• Placement share lead in Australia grew to 4.9x nearest competitor
• Yield growth of 17% drove double-digit revenue growth
• EBITDA grew 19% and Adjusted Profit grew 35%
• Impairment of Zhaopin led to reported loss, but total return on investment is 3x with 16% IRR

SEEK Limited reported strong operating outcomes in H1 FY2026, with the company enhancing its strategic objectives and continuing investments in future capability within its target total cost envelope. The company's placement share lead in Australia grew to 4.9x the nearest competitor, while Asia placement share was slightly lower. High teens yield growth, driven by new AI-enabled ad tiers and outcome-based pricing, led to double-digit revenue growth, offsetting the impact of macroeconomic conditions and freemium on paid volumes. SEEK achieved 19% EBITDA growth and 35% Adjusted Profit growth, demonstrating operating leverage as revenue growth outpaced total cost growth. The company reported a loss due to a previously announced $356m impairment of its Zhaopin investment, but noted that its FY2021 sell-down of Zhaopin represented a 5x return on its initial investment, and its total return is 3x with a 16% IRR. SEEK's FY2026 guidance has been tightened, with revenue and EBITDA now expected in the top half of the original range, reflecting the strong momentum of the business. The company is well-positioned to navigate near-term macroeconomic uncertainties, with a focus on growing placements, yields, and operating leverage, supported by its leading market positions, proprietary data advantage, and ability to rapidly innovate across its eight markets.

FY2026 guidance (excluding the Fund and significant items): Net revenue of approximately $1.19bn to $1.23bn, Total expenditure of $810m to $840m (Operating expenses of approximately $660m to $680m, Capital expenditure of approximately $150m to $160m), EBITDA of approximately $530m to $550m, and Adjusted Profit of approximately $195m to $215m.

SEEK has a clear execution agenda centred on growing placements, growing yield, and delivering operating leverage. The company believes it is well-positioned to navigate near-term macroeconomic uncertainties, with leading market positions, a proprietary data advantage, and the ability to rapidly innovate across its eight markets. SEEK is focused on sustaining the high-quality execution evident in its H1 FY2026 results.