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SEEK Limited (ASX:SEK)

ALERT: Price-sensitive ASX Announcement for SEK
Current share price for SEK : $12.890 -4.21 (-24.62%)+
Announcement
Release
17 Feb 2026 8:23AM
Price at Release
$17.100
Full Release
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Summary
SEEK Limited's half-year report for the fiscal year 2026 outlines significant financial and operational changes. The company reported an adjusted profit increase of 35% compared to the previous year, despite a reported loss due to a substantial impairment related to its investment in Zhaopin. Revenue grew by 12%, driven by a 17% growth in job ad yields, although paid ad volumes decreased due to economic conditions and freemium models. Operating leverage was evident as revenue growth outpaced cost increases. SEEK's strategic focus on growing placements and yield, supported by investments in technology and AI, bolstered its market leadership, especially in Australia. They declared a record interim dividend of 27 cents per share, reflecting a 13% increase. The reacquisition of Sidekicker contributed to revenue and expenditure growth. Overall, SEEK's financial position remains robust with ongoing strategic investments in growth and innovation.
Key Points
  • Adjusted profit increased by 35% versus H1 FY2025.
  • Reported a net loss primarily due to Zhaopin impairment.
  • Revenue grew by 12%, driven by job ad yield growth.
  • Interim dividend increased by 13% to 27 cents per share.
  • Reacquisition of Sidekicker impacted financial results.
  • Continued investment in AI and technology for strategic growth.
  • Operating leverage as revenue growth outpaced cost growth.
  • Strategic focus on growing placements and market leadership.
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.