• Statutory revenue of A$33.3m, decreasing 5% on 1H 2024
• Statutory EBITDA of A$3.2m, increasing 71% on 1H 2024
• Operating EBITDA (incl. Associates) of A$5.0m, increasing 102% on 1H 2024

FDV reported statutory revenue of A$33.3m in 1H 2025, a 5% decrease on the prior corresponding period, primarily due to the termination of low-margin business in InfoCasas. However, this was offset by strong organic growth in MMG (22%) and FDV Asia (48%). Operating revenue, which includes revenue from associates, was A$40.7m, a 1% decrease on pcp. Statutory EBITDA increased 71% to A$3.2m, with a 5 percentage point margin expansion to 10%, driven by continued growth in the core classifieds business and operational efficiencies across the group. FDV Associates, including Zameen and PakWheels, recorded positive EBITDA of A$1.9m, a 191% increase on pcp. The group reported a net loss after tax of A$1.1m, an improvement of 17% on pcp, primarily driven by the operating cost efficiencies and the disposal of Hoppler and PropertyPro during the period. The group maintained a strong cash balance of A$10.9m at 30 June 2025.