PEXA 3Q25 Update

• Total transaction volumes processed by the PEXA Exchange increased 4% in 3Q25
• Continued progress in UK with remortgage and sale & purchase capabilities
• Digital Solutions business seeing strong growth in subscriptions, projects, and transactions

PEXA Group Limited (ASX: PXA) has provided an update on the quarter ended 31 March 2025 (3Q25) performance. Total transaction volumes processed by the PEXA Exchange were 871k in 3Q25, an increase of 4% from the prior comparative period (3Q24). Transfer volume grew by 2% on the PCP, while refinances increased 13% due to an RBA rate cut. The company maintained its 90% national market penetration in Australia. In the UK, there was ongoing softness in the remortgage market, with Optima Legal and Smoove instruction and completion volumes down versus the PCP. However, the UK sale and purchase market continued to recover, with Smoove volumes up significantly. The Digital Solutions business saw strong performance, with subscriptions revenue up 11%, project and consulting revenue up 78%, and transaction-related revenue up 111%. The macroeconomic environment remains mixed, but PEXA is focused on improving operating performance. The new CEO is undertaking a thorough assessment of the business, with any findings to be updated at the FY25 results. PEXA has reaffirmed its previously announced FY25 guidance, though noted this may be subject to change pending the CEO's review.

Group Business Revenue +13% - 19%, Group Operating EBITDA Margin ≥ 34%, Specified items ($35m) - ($40m), Depreciation and amortisation ($98m) - ($102m), Net interest expense ($5.5m) - ($7.5m), Income tax benefit / (expense) ($40m) - ($45m), Australian capex / Australian revenue 10% - 14%, International operating cash outflows ($55m) - ($58m), Net debt / operating EBITDA ≤ 2.5x