FY2025 Appendix 4D and Half Year Report

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Stock Seek Ltd (SEK.ASX)
Release Time 18 Feb 2025, 8:51 a.m.
Price Sensitive Yes
 SEEK Ltd Reports FY2025 Half-Year Results
Key Points
  • Strong trajectory across all brand metrics with leading ANZ placement share and regained placement share lead in all SEEK Asia markets
  • Double digit yield growth across APAC maintaining proven track record
  • Total expenditure 6% lower than H1 FY2024, enabling 93% increase in free cash flow
Full Summary

SEEK Limited reported its FY2025 half-year results, delivering strong brand metrics, double-digit yield growth, and lower total expenditure which drove a 93% increase in free cash flow despite a weaker macroeconomic environment. The company's online employment marketplaces in Australia and New Zealand (ANZ) and Asia continued to perform well, with higher placement share and strong yield growth. Total expenditure, including operating and capitalised expenditure, was 6% lower than the prior corresponding period, reflecting the completion of SEEK's Platform Unification program in FY2024. This enabled a 93% increase in free cash flow, supporting a 26% increase in the 2025 interim dividend. SEEK's equity-accounted investment in the SEEK Growth Fund also contributed positively, with a 5% increase in the portfolio valuation. The company's strategic focus on growing placements, yield, and operating leverage continues to deliver results, underpinned by its market-leading brand, unified platform, and AI-driven matching capabilities.

Guidance

SEEK has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.

Outlook

SEEK has not provided any forward-looking outlook statements in this announcement.