Slide 1: SEEK Limited – FY2025 Full Year Results Presentation
19 August 2025 The Manager ASX Market Announcements Office Australian Securities Exchange Dear Manager SEEK Limited – FY2025 Full Year Results Presentation In accordance with the Listing Rules, I enclose SEEK’s FY2025 Full Year Results Presentation for immediate release to the market. Yours faithful
Slide 2: SEEK Limited Full Year Results
SEEK LIMITED Full Year Results 12 months to 30 June 2025 ol seek and you shall find
Slide 3: Disclaimer
Disclaimer The material in this presentation has been prepared by SEEK Limited ABN 46 080 075 314 (“SEEK”). Presentation Includes general background information about SEEK’s activities, current as at the date of this presentation. The information is given in summary form and does not purport to be c
Slide 4: Acknowledgement of Traditional Custodians
ts] seek SEEK acknowledges the Traditional Custodians of the lands on which it operates. We extend this acknowledgement to all First Nations peoples across the Asia Pacific region in which SEEK is proud to operate. We pay respects to their rich cultures, to Elders past and present, and the continuin
Slide 5: FY25 Financial Overview
FY25 Financial Overview review Strategic Outlook delivery APAC employment marketplace
Slide 6: FY25 overview
FY25 overview alt seek
Slide 7: FY highlights
FY 25 highlights ~. Placement leadership: ANZ placement share higher vs pcp; Asia highest in recent history FF Double digit yield growth: yield driven by upgraded ad tiers and new products Momentum in Asia: higher yield and ad volumes with record candidate visits Revenue growth: yield growth offset
Slide 8: FY25 financial overview
7 FY25 financial overview Sales revenue* Net revenue* Total expenditure Opex Capex $1,097.0m $1,090.4m $761.1m $631.2m $129.9m up 1% up 1% down 2% up 3% down 19% EBITDA Adjusted Profit Reported Profit Net debt Full year dividend $459.2m $155.2m $238.3m $947.1m 46 cps down 2% down 13% pcp loss: $59.9
Slide 9: Strategic delivery
Strategic delivery alt seek
Slide 10: Strategic delivery: FY25
STRATEGIC DELIVERY: FY25 Delivery against strategic objectives is continuing Growing Growing Operating placements yield leverage ANZ placement share higher; Double digit Operating leverage and Asia highest in recent history! paid ad yield growth free cash flow growth + Higher candidate engagement +
Slide 11: Strategic delivery: Placements and yield
10 STRATEGIC DELIVERY: PLACEMENTS AND YIELD Al capability and market scale are combining to improve marketplace effectiveness Candidate Hirer Growing Growing placements yield Good morning, Amelia %} Refined for you Beta Fine-tune your job recommendations - tel Us what you're looking for with seekai.
Slide 12: Strategic delivery: Yield
STRATEGIC DELIVERY: YIELD Growing Upgraded ad tiers offer hirers more ™ performance and choice than ever before ad Job ads Estimated gy Tote 20 50 80 Lite Basic Advanced Premium applications Find candidates with For non-urgent, entry Enhanced targeting Top performing ad for lower priority level role
Slide 13: Strategic delivery: Yield – Sidekicker reacquisition
STRATEGIC DELIVERY: YIELD Sidekicker reacquisition enables growth into on-demand staffing About Sidekicker Sidekicker provides on-demand labour to businesses across a range of industries, such as hospitality, events, retail, customer service, aged care and warehouse and logistics fox wom fox am = ©
Slide 14: APAC
APAC = 2 et Es
Slide 15: Employment Marketplace: ANZ
14 EMPLOYMENT MARKETPLACE: ANZ ANZ revenue stable; double digit yield growth offset lower volumes Volumes Placement share! Yield Revenue ($m) FY25 FY24 +1% Revenue $m | Core job ads and ad enhancements 753 750 | Expanded sourcing solutions and other 92 90 840 || | | Job ads and ad enhancements reven
Slide 16: Employment Marketplace: ANZ
15 EMPLOYMENT MARKETPLACE: ANZ ANZ ad volume decline stabilised; candidate engagement grew Monthly paid ad volumes! and unique hirers (‘OOOs) + Australia and New Zealand ad volumes were down 10% 300 and 19% vs pcp respectively; the decline in volumes in 250 both markets stabilised in H2 with absolut
Slide 17: Employment Marketplace: ANZ
16 EMPLOYMENT MARKETPLACE: ANZ Greater performance and choice for customers enabled placement and yield growth Growing placements! 3.8x placement lead vs nearest competitor Placement share maintained vs H1 25, higher vs FY24 93% brand awareness 35% 35% 33% 20% 31% 31% H123 H2 23 H1 24 H2 24 H125 H2
Slide 18: Employment Marketplace: Asia
17 EMPLOYMENT MARKETPLACE: ASIA Asia revenue held despite the freemium rollout and weaker macroeconomic conditions Paid volumes Placement share! Yield Revenue ($m) +1% FY24 Volume Yield Other 1. Refer to metrics details (A), (D) and (H) on page 38. FY25 FY24 Revenue! $m Core job ads and ad enhanceme
Slide 19: Employment Marketplace: Asia
EMPLOYMENT MARKETPLACE: ASIA Total ad volumes and hirers in Asia grew; candidate visits reached record levels + Freemium delivered an increase in total ads (Lite and paid) and new hirers, with more than 30% growth in active hirers across the emerging markets + Paid ad volume declined due to macroeco
Slide 20: Employment Marketplace: Asia
EMPLOYMENT MARKETPLACE: ASIA Revenue from emerging Asia markets returned to pre-freemium levels Phase O: Phase 1: Phase 2: Phase 3: Phase 4: Evaluate and Freemium launch Deliver ad scale and Offset revenue spin Deliver revenue plan for launch manage revenue down (6-12 months) growth through transiti
Slide 21: Employment Marketplace: Asia
20 EMPLOYMENT MARKETPLACE: ASIA Freemium and benefits of the unified platform drove placements and supported yield Growing placements! Placement share highest in recent history - rebounded from lows during Unification; higher in most markets 53% brand awareness 26% H123 H2 23 H1 24 H2 24 H125 H2 25
Slide 22: Financial review
21 Financial review
Slide 23: FY25 Result: Financials
FY25 RESULT: FINANCIALS Financial result Constant currency $m FY25 FY24 Growth $ Growth % growth % Continuing Operations Sales revenue 1,097.0 1,084.1 12.9 1% 0% Less: contingent labour fulfilment costs 6.6 - 6.6 100% 100% Net revenue’ 1,090.4 1,084.1 6.3 1% 0% Less: operating expenses 631.2 615.2 1
Slide 24: FY25 Result: Operating leverage
23 FY25 RESULT: OPERATING LEVERAGE Operating Costs grew slower than revenue despite _ ongoing investment in competitive foundations Total expenditure ($m) down 2% . Opexup arene by: 4 FT - and in ationary impacts; an ; 7264 7763 701 ee ee ore apace 174.5 1611 129.9 $11m vs pcp; partially offset by ;
Slide 25: FY25 Result: Adjusted profit
FY25 RESULT: ADJUSTED PROFIT Adjusted profit was impacted by lower EBITDA and higher D&A Adjusted Profit ($m) | + Higher revenue as yield growth offset lower job a ad volumes Higher opex driven by FX and inflationary impacts, and movement of costs from capex to opex Higher depreciation and amortisat
Slide 26: FY25 Result: Cash flow
FY25 RESULT: CASH FLOW Operating leverage increased free cash flow Cash flow $m FY25 FY24 Change °< _ Freecash flow of $203m was 41% higher Net cash from operating activities 332.8 312.8 20.0 (up $59m) due to: ; ; Cash conversion ratio 99% 93% +6ppt - a$2Om increase in operating cash , flow, support
Slide 27: FY25 Result: Balance sheet
FY25 RESULT: BALANCE SHEET Distributions from the Fund reduced drawn debt Net debt $m FY25 FY24 Change + Net leverage ratio was lower vs pcp; well Cash 1502 799.4 (49.2) under SEEK’s target of below 2.5x Short-term investments 0.3 0.2 0.1 * Distributions from the Fund were used to Debt (1,097.6) (1,
Slide 28: SEEK Growth Fund
27 SEEK GROWTH FUND Total portfolio value ROI is 32%; up 7% in FY25 The Fund’s FY25 performance * The Fund’s total portfolio value (portfolio valuation including distributions) was up 7% in FY25 to $2,269m (FY24: $2,123m) driven by: - the partial sell down of Employment Hero at a premium to the Fund
Slide 29: Capital management
28 CAPITAL MANAGEMENT Approach towards capital management remained unchanged + Liquidity from the Fund: SEEK received seam in Palatalaiatatetatatatataiatatetatatatatetatete! cash distributions from the Fund in FY25 (or $107m Sieneneleesaunem : Liquidity from the Fund ' excluding Sidekicker proceeds)
Slide 30: Sustainability
SUSTAINABILITY Measurable progress made on key sustainability programs FY25 highlights Human rights ly scanned 100% of direct and indirect job ads for fair hiring risks Data & cybersecurity People Completed multi-year Privacy Maintained 50% gender and Cybersecurity diversity across the workforce rem
Slide 31: Outlook
Slide 32: Outlook
31 OUTLOOK Market leadership Platform and innovation Al and data Balance sheet flexibility Leading brand metrics and marketplace scale across APAC Scalable platform enabling faster innovation through more efficient product delivery Differentiated Al capability due to scale of customer base, job-seek
Slide 33: Outlook: Strategic focus to strengthen SEEK's leadership
32 OUTLOOK Strategic focus to strengthen SEEK's leadership FY28 revenue aspiration will no longer be reported on, to focus on controllable strategic outcomes rather than macroeconomic forecasting Growing Growing Operating placements yield leverage Revenue growth Placement share: Paid yield growth: a
Slide 34: Outlook: FY26 guidance
33 OUTLOOK FY26 guidance FY25 FY26 guidance FY26 key revenue and expenditure assumptions (approximate) + Revenue assumptions for the full financial year, which may be subject to fluctuations, are: - ANZ: revenue growth vs pcp driven by approximate 10% growth in yield, Net revenue $1,090m _ $1.15bn -
Slide 35: Appendix
Slide 36: Adjusted and Reported financial results
35 APPENDIX Adjusted and Reported financial results $m Sales revenue ANZ Asia Net revenue Opex Capital expenditure Total expenditure ANZ Asia Corporate costs EBITDA D&A Net interest SBP and other LTIs Share of associates Management fees Impairment Other Income tax Non-controlling interest Profit/(Lo
Slide 37: Financial impact of Sidekicker reacquisition
APPENDIX Financial impact of Sidekicker reacquisition Transaction overview + SEEK completed the 100% acquisition of Sidekicker on 30 May 2025, by acquiring the Fund’s 88% stake plus remaining minority shares. Prior to the acquisition, SEEK had ‘look through’ ownership of ~74% + The reacquisition val
Slide 38: Illustrative revenue and operating leverage scenarios over the medium term
APPENDIX Illustrative revenue and operating leverage scenarios over the medium term Illustrative revenue opportunity ($bn) Revenue scenarios 25 2.0 Return to FY23 volumes - ~ Increase from labour force growth 15 High single digit yield growth 1.0 Volumes and yield unchanged 0.5 from FY25 0.0 FY25 Me
Slide 39: Metrics
APPENDIX Metrics Placement share and A brand awareness (Australian and Asia) Source: Independent research conducted on behalf of SEEK in Australia and Asia. Represents six months of recent survey results and reflects SEEK and Jora Placement survey is based on respondents who changed/started jobs in
Slide 40: Definitions
39 APPENDIX Definitions APAC SEEK’s eight markets in Asia Pacific (Australia, New Zealand, Hong Kong, Malaysia, Singapore, Indonesia, Thailand and the Philippines) Adjusted Profit/(Loss) Reported Profit/(Loss) excluding the results from SEEK’s interest in the Fund and significant items Capex Capital
Slide 41: Additional information on investments
Additional information on investments alt seek 40
Slide 42: Investments: Accounting for the Fund and Zhaopin
4 INVESTMENTS Accounting for the Fund and Zhaopin SEEK Growth Fund $m FY25 FY24 Change $ Portfolio valuation 2,071.0 2,107.5 (36.5) Uncalled committed capital! 51.0 76.0 (25.0) Other net assets of the Fund? 2.9 1.4 15 Net asset value for equity accounting 2,124.9 2,184.9 (60.0) SEEK ownership 83.8%
Slide 43: Additional SEEK Growth Fund information: Investments across three priority themes
ADDITIONAL SEEK GROWTH FUND INFORMATION Investments across three priority themes HR SaaS Online Education Contingent Labour Investment Cloud-based solutions for Offers technology solutions Uses technology to connect themes businesses (mainly small and to either deliver or facilitate organisations an
Slide 44: Four businesses comprise 80% of the Fund's valuation
ADDITIONAL SEEK GROWTH FUND INFORMATION Four businesses comprise 80% of the Fund’s valuation Markets Last major capital raise Capital position FY25 performance Theme 43 1. SEEK increased its ownership in OES from 50% to 80% in 2017. €3 employment hero Australia, NZ, UK, SE Asia Oct 2023: $263m total