Melbourne-based PEXA Group (ASX:PXA) has reported an uplift in financial performance for the first half of the 2026 financial year.
For the six months ended Dec. 31, 2025, the digital property exchange platform saw group revenue climb 10% to $215.3 million, compared to $195.9 million in the previous year.
The growth was largely driven by record transaction volumes in the Australian market and continued recovery in the United Kingdom.
The company's profitability metrics showed substantial improvement, with group EBITDA rising 19% to $85.8 million.
The result was bolstered by an expanded EBITDA margin of 39.9%, up from 36.8% in H1 FY25, reflecting effective cost optimisation and increased operating leverage.
Net profit after tax for continuing operations saw a dramatic turnaround, swinging from a $29.5 million loss in H1 FY25 to a $15.4 million profit.
Earnings per share rose to 8.7 cents, a recovery from the previous period's negative 16.7 cents.
CEO Russell Cohen attributed the success to disciplined cost management and a historic surge in Australian property activity.
PEXA set an all-time daily record on Dec. 19, 2025, processing 41,000 transactions—a 14% increase over the previous 2024 high.
The group's balance sheet also strengthened, with free cash flow increasing 25% to $40.2 million and leverage reducing to 1.4x.
Looking ahead, the company expects its ongoing cost-saving initiatives to deliver more than $10 million in annualised savings.