• Improved strategic and operating position, focused on execution
• Continuing solid operating performance from critical national infrastructure
• Leveraging valuable Australian IP offshore and extending PEXA's property market reach

PEXA Group Ltd reported a solid operating result for the first half of FY25, with revenue and operating EBITDA up compared to the prior period. The company's Exchange business continued to deliver strong performance, with an 8.7% increase in business revenue and a 0.9 percentage point improvement in operating margin. The International business made progress on its UK platform development, with the Remo remortgage functionality and Sale & Purchase functionality on track for delivery. The company also saw improvements in the performance of its Optima Legal and Smoove businesses, with a 2x uplift in Optima Legal productivity and the Smoove integration broadly on track for completion in FY25. PEXA's balance sheet remains conservative, supporting returns to shareholders, with an up to $50 million on-market buyback announced. The company continues to focus on execution of its strategic priorities, including increasing coverage and expanding market share in Australia, removing friction points through increased integration, and constructive regulatory engagement.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company did not provide any forward-looking outlook statements in the announcement.