• Placement leadership: ANZ placement share higher vs pcp; Asia highest in recent history
• Double digit yield growth: yield driven by upgraded ad tiers and new products
• Momentum in Asia: higher yield and ad volumes with record candidate visits

SEEK Limited has announced its FY2025 Full Year Results, highlighting strategic focus and product innovation driving placement and yield growth. Key highlights include: placement leadership with higher ANZ share and Asia at record highs; double-digit yield growth driven by upgraded ad tiers and new products; and momentum in Asia with higher yield and ad volumes and record candidate visits. While revenue growth was impacted by macro conditions and freemium rollout, the company achieved operating leverage with net revenue up 1% and total costs down 2% versus prior year. In the second half, revenue grew 5% and costs 3% versus the first half. Free cash flow grew 41%, enabling debt reduction and a 31% increase in the full year dividend to 46 cents per share, fully franked. The company provided FY2026 guidance, with expectations of 10% revenue growth, 8% total expenditure growth, 15% EBITDA growth, and 32% Adjusted Profit growth versus FY2025. SEEK remains focused on its key strategic goals of growing placement share, yield, and operating leverage, while investing in long-term competitiveness through customer focus, market leadership, scalable platform, and differentiated AI capability.

FY2026 guidance (excluding the Fund and significant items): Net revenue of approximately $1.15bn to $1.25bn; Total expenditure of $810m to $840m (Operating expenses of approximately $655m to $685m, Capital expenditure of approximately $145m to $165m); EBITDA of approximately $510m to $550m; Adjusted Profit of approximately $190m to $220m.

In the near term, while labour market conditions across APAC are showing signs of stabilisation, the planning assumption is for employment growth to remain flat to low through FY2026. In Australia, unemployment is expected to grow slightly, though a further easing of interest rates should gradually lead to labour market improvements. Across Asia, while the decline in job ad volumes is stabilising, ongoing economic uncertainty will weigh on near-term hiring activity. SEEK remains focused on its three strategic initiatives - grow placement share, grow yield, and deliver operating leverage - which are well within its original assumptions, and is committed to maintaining a high level of execution quality to deliver ongoing value to investors.