Reported Offshore Headcount
116+
reported 30 Jun 2025 — Centuria Capital Modern Slavery Statement 2024
Estimated % of Workforce
~30.6%
illustrative — not directly reported by the company
Destination Countries
Modern slavery statement: 116 contracted personnel in Manila for finance, accounts and property services.
Financial Context
Market Cap
$1.4B
Revenue
$300M
Net Profit
$80M
Estimated Wage Differential
~$10M/yr
CEO — John McBain
$6,982,000
90x avg Australian worker
Illustrative wage differential: if the 116+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$10M/yr (~12.5% of reported net profit). This is an estimate based on industry averages, not company-specific data.
Would this company be profitable without offshoring?
Every dollar paid offshore leaves the Australian economy — reducing local wages, tax receipts, and economic circulation. Why it matters
Financial data: FY2024. Estimate uses avg AU employment cost of $110,000+/yr (incl. super and on-costs) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.
In Plain English
- In 2025, Centuria Capital was reported to have 116+ offshore contractors and staff.
- This represents ~30.6% when compared to its current workforce of 379 (illustrative comparison only — not directly reported by the company).
- 🇵🇭 116+ staff reported in Philippines in Back Office.
Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.
Department Breakdown
| Department | Country | Headcount | Confidence |
|---|---|---|---|
| Back Office | 🇵🇭 Philippines | 116 | Estimated |
Other Real Estate Companies That Offshore
Other companies in real estate with reported offshore operations.
| Company | ASX | Reported Offshore | Offshore Destinations |
|---|---|---|---|
| Centuria Industrial REIT | CIP | 116+ | 🇵🇭 Philippines |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
Additional Sources
This profile is based on publicly available information at the time of publication. It may not reflect current operations and should not be treated as a complete picture. We publish what we can verify — not everything that exists.
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