REA Group (REA) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and confirmation of quorum; voting conducted by poll with online participation options.

• Chairman Hamish McLennan opened the meeting, followed by the CEO's address, business items, and a Q&A session.

• Procedures for voting and submitting questions were explained, with technical support available.

• Only shareholders and proxy holders could vote or ask questions, with a two-question limit per item.

• Agenda included FY 2025 highlights, operational performance, and formal business items.

Financial performance review

• FY 2025 revenue reached AUD 1.673 billion, up 15% year-on-year, with EBITDA up 18% to AUD 969 million and a margin of 58%.

• Net profit after tax rose 23% to AUD 564 million; reported net profit after tax was AUD 678 million, up 124%.

• Earnings per share increased 23% to AUD 4.27.

• Dividend per share increased 31% year-on-year to AUD 2.48.

• 10-year CAGR for revenue and EBITDA were 12% and 13%, respectively, with ongoing investment in innovation and acquisitions.

Board and executive committee updates

• Outgoing CEO Owen Wilson was recognized for six years of leadership; Cameron McIntyre to become CEO in early November.

• Jane Cohen joined as Chief Strategy Officer in July; Melina Cruickshank departed as Chief Product and Audience Officer.

• Board includes a mix of executive and independent non-executive directors.

• Executive leadership team covers CEO, CFO, technology, product, customer, financial services, legal, people, strategy, and India operations.