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REA Group (ASX:REA) charged as much as +6.6% higher in intra-day trade after investors reacted positively to the company’s strong results announced today.
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The Australian company notched up $1.67 billion in revenue for FY25, a stellar 15% increase, and posted a net profit of $564 million, up a sharp 23% from last year. Shareholders may well have smiles on their dials, with a fully franked dividend of $2.48 per share for the year; a healthy 31% jump.
“It’s been an excellent year. Our FY25 performance reflects strong consumer engagement, meaningful product enhancements, and real value delivered to our customers,” said CEO Owen Wilson in a release today.
EBITDA climbed 18% to $969M, while earnings per share hit $4.27, up from $3.49. The final dividend came in at $1.38 per share, up a juicy 35% bump from last year.
REA’s core business, realestate.com.au, continues to dominate Australia’s property market. The platform drew 12.1 million monthly users on average, with 6.4M using it exclusively. Seller leads were up 55%, and 4.5M unique properties were tracked by their owners, up 20% year-on-year.
“Australians continually turn to realestate.com.au as the most trusted property platform, with more listings than anywhere else. We increased our lead over the nearest competitor by 17% this year,” Mr. Wilson said.
Australian revenue was up 14%, to $1.54B. Residential revenue led the charge, climbing 16% to $1.16 billion thanks to strong demand, pricing growth, and greater uptake of add-ons like Audience Maximiser and Luxe.
Commercial and developer revenue also rose 10%, the company confirmed.
India was another bright spot in the company’s landscape. REA India revenue jumped 25% to $129 million, with its Housing Edge platform up 72%. A divestment of PropTiger, which made up 11% of India’s revenue, will allow greater focus on Housing.com’s digital strategy.
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Alongside the report, chairman Hamish McLennan paid tribute to REA’s outgoing CEO Owen Wilson, noting, “He leaves the company in superb shape with the strongest of cultures and one of Australia’s most trusted brands.”
REA traded flat at $252.80 in afternoon trade heading into close.
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