Winton has reported a decline in revenue and a net loss for the first half of the 2025 financial year.
Revenue for the six months ended December 31, 2024, was $81.1 million, down 5.3% from $85.6m in the same period last year.
The decrease in revenue was attributed to a lower number of settlements, with 90 units settled compared to 158 in the prior year.
Winton's ebitda also turned to a loss of $100,000, compared positive ebitda of $14.2m in the first half of the 2024 financial year.
The company reported a net loss after tax of $2m, compared to a net profit of $9.7m in the previous year.
Winton's chair and chief executive, Chris Meehan, said the results reflected the struggling economic environment and a year of lower product delivery in the company's residential development timeline.
Despite the challenges, Winton said it continued to deliver on its strategy of diversifying revenue and finished the six-month period with a pre-sale book of $342m and a landbank yield of about 6,000 units.
