Highlights

• REA Group grew FY26 residential Revenue by 12% despite flat national Buy listing volumes across Australia.

• Its revenue per residential Buy listing increased 13%, supported by Advertising Yield rather than higher listing counts.

• The group reported AUD 650 million in core net profit after tax and AUD 552 million statutory profit.

• REA guided to low-double-digit Residential Buy yield growth in FY27, excluding geographic mix effects across its portfolio.

Flat property listing volumes did not prevent REA Group Limited (ASX:REA) from increasing its Australian residential advertising revenue in FY26. The operator of realestate.com.au lifted revenue per Buy listing by 13%, while national Buy listings were unchanged. That pricing and product mix formed a key part of its annual Earnings growth and remains central to FY27 guidance.

Revenue Rises on Advertising Yield

Group revenue reached AUD 1,793 million in the year to 30 June 2026, up 7%. Core EBITDA before associates increased 12% to AUD 1,088 million, while core net profit after tax climbed 15% to AUD 650 million. Core Earnings Per Share were AUD 4.93.

Australian revenue grew 11% to AUD 1,712 million. Residential revenue totalled AUD 1,290 million, a 12% increase, even though national Buy listing volumes were flat. Revenue per Buy listing advanced 13%, reflecting the group’s residential advertising yield.

Statutory Result Reflects India Impairment

Statutory net profit after tax was AUD 552 million, down 19% from the previous year. The result included an AUD 111 million Impairment of REA India, while the prior year had benefited from an impairment Reversal connected to the sale of PropertyGuru.

International revenue declined 38% to AUD 81 million, partly reflecting changes in the Indian business. REA India is classified as a discontinued operation held for sale. The proposed sale of Housing.com to Aurum PropTech remains subject to conditions, including Aurum Shareholder approval.

Portfolio Expansion and Shareholder Returns

In financial services, REA acquired a 70% interest in Simplicity Loans & Advisory for AUD 47 million to expand Mortgage Choice’s commercial lending capabilities. It also consolidated the North American 3D visualisation company Planitar from October 2025.

The group completed a AUD 200 million share buyback and paid a fully franked final Dividend of AUD 1.73 per share. Total FY26 dividends reached AUD 2.97 per share, up 20%. At 30 June, cash totalled AUD 366 million and no external Debt had been drawn.

FY27 Expectations Focus on Yield

Management expects national new Buy listings to be flat to down low single digits in FY27. Residential Buy yield is forecast to increase at a low-double-digit rate excluding geographic mix, with an 8% price rise in the Premiere+ product.

Operating costs excluding acquisitions are expected to increase by a mid-single-digit percentage. REA also targets Operating Margin expansion, with associates’ combined losses expected to improve modestly. The next reporting period will indicate how changes in listing volumes, customer Demand and pricing affect revenue.