutionary impact of a AUD 4 billion capital raising completed in February 2025. The capital injection positions Goodman for its next growth phase, particularly around data centre developments, whilst maintaining a conservative debt profile with gearing at just 4.3%.
The Goodman Group chairman’s speech reveals a Total Securityholder Return of 95% over three years and 143% over five years, demonstrating the company’s ability to deliver sustainable returns. Johns highlights the Group’s strong liquidity position, with AUD 6.6 billion in cash and undrawn lines, complemented by an additional AUD 9.0 billion available to the Partnerships as of 30 June 2025.
CEO Outlines Data Centre Strategy Amidst Digital Economy Boom
The Goodman Group CEO update delivered by Greg Goodman centres on the company’s strategic positioning as a provider of essential infrastructure for the digital economy. The Group’s total property portfolio now stands at AUD 85.9 billion as at 30 September 2025, with occupancy maintained at 96.1% and rental growth of 4.2% across its logistics assets.
Figure 2: Greg Goodman, Group CEO
Goodman Group CEO update also revealed an impressive global power bank of 5.0 gigawatts, with 3.4 gigawatts already secured across 13 major cities, including Paris, Frankfurt, Amsterdam, Tokyo, Hong Kong, Los Angeles and Sydney. The CEO emphasises that data centres currently comprise 68% of work in progress, set to increase to more than 75% by June 2026. The AUD 12.4 billion development workbook is forecast to surge beyond AUD 17.5 billion by June 2026, predominantly driven by data centre projects.
Strategic Partnership Expansion Supports Growth
The Goodman Group AGM 2025 highlights the expansion of the Partnership platform during FY25, with new Data Centre Partnerships established in Hong Kong and Europe to facilitate funding of the significant development programme.
Figure 3: Global network spans key markets.
John notes that approximately 70% of Goodman’s earnings are generated outside Australia, with a similar proportion of employees based internationally. The Group’s remuneration structure, featuring the longest long-term incentive programme in the S&P/ASX 100, has proven successful in attracting specialised data centre talent and retaining employees across its global operations.
Goodman Group Chairman Speech Underscores Global Board Diversity and Expertise
The Goodman Group chairman’s speech emphasises the evolution of board composition to match the company’s global expansion. Of the nine non-executive directors, four are female and five are offshore residents. Standing for re-election are Non-Executive Directors Chris Green, Vanessa Liu and Hilary Spann, alongside Executive Director Anthony Rozic, bringing diverse international expertise to governance.
FY26 Outlook: Continued Earnings Growth Projected
The Group targets operating earnings per security growth of 9.0% for FY26, equating to over AUD 2.6 billion of operating profit. Goodman confirms a full-year distribution of 30 cents per security for FY26. The company’s strong capital position, combined with its global opportunities across logistics and data centres, underpins confidence in delivering long-term value for securityholders and capital partners.
Through the Goodman Foundation and staff contributions, the Group contributed AUD 16.7 million to support communities throughout FY25, with staff volunteering more than 3,000 hours. The company remains on track to maintain carbon neutrality for operations during FY25, supporting customers’ sustainability ambitions whilst developing infrastructure for the digital economy.
Figure 4: Share price performance
The Goodman Group share price trades at AUD 31.130, with the company commanding a market capitalisation of AUD 62.34 billion. The stock has traded within a 52-week range of AUD 25.010 to AUD 39.430 per share, reflecting market confidence in the Group’s position as Australia’s largest property group on the ASX.
FAQs
What were the key highlights from Goodman Group AGM 2025?
Goodman Group reported AUD 2.3 billion operating profit, up 12.8%, marking the 15th consecutive year of growth, with Total Securityholder Return of 95% over three years.
What is Goodman Group’s data centre strategy?
Goodman Group has secured 3.4 gigawatts of power capacity across 13 major cities globally, with data centres comprising 68% of current work in progress, set to exceed 75% by June 2026.
What is Goodman Group’s FY26 earnings guidance?
The Group targets 9.0% operating earnings per security growth for FY26, equating to over AUD 2.6 billion operating profit, with a confirmed distribution of 30 cents per security.
How large is Goodman Group’s development pipeline?
The development workbook is at AUD 12.4 billion as of 30 September 2025, estimated to exceed AUD 17.5 billion by June 2026, with most projects in the data centre sector.
