Appendix 4D and Interim Financial Report H1 FY25
| Stock | REA Group Ltd (REA.ASX) |
|---|---|
| Release Time | 6 Feb 2025, 8:16 a.m. |
| Price Sensitive | Yes |
REA Group Ltd Reports H1 FY25 Results
- 20% increase in revenue to $872.9 million
- 22% increase in EBITDA from core operations to $520.6 million
- 26% increase in net profit from core operations to $313.9 million
REA Group Ltd has reported strong financial results for the half-year ended 31 December 2024. Group operating income increased by 20% to $872.9 million, driven by 19% growth in Australia and 46% growth in REA India. The Group's EBITDA from core operations increased 22% to $520.6 million and net profit from core operations attributable to owners of the parent increased 26% to $313.9 million. The Australian business continues to lead the market, with realestate.com.au attracting 130.7 million average monthly visits, 4.0 times more than the nearest competitor. The Group's financial services business also delivered strong results, with a 13% increase in revenue. In India, REA India continues to deliver strong results, with revenue up 46% against the prior comparative period. The Group has a strong balance sheet, with net current assets of $418.3 million and a $400 million undrawn syndicated debt facility. The Board has determined to pay an interim dividend of $1.10 per share fully franked, an increase of 26%.
The Group expects to continue trading profitably for the foreseeable future.