Employment marketplace giant SEEK (ASX:SEK) reported a period of strategic growth despite a complex macroeconomic backdrop in H1 FY26, revealing sales revenue rose 21% to $647 million.
While the company recorded a statutory loss of $178 million—largely attributed to a pre-announced $356 million impairment charge related to its investment in the Chinese platform Zhaopin—underlying performance remained robust.
Adjusted net profit jumped 35% to $104 million, fueled by AI-driven product innovations that improved pricing yield even as job advertisement volumes in Australia and New Zealand experienced slight dips.
The company’s dominant market position was further solidified, with SEEK now holding a placement share lead nearly five times larger than its nearest competitor.
Investors were rewarded with a record fully franked interim dividend of 27 cents per share, a 13% increase from the previous year.
SEEK management upgraded its full-year guidance, forecasting net revenue between $1.19 billion and $1.23 billion.
The outlook is supported by ongoing marketplace efficiencies and the planned divestment of the SEEK Growth Fund’s stake in Employment Hero later this year.