Skip to main content
Grafa
Property
PEXA returns to profit in FY26 with $19.2M earnings
Image for illustrative purposes only. Not a real photo.

PEXA returns to profit in FY26 with $19.2M earnings

Share
  • PEXA Group turned a $19.2 million statutory net profit after tax from continuing operations for the full year ended June 30.
  • Following the announcement, the PEXA share price was up at $8.09.
  • The company focused on continuing businesses, expanding UK digital remortgage services, and divesting non-core assets.

Digital property exchange provider PEXA Group (ASX:PXA) returned to profitability with a statutory net profit after tax from continuing operations of $19.2 million for the 12 months ended June 30.

The financial recovery contrasts with the prior period, during which the business recorded a statutory net loss after tax of $65.6 million.

"In Australia, we also continued to engage constructively with IPART through its review of ELNO service fees," said PEXA CEO and Group Managing Director Russell Cohen.

Group revenue rose 7% to $406.9 million while operating cash flow expanded 39% to $93.5 million, allowing leverage to drop from 1.8 times to 1.0 times.

Following the announcement, the PEXA share price was up at $8.09.

For FY27, group revenue is expected to be around $385-$415 million, while group net profit after tax is expected to be between $5 and $20 million.

The group expanded its platform operations internationally by delivering digital remortgage capability for NatWest in the United Kingdom ahead of schedule.

To streamline operations and focus on core services, the company completed a strategic review and executed the sale of its digital solutions businesses.

Frequently asked questions