PEXA 1Q26 Update
| Stock | Pexa Group Ltd (PXA.ASX) |
|---|---|
| Release Time | 5 Nov 2025, 8:35 a.m. |
| Price Sensitive | Yes |
PEXA delivers solid 1Q26 performance and reaffirms FY26 guidance
- Total transaction volumes processed by the PEXA Exchange increased 6% in 1Q26
- PEXA remains on track to launch a PEXA-enabled remortgage service with NatWest in the first half of calendar year 2026
- PEXA reaffirms its FY26 guidance for group revenue, EBITDA margin, NPAT, and capex
PEXA Group Limited (ASX: PXA) has provided an update on the quarter ended 30 September 2025 (1Q26) performance of the Group. Total transaction volumes processed by the PEXA Exchange were 1,055k in 1Q26, an increase of 6% from the prior comparative period (PCP or 1Q25). In Australia, property transaction volumes grew 6%, driven by strong refinancing activity. The UK market is also gaining momentum, showing clear signs of growth after a period of subdued activity. PEXA is executing well against its FY26 strategy and has reaffirmed its guidance for the financial year. Key business updates include the launch of PEXA's refinance product in the Northern Territory in August 2025, progress on the development of an AML solution in Australia, and the completion of PEXA's submission to IPART as part of their ongoing pricing review.In the UK, PEXA's Optima Legal and Smoove businesses saw strong growth, with remortgage completion volumes up 32% and 22% respectively on the PCP. PEXA remains on track to provide NatWest with a PEXA-enabled remortgage service in the first half of calendar year 2026, with a PEXA-enabled Sale & Purchase solution to follow.PEXA's Digital Solutions business maintained stable progress in 1Q26, with subscriptions revenue growing 15% relative to the PCP and project and consulting revenue increasing by 19%. The strategic review of the Digital Solutions business remains ongoing.While Australian property market volumes have softened slightly in the early part of the second quarter, PEXA has reaffirmed its FY26 guidance for group revenue, EBITDA margin, NPAT, and capex.
FY26 Guidance: Group Revenue: $405m-$430m Group EBITDA Margin: 32% - 35% Group NPAT: $5m-$15m Group Capex: ($60m-$65m) International operating cash flow: ($59m-$63m)