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QAL

Qualitas

Real Estate Management & Development

Qualitas is an alternative real estate investment manager that operates by managing funds investing in debt and equity strategies. The company originates, acquires, manages, and exits investments for these funds, generating revenue primarily through fees charged to the managed funds. Qualitas occupies a position in the Australian market by offering alternative real estate investment opportunities.

Short position

short percentage0.44%
reported shorts1.3M
shares on issue301.425M

Qualitas (ASX:QAL) has 0.44% of its shares on issue reported as short positions as of 5 Oct 2026, or about 1,332,912 shares. Over the past 30 days that figure has risen 0.38 percentage points, and over 90 days it has risen 0.29 percentage points. Its highest recorded short interest was 2.11% in October 2025. QAL is classified in the Real Estate Management & Development industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Qualitas (QAL) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$130.3M (source: ASX (Markit))vs $109.7M (source: ASX (Markit)) (FY25)
ASX (Markit), as at 29 Sep 2026
NPAT
$41.7M (source: ASX (Markit))vs $33.4M (source: ASX (Markit)) (FY25)
ASX (Markit), as at 29 Sep 2026
EPS (diluted)
$0.14 (source: Derived: trailing 12 months at year end)vs $0.11 (FY25)
Derived: trailing 12 months at year end, as at 29 Sep 2026
Rev YoY
+18.8%FY
EPS YoY
+24.2%TTM
  • ASX (Markit)
  • Derived: trailing 12 months at year end

Key ratios

Year to 30 Jun 2026 (FY); no balance sheet aligned with this period; prices to 9 Oct 2026

Gross margin
98.2%
Operating margin
44.3%
Net margin
32.0%
FCF margin
−33.3%
ROE
n/a
ROA
n/a
FCF conversion
−1.04×
Net debt (excl. leases)
n/a
Net debt / EBITDA
n/a
Current ratio
n/a
Interest cover
60.7×
Cash dividends paid / net profit
79.2%
Market cap
n/a (no share count we can vouch for)
P/E
15.6×
P/B
n/a (no share count we can vouch for)

Property trust: profit and EBITDA include property revaluations, so margins and returns move with valuations.

Ratios use the reporting currency (AUD); market cap is in AUD. Sources: ASX (Markit) and Derived: trailing 12 months at year end, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

QAL income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$130.3M (source: ASX (Markit))$109.7M (source: ASX (Markit))$102.4M$91.9M
Gross profit$128.0M (source: Derived: trailing 12 months at year end)n/a$102.4M$91.9M
Operating income$57.7M (source: Derived: trailing 12 months at year end)n/a$58.3M$50.7M
EBITDA$64.2M (source: Derived: trailing 12 months at year end)n/a$59.9M$54.1M
EBIT$60.7M (source: Derived: trailing 12 months at year end)n/a$57.7M$52.2M
Interest expense$951.0K (source: Derived: trailing 12 months at year end)n/a$20.3M$20.4M
Pretax income$59.7M (source: Derived: trailing 12 months at year end)n/a$37.4M$31.8M
Tax$18.0M (source: Derived: trailing 12 months at year end)n/a$11.3M$9.3M
NPAT$41.7M (source: ASX (Markit))$33.4M (source: ASX (Markit))$26.2M$22.5M
Net interest income−$1.7M (source: Derived: trailing 12 months at year end)n/a−$20.4M−$20.5M
EPS basic$0.14 (source: Derived: trailing 12 months at year end)$0.11$0.090$0.077
EPS diluted$0.14 (source: Derived: trailing 12 months at year end)$0.11$0.088$0.076
Sharesn/an/a292.8M292.8M
  • ASX (Markit)
  • Derived: trailing 12 months at year end

Financial reports

The company's own filings, newest first