• Group business revenue grew 25% to $203.7 million
• Operating EBITDA increased 24% to $73.2 million
• International business revenue increased $25.6 million

PEXA Group Limited reported its financial results for the half-year ended 31 December 2024. Group business revenue grew by 25% to $203.7 million, driven by strong performance across all business segments. The International business revenue increased by $25.6 million, largely due to the six-month contribution from the Smoove acquisition and increased Optima Legal revenue. The Exchange business revenue grew by 9%, reflecting improved transaction volumes, pricing, and transaction mix. Digital Solutions revenue rose by $1.8 million, mainly due to continued adjacency revenue growth, new Automated Valuation Model revenue, and further subscription revenue growth. Operating EBITDA increased by 24% to $73.2 million, reflecting improved profitability in the Exchange and Digital Solutions segments. The Group reported a statutory net loss after tax of $32.7 million, compared to a net loss of $4.6 million in the prior half-year period, primarily due to a one-off derecognition of deferred tax assets on certain Australian tax losses and an impairment of a minority investment, partially offset by higher operating earnings.

PEXA Group expects to maintain its strong performance in FY25, with continued growth in revenue and operating EBITDA across its business segments.

The company remains focused on expanding its International business, with further integration of the Optima Legal and Smoove acquisitions, as well as exploring opportunities for expansion into new Torrens Title jurisdictions such as Canada and New Zealand.