Australia · Delayed Price · Currency is AUD REA Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 5% to AUD 916 million and NPAT grew 9% to AUD 341 million, driven by double-digit yield growth, record audience engagement, and strong AI-led product innovation. Announced a 13% higher interim dividend and a AUD 200 million share buyback.
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First quarter revenue grew 4% to AUD 429 million, with 13% residential yield growth and record audience engagement. Strategic focus remains on AI, product innovation, and defending market leadership, while India operations are streamlined to focus on housing.com.
Fiscal Year 2025
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The meeting highlighted strong FY 2025 financial growth, a 31% dividend increase, and major strategic investments. Leadership transitions and new initiatives in AI, India, and sustainability were discussed, with all resolutions supported by the board.
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Strong FY 2025 results with 15% revenue growth, 18% EBITDA growth, and 23% NPAT growth, driven by premium product penetration, digital innovation, and robust market conditions. Outlook remains positive with double-digit yield growth targeted and a healthy balance sheet supporting future investments.
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Q3 saw 12% revenue and EBITDA growth, driven by strong yield and product innovation across all segments. Residential, commercial, financial services, and India delivered robust results, with healthy market fundamentals and positive consumer engagement supporting outlook.
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First half saw 20% revenue growth, 22% EBITDA growth, and 26% NPAT increase, with strong yield and healthy listings. Outlook remains positive, with double-digit yield growth expected, though geo mix and market timing may impact results.
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Q1 revenue rose 21% to AUD 413 million and EBITDA grew 23%, driven by double-digit yield and listings growth. Premium product uptake, strong digital engagement, and robust market conditions support an upgraded outlook for FY25, with positive operating jaws and higher listings expected.
Fiscal Year 2024
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The AGM highlighted strong FY24 financial growth, increased dividends, and strategic investments in technology and adjacent markets. Shareholders approved all resolutions, and the board addressed questions on governance, market risks, and the recent Rightmove bid.
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FY 2024 saw 23% revenue and 24% NPAT growth, driven by strong Australian and Indian operations, product innovation, and robust market conditions. FY 2025 guidance targets high single-digit OpEx growth, positive jaws, and continued investment, with some headwinds from geo mix and regulatory changes.