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SEEK Limited (ASX:SEK)

ALERT: Price-sensitive ASX Announcement for SEK
Current share price for SEK : $14.740 -2.36 (-13.80%)+
Announcement
Release
17 Feb 2026 8:24AM
Price at Release
$17.100
Full Release
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Summary
SEEK Limited reported strong financial results for the first half of FY2026, with a 21% increase in sales revenue and a 12% rise in net revenue compared to the previous year. The company achieved a 19% growth in EBITDA and a significant 35% rise in adjusted profit. Despite challenging macroeconomic conditions, SEEK maintained its market leadership in Australia and saw strong yield growth in both the ANZ and Asian markets. However, the company reported a loss due to a $356 million impairment related to Zhaopin. The interim dividend was increased by 13% to 27 cents per share. SEEK's strategic investments in AI and technology have continued to drive growth and operational efficiency. The company has commenced a sale process for its stake in Employment Hero and plans to open a liquidity window in 2026.
Key Points
  • Sales revenue increased by 21% to $647 million.
  • Net revenue rose by 12% compared to H1 FY2025.
  • EBITDA grew by 19%, and adjusted profit increased by 35%.
  • Reported a loss due to a $356 million impairment on Zhaopin.
  • Interim dividend increased by 13% to 27 cents per share.
  • Strong market leadership maintained in Australia with a placement share lead of 4.9x.
  • Yield growth driven by new AI-enabled ad tiers.
  • Commenced sale process for stake in Employment Hero.
  • FY2026 guidance estimates net revenue between $1.19bn and $1.23bn.
  • Capital expenditure increased by 24% due to investments in technology and AI.
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.