REA Group core net profit reaches $650M in FY26

• REA Group reported a 15% increase in full-year core net profit to $650 million.
• The company raised its final dividend by 25% to $1.73 per share.
• Growth was driven by strong yield expansion and diversification into commercial lending.

REA Group (ASX:REA) reported a 15% increase in full-year core net profit to $650 million following strong yield growth. EPS came up to $4.93.

Core revenue rose 7% to $1.79 billion, while residential buy listings remained flat against expected market declines. Australian revenue was up 11% to $1.71 billion.

"REA's unparalleled audience and proprietary data firmly position the business as a leading beneficiary of AI," said REA Group CEO Cameron McIntyre.

Reported net profit fell 19% to $552 million, down 19% due to a $111 million impairment on REA India and a $117 million reversal of impairment on the sale of PropertyGuru in FY25.

The company declared a final fully franked dividend of $1.73 per share, bringing the total dividend to $2.97 per share, up 20% year over year.

Following the announcement, the REA Group share price was up at $166.32.

The business expanded its financial services division by acquiring a 70% stake in commercial broker Simplicity Loans & Advisory.