Highlights

• Adjusted profit rose 28% to A$199 million on sales revenue of A$1,284 million, up 17%.

• Directors set a record full-year dividend of 52 cents per share, fully franked, up 13%.

• An A$356 million Zhaopin impairment and a A$201 million Growth Fund loss pushed total operations to a A$371 million loss.

• FY2027 guidance points to EBITDA of about A$530 million to A$580 million and adjusted profit near A$185 to A$215 million.

SEEK Limited (ASX:SEK) delivered two very different sets of numbers for FY2026: a record dividend and a sharply higher adjusted profit on one side, and a statutory loss on the other. Shares were trading at A$13.69 on 23 October 2026, up 0.96%.

Core Business Outpaces the Headline Loss

Continuing operations drove the improvement. Sales revenue climbed 17% to A$1,284 million and net revenue rose 10% to A$1,199 million. EBITDA grew 15% to A$530 million, and adjusted profit increased 28% to A$199 million, equal to adjusted earnings of 56 cents per share. Free cash flow reached A$246 million, up 21%.

The statutory result moved the other way. Total operations recorded a loss of A$371 million, reflecting a net loss of A$201 million at the SEEK Growth Fund, where portfolio value fell 13%, and significant items of A$377 million. Those items included a A$356 million total impairment of Zhaopin. Reported loss from continuing operations was A$307 million.

Yield Does the Heavy Lifting

Price rather than volume carried the revenue line. In ANZ, sales revenue rose 12% to A$945.4 million as job ad yield grew 14%. Australian job ad volumes fell 2%, while New Zealand volumes rose 8%.

Asia contributed A$253.5 million, up 3% or 5% in constant currency. Paid job ad yield rose 20% there, though paid job ad volumes fell 12%. Across the Asia Pacific region, group paid ad yield growth was 18%.

A Record Payout for Shareholders

The final dividend of 25 cents per share, fully franked, equals 100% of cash profit less capital expenditure. Combined with the interim payment, the full-year dividend reached 52 cents per share, fully franked, a record and 13% higher than the year before. The record date was 3 September 2026 and payment was made on 1 October 2026.

Management also upgraded its medium-term goals. SEEK now aims to grow yield by at least 10% annually through the cycle, keep cost growth to mid single digits and strengthen already leading positions in every market.

Guidance, Fund Sales and the Annual Meeting

For FY2027, guidance excludes the SEEK Growth Fund and significant items. SEEK expects net revenue of about A$1,210 million to A$1,280 million and total expenditure of about A$825 million to A$860 million, made up of operating expenses of about A$680 million to A$700 million and capital expenditure of about A$145 million to A$160 million. EBITDA is guided at about A$530 million to A$580 million and adjusted profit at about A$185 million to A$215 million.

At constant currency, the illustrative midpoints imply net revenue up 5%, total expenditure up 4%, EBITDA up 6% and adjusted profit up 3%.

The SEEK Growth Fund is working through a sale process for its Employment Hero stake. The company said next-phase plans for the fund, expected to be finalised before the end of calendar 2026, may include near-term sales of investments valued at more than A$1 billion. The annual general meeting is scheduled for 18 November 2026.