PEXA 3Q26 Update
| Stock | Pexa Group Ltd (PXA.ASX) |
|---|---|
| Release Time | 4 May 2026, 4:35 p.m. |
| Price Sensitive | Yes |
PEXA delivers strong 3Q26 performance and reaffirms FY26 Guidance
- Total transaction volumes processed by the PEXA Exchange were 935k in 3Q26, an increase of 7.3% from the prior comparative period
- PEXA continues to expand its product coverage and saw increasing refinance volumes in the Northern Territory
- PEXA's UK remortgage market share decreased in the quarter to 22%, down from 27% in 2Q26
PEXA Group Limited (ASX: PXA) has provided an update on the quarter ended 31 March 2026 (3Q26) performance of the Group. Total transaction volumes processed by the PEXA Exchange were 935k in 3Q26, an increase of 7.3% from the prior comparative period (3Q25). Transfer volumes grew by 7.1% on the prior period, while refinance volumes increased 7.9%. In Australia, property transaction volumes remained resilient, growing 7% versus the prior year despite market uncertainty and rising interest rates. PEXA continues to expand its product coverage and saw increasing refinance volumes in the Northern Territory following the successful launch in August 2025. The company also launched its AML solution, PEXA Clear, in Australia and has started onboarding Conveyancers, Legal Practitioners and Real Estate Agents. In the UK, the remortgage market continued to grow in 3Q26, albeit below the levels seen in 1H26, driving growth in Optima Legal and Smoove remortgage completion volumes. However, the Group's UK remortgage market share decreased in the quarter to 22%, down from 27% in 2Q26. The company achieved a major milestone in March with NatWest successfully going live on the PEXA platform for remortgages. PEXA continues to focus on lender and conveyancer adoption in the UK market. Disciplined cost management has positioned the Group to reaffirm its FY26 guidance, with FY26 Group Core NPAT anticipated at the top end of the guidance range.
Metric FY26 Guidance: Group Revenue $395m-$415m, Group EBITDA margin 34% - 37%, Group Core NPAT continuing operations $15m-$25m, Group Capex ($50m-$55m), International operating cash flow ($59m-$63m)