REA Group core net profit reaches $650M in FY26
Full story: https://grafa.com/en/news/australia/rea-group-core-net-profit-reaches-650m-in-fy26
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REA Group reported a 15% increase in full-year core net profit to $650 million.
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The company raised its final dividend by 25% to $1.73 per share.
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Growth was driven by strong yield expansion and diversification into commercial lending.
REA Group (ASX:REA) reported a 15% increase in full-year core net profit to $650 million following strong yield growth. EPS came up to $4.93.
Core revenue rose 7% to $1.79 billion, while residential buy listings remained flat against expected market declines. Australian revenue was up 11% to $1.71 billion.
"REA's unparalleled audience and proprietary data firmly position the business as a leading beneficiary of AI," said REA Group CEO Cameron McIntyre.
Reported net profit fell 19% to $552 million, down 19% due to a $111 million impairment on REA India and a $117 million reversal of impairment on the sale of PropertyGuru in FY25.
The company declared a final fully franked dividend of $1.73 per share, bringing the total dividend to $2.97 per share, up 20% year over year.
Following the announcement, the REA Group share price was up at $166.32.
The business expanded its financial services division by acquiring a 70% stake in commercial broker Simplicity Loans & Advisory.
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