REA Group posts strong FY26 earnings but warns of softer listings in FY27

REA Group Ltd reported FY26 core net profit after tax of $650.5 million, a 15% increase year‑on‑year, and revenue of $1.79 billion, up 7%. EBITDA rose 12% to $1.09 billion and the company announced a fully franked final dividend of $1.73 per share, taking the total FY26 dividend to $2.97 per share, a 25% rise.

National residential buy listings were flat for the year, beating the company’s guidance for a 1%‑3% decline, and residential‑buy yield grew 13% driven by premium advertising. However, REA expects listing volumes to stay under pressure in FY27, forecasting flat or low‑single‑digit declines, with July listings already 2% lower year‑on‑year and a 16% drop in Sydney and Melbourne.

The group highlighted AI as a long‑term growth driver, rolling out a consumer‑facing AI assistant and AI‑powered tools for Mortgage Choice brokers. It also launched a video hub on its app home screen and expanded its commercial‑lending footprint by acquiring a 70% stake in Simplicity. In India, REA sold Housing.com to Aurum PropTech, retaining a 24.9% stake.