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PEXA Group Limited (ASX:PXA)

ALERT: Price-sensitive ASX Announcement for PXA
Current share price for PXA : $8.730 -5.58 (-38.99%)+
Announcement
Release
27 Feb 2026 8:16AM
Price at Release
$14.310
Full Release
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Summary
PEXA Group Limited reported strong financial results for the first half of FY26, ending December 31, 2025. The company's revenue rose by 10% to $215.3 million, driven by record transaction volumes in Australia and recovery in the UK market. The EBITDA margin increased to 39.9%, with EBITDA itself growing by 19% to $85.8 million. PEXA's core financial performance was bolstered by cost efficiencies and a significant increase in UK market activities. Australia's transaction volumes reached new records, including a daily peak of 41,000 transactions on December 19, 2025. In the UK, PEXA's remortgage and Sale & Purchase volumes rose significantly as well. The company implemented a cost optimisation program expected to save over $10 million annually. The financial outlook for the second half of FY26 includes the launch of the AML product 'PEXA Clear' and continued efforts to enhance platform resilience and innovation.
Key Points
  • PEXA reported a 10% increase in group revenue to $215.3 million.
  • EBITDA margin rose to 39.9%, and EBITDA grew by 19% to $85.8 million.
  • Australia's transaction volumes set a new record with a peak of 41,000 transactions processed in a single day.
  • The UK market saw a 15% increase in Sale & Purchase volumes and a 24% rise in remortgage volumes.
  • PEXA's cost optimisation program is expected to save over $10 million annually.
  • Net leverage improved to 1.4x, and free cash flow increased by 25% to $40.2 million.
  • The company plans to launch 'PEXA Clear' ahead of the July 2026 compliance date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.