PEXA Group to Exit Digital Solutions Businesses After Strategic Review

MT Newswires Live02-16

PEXA Group (ASX:PXA) decided to exit its majority-owned Digital Solutions businesses after the completion of a strategic review and restated its guidance for fiscal year 2026 for core operations to exclude

discontinued operations, according to a Monday Australian bourse filing.

PEXA completed its exit from majority-owned Land Insight and its minority investment in Elula. It is in the process of exiting from majority-owned Value Australia and .id, with completion anticipated by mid-2026.

The businesses will be classified as "held for sale," and their fiscal year 2026 results will be presented as discontinued operations. Around AU$26 million in net impairments will be taken against these assets.

For the first half of fiscal year 2026, the firm is expecting to report significant items of between AU$7 million and AU$8 million, excluding the AU$26 million net impairment. The costs relate to redundancy costs in connection with the cost optimization program in Australia, as well as restructuring costs related to the exit of the businesses in the first half.

It now expects group revenue of between AU$395 million and AU$415 million for fiscal year 2026, from the previous forecast of AU$405 million to AU$430 million, as well as a group earnings before interest, taxes, depreciation, and amortization margin of between 34% and 37%, compared with the previous 32% to 35%.

Digital Solutions previously consisted of three majority-owned businesses and four minority-owned businesses, as well as Exchange adjacency products.

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