Half Yearly Report and Accounts

• Combined Group revenue of $48.3 million, up 10% on prior period
• Gross Commission Income (GCI) of $60.9 million, up 7% on prior period
• EBITDA of $1.9 million, up 12% on prior period

The Agency Group Australia Ltd has delivered robust half-yearly financial and operational results in HY2025, with strong property prices nationally and a general improvement in stock volumes coming to market. Good agent recruitment and retention has solidified the company's growth and underpinned its market share. This growth in sales has resulted in Gross Commission Income (GCI) for the six-month period of $60.9 million, up 7% on HY2024's GCI of $56.9 million. Group revenue for HY2025 increased to $48.3 million, up 10% on HY2024's Group revenue of $43.9 million, helped also by a 16% growth in revenue from property management to $6.4 million. The Agency reported a total management portfolio of 10,571 properties under management at the end of December 2024, with 5,355 of these owned by the company. The Group generated a net loss after tax for the half-year of $2.30 million, primarily impacted by interest and finance costs, depreciation and amortisation, and embedded derivative non-cash financing costs. However, the company recorded EBITDA of $1.89 million, representing a $0.13 million improvement in underlying EBITDA. The Agency continues to focus on growth opportunities and attracting real estate agents to its contemporary direct engagement business model, with future growth expected from continued agent attraction, expansion across new regions, and increased efficiencies driven by economies of scale and technological advances.

The Agency Group Australia Ltd reported Gross Commission Income (GCI) of $60.9 million for the half-year ended 31 December 2024, up 7% on the prior corresponding period. The company also reported EBITDA of $1.89 million for the half-year.

The Agency Group Australia Ltd continues to focus on growth opportunities and attracting real estate agents to its contemporary direct engagement business model. Future growth is expected to come from continued attraction of agents and growth in agent numbers across existing geographical regions, as well as further expansion across new regions in Australia. The company also expects to benefit from increased efficiencies driven by economies of scale and utilisation of best practice technological advances.