Key highlights

  • REA reported core Revenue of $1,793 million, up 7%, and net profit of $650 million, up 15%, for FY26 on 6 August 2026.
  • Reported net profit fell 19% to $552 million, mainly reflecting a $111 million Impairment of REA India.
  • The final Dividend was $1.73 per share fully franked, with a full-year dividend of $2.97, up 20%.

REA Group Ltd (ASX:REA) announced its results for the year ended 30 June 2026 on 6 August 2026. The release covered revenue, costs, profit, dividends, buy-backs and acquisitions, and set out an outlook for FY27.

About REA Group

REA Group operates online property marketplaces, led by realestate.com.au in Australia, and has related financial services, including Mortgage Choice, as well as interests in other markets. It earns revenue mainly from property listings and Advertising by agents.

Financial results

Core revenue was $1,793 million, up 7% (Australia up 11%). Operating expenses were $705 million, flat on the prior year, and EBITDA excluding associates was $1,088 million, up 12%. The Australian operating EBITDA Margin expanded to 66%. Net profit from core operations was $650 million, up 15%, with EPS of $4.93, up 15%, and free Cash Flow rose 17%.

Reported net profit was $552 million, down 19%, largely because of a $111 million impairment of REA India in FY26 and a $117 million impairment Reversal on the sale of PropertyGuru in FY25.

Residential and audience metrics

Residential revenue rose 12%, helped by Buy Yield growth of 13% and flat Buy listings, which was better than the anticipated fall of 1% to 3% because of a higher-than-expected fourth quarter. The Australian audience averaged 12.7 million people a month, with 146.4 million monthly visits, up 11%, and 2.5 million buyer enquiries, up 8%.

Active members rose 14% and seller leads rose 22%. The company launched a consumer AI Assistant to all members and a video hub on its app.

Capital returns and acquisitions

The final dividend was $1.73 per share fully franked, up 25%, taking the full-year dividend to $2.97, up 20%. A $200 million on-market buy-back was executed, with over 1.25 million shares purchased. REA acquired a 70% stake in Simplicity Loans & Advisory to extend Mortgage Choice into commercial lending, and acquired North American 3D visualisation business Planitar, which makes iGUIDE.

FY27 outlook

Because listings were higher than expected in the fourth quarter of FY26, new national Buy listings are expected to be flat to down low single digits in FY27. July listings were 2% lower on the prior corresponding period. Excluding acquisitions, operating costs are expected to increase mid single digits, and including acquisitions group operating costs are expected to increase mid to high single digits. Contributions from associates’ losses are expected to improve modestly.

Risks to consider

Revenue depends on property listing volumes, which the company expects to be flat to lower in FY27. Reported profit was hit by the REA India impairment, showing that overseas investments can reduce earnings.

Operating costs are expected to rise mid to high single digits including acquisitions, and acquisitions of Simplicity and Planitar need to be integrated. Competition, housing market conditions and regulation can also affect results.

Catalysts to watch

Items to watch include FY27 national Buy listings, Buy yield growth, cost growth of mid to high single digits including acquisitions, progress of the AI and video products, and the integration of Simplicity and Planitar.