REA Group (REA) H2 2026 earnings summary

Executive summary

• Revenue grew 7% year-over-year to AUD 1.79 billion, with EBITDA up 12% to AUD 1.09 billion and net profit after tax from core operations up 15% to AUD 650 million.

• Free cash flow increased 17% to AUD 628 million, supporting a AUD 200 million share buyback and a 20% increase in total dividends per share to AUD 2.97.

• Strategic focus on AI, data, and technology drove product innovation, immersive consumer experiences, and record audience engagement with 12.7 million monthly users and 146 million monthly visits.

• Sale of Indian business (housing.com) to Aurum PropTech completed, with REA retaining a 24.9% stake and a AUD 111 million write-down of REA India.

• Acquisition of controlling stakes in Planitar (iGUIDE) and 70% of Simplicity commercial finance brokerage.

Financial highlights

• Revenue up 7% year-over-year to AUD 1.79 billion; EBITDA (ex-associates) up 12% to AUD 1.09 billion; NPAT up 15% to AUD 650 million.

• Free cash flow up 17% to AUD 628 million; EPS up 15% to AUD 4.93.

• Final dividend of AUD 1.73 per share, total FY dividend AUD 2.97 per share, up 20% year-over-year.

• On a continuing business basis (excluding India), revenue and EBITDA up 12%, NPAT and EPS up 14%, free cash flow up 18%.

• AUD 546 million returned to shareholders via buyback and dividends.

Outlook and guidance

• FY27 buyer listings expected to be flat to down low single digits; July listings down 2% year-over-year but in line with eight-year average.

• Controllable residential buy yield growth (ex-geo mix) guided to low double digits, driven by 8% Premiere+ price rise and add-on growth.

• Operating costs (ex-M&A) expected to rise mid-single digits; group costs (inc. M&A) to rise mid to high single digits.

• Operational margin expansion targeted; contributions from associates expected to improve.