Rea Group Ltd · ASX:REA
Rea — FY2026 Earnings Presentation
48 slides from Rea's earnings presentation, Aug 6, 2026
Slide 1: REA Group Investor & Analyst Presentation FY26
ASX Announcement 6 August 2026 REA Group Investor & Analyst Presentation FY26 On behalf of REA Group Ltd (ASX:REA) please find attached a results presentation for the year ended 30 June 2026. -ends- For further information, please contact: REA Group Ltd Investors: REA Group Ltd Media: Alice Bennett
Slide 2: Full year results
Full year results 6 August 2026 Changing the way the world experiences property
Slide 3: Agenda
Agenda 01 Financial highlights & strategy 02 Property market in FY26 03 Business highlights 04 Financial results update
Slide 4: Financial highlights & strategy
Financial highlights & strategy Cameron McIntyre Chief Executive Officer
Slide 5: FY26 core financial result
FY26 core financial result Net profit Reported net profit Revenue1, 2 EBITDA1, 2, 3 Free Cash Flow1 after tax1, 2 after tax1, 4 +7% +12% +15% +17% -19% $1,793m $1,088m $650m $628m $552m $1,730m (+12%) excl. India $1,121m (+12%) excl. India $682m (+14%) excl. India $676m (+18%) excl. India $673m (-5%
Slide 6: We have evolved our focus to three shared enterprise missions
Strategy We have evolved our focus to three shared enterprise missions OUR PURPOSE To change the way the world experiences property WHO WE SERVE OUR EDGE OUR MISSIONS Consumers OUR VISION Reinvent property experiences Customers Scale our growth engines Brokers Accelerate the organisation 5
Slide 7: Property market in FY26
Property market in FY26
Slide 8: FY26 listings volume in line with prior year with strong YoY growth in Q4
Property market update FY26 listings volume in line with prior year with strong YoY growth in Q4 against softer comparables National Buy listings improved through the year as comparables After substantial volatility from FY19 to FY23, FY26 national new eased, with strong Q4 YoY growth in all capital
Slide 9: Rising interest rates impacted demand, but properties continued to sell at a relatively typical rate
Property market update Rising interest rates impacted demand, but properties continued to sell at a relatively typical rate Growth in national buyer enquiries slowed towards the end of Softening demand moderately increased median days on FY26 driven by three interest rate rises and uncertainty follo
Slide 10: Rate rises and tax settings dampened buyer demand in Q4
Property market update Rate rises and tax settings dampened buyer demand in Q4 resulting in declines in house price growth. Rental market remains challenged Property price growth declined month-on-month in Q4, but National median rents reached a new high in the June quarter remained up on the prior
Slide 11: Business highlights
Business highlights
Slide 12: FY26 highlights
FY26 highlights Strategic and AI-prime and immersive consumer AI-led tools and products enhancing REA India update international experiences delivering better outcomes customer and broker value REA India sale announced in July 2026 Products and services driving efficiencies highlights New AI Assista
Slide 13: Record realestate.com.au audience and high-quality engagement
Audience leadership highlights Record realestate.com.au audience1(B) and high-quality engagement Australia’s #1 address in property Unique monthly audience1(D) RECORD 12.7m 12.1m 5.2m Unique audience lead over nearest competitor1(E) 10.8m Total average monthly FY24 FY25 FY26 146.4m visits to realest
Slide 14: Our rich proprietary datasets fuel our AI experiences
Proprietary datasets Our rich proprietary datasets fuel our AI experiences What Whateveryone elsesees everyone else sees What REA sees • Deepest on-market coverage Listing & • Live campaign performance transaction • 30+ years campaign history • Auction, sale & rental outcomes Rich outcomes • Owner-c
Slide 15: AI Assistant and immersive experiences deeply engaging consumers throughout the property journey
Consumer experience AI Assistant and immersive experiences deeply engaging consumers throughout the property journey 21% of AI 1 in 3 buyers say video and 3D Assistant tours make them sessions convert more likely to to a high-value inspect a action1 property2 Property Journey AI Assistant Immersive
Slide 16: Premium advertising products with more choice and flexibility driving customer value
Customer advertising and value Premium advertising products with more choice and flexibility driving customer value Premiere+ Audience Maximiser Luxe Record Premiere+ New Audience Additional Luxe value penetration Maximiser features including extending supporting buy yield and pricing options premiu
Slide 17: Innovative tools and services supporting customers to grow their businesses
Customer platforms and services Innovative tools and services supporting customers to grow their businesses Ignite underpins customer offering with increasing value driving customer uptake and engagement, +17% YoY increase in average monthly active users1 Campaign Assist Pro Strength in customer Pro
Slide 18: Record audience and innovation driving growth in Commercial
Commercial Record audience1(H) and innovation driving growth in Commercial Australia’s #1 commercial property website1(I) Enhanced consumer experiences supporting record audiences Record Elite Plus penetration • New points of interest on listings with maps highlighting public transport options • New
Slide 19: Financial Services delivered strong FY26 results and increased value for brokers
Financial services Financial Services delivered strong FY26 results and increased value for brokers Product innovation and brand investment drove revenue growth, supported productivity and delivered value to the broker network • Submission volumes increased 15% YoY and settlements up 13% • High-qual
Slide 20: AI is accelerating delivery and releasing capacity to reinvest in growth
AI product delivery AI is accelerating delivery and releasing capacity to reinvest in growth Agentic-first delivery 2.6x Reinvesting in growth Productivity1 proven in Reimagining product delivery - rewiring how teams work trial Agentic AI product delivery will release capacity to reinvest with agent
Slide 21: International highlights
International highlights
Slide 22: North America: Investing in product innovation and experiences
International North America: Investing in product innovation and experiences • Canadian-based proprietary camera and software platform, market • Audience and visits share: leader with ~25% of all homes sold in Canada in 2025 featuring an Monthly average visits for Q4 iGUIDE1 for Realtor.com® were 29
Slide 23: Market Outlook
Market Outlook 22
Slide 24: Financial results update
Financial results update Andrew Cramer Chief Financial Officer
Slide 25: Financial results from core operations
Financial results from core operations FY26 Group Revenue1, 2 FY26 EBITDA1, 2 FY26 EPS (Cents)1, 2 FY26 Free Cash Flow2 +7% YoY +12% YoY +15% YoY +17% YoY (+12% YoY excl. India) (+12% YoY excl. India) (+14% YoY excl. India) (+18% YoY excl. India) CAGR CAGR CAGR 11% 13% CAGR 12% 1,792.6 12% 1,672.8 1
Slide 26: Core financial results both including and excluding India
Core financial results both including and excluding India Core operations Core continuing operations (excluding India)2 Excl. Core results ($m)1 FY26 FY25 Growth $ Growth % FY26 FY25 Growth $ Growth % M&A%5 Revenue3 Australia 1,711.9 1,543.6 168.3 11% 1,711.9 1,543.6 168.3 11% 11% International 80.7
Slide 27: Core vs. reported results reconciliation
Core vs. reported results reconciliation Continuing Including India Operations Core vs. reported reconciliation ($m) FY26 FY25 FY26 FY25 Core operating income 1,792.6 1,672.8 1,730.4 1,543.6 (1) Share associate of non-core costs Includes REA’s share of costs (transaction, restructuring, revaluation
Slide 28: Continued growth in Residential revenue
Continued growth in Residential revenue Driven by double-digit Buy yield growth Residential revenue ($m) Residential national buy listings YoY change +12% 11% 1,290 7% 1,156 4% 0% 1% (3%) (8%) (8%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY25 FY26 National Sydney Melbourne Re
Slide 29: Double-digit controllable Buy yield growth
Double-digit controllable Buy yield growth With a neutral impact from geographical mix in FY26 Controllable Buy yield1 up 13% YoY Residential Buy Yield Breakdown (Controllable yield + Geo mix) • Drivers of the 13% FY26 controllable Buy yield growth were: o 7% average price rise 19% 3% o 6% from add-
Slide 30: Record Premiere+ and Audience Maximiser penetration
Record Premiere+ and Audience Maximiser penetration With YoY growth across all states Record Premiere Residential Buy Residential buy listings penetration1 and AMAX penetration2 listing depth penetration • Total depth penetration has increased YoY • Premiere+ penetration has grown YoY in all states
Slide 31: Commercial & New Homes
Commercial & New Homes Revenue up 9% driven by Commercial yield and New Homes Project Profile volumes Commercial & New Homes revenue ($m) Commercial total listings (sale and lease) YoY change +9% 238 3% 3% 2% 2% 2% 1% 218 (1%) (3%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY25
Slide 32: Financial Services delivers strong revenue and EBITDA growth
Financial Services delivers strong revenue and EBITDA growth Revenue up 11% driven by higher Mortgage Choice settlements and PropTrack customer data contracts Financial Services revenue ($m)1 Financial Services EBITDA ($m)1,2 Settlements ($bn) +13% YoY 27.0 21.7 23.7 +11% 114 103 42 +20% 25 35 22 14
Slide 33: Australian operating EBITDA margin expanded to 66% in FY26
Australian operating EBITDA margin expanded to 66% in FY26 Australia operating results growth and EBITDA margin1, 2 65.8% 64.6% Australia operating jaws open in FY26: 63.8% 6 5 % 62.5% 2 7 % • Australia’s operating EBITDA margin 2 2 % 22% 6 0 % increased to 66% in FY26 • Revenue (+11%) was driven by
Slide 34: A heightened focus on spend reduction in H2 saw Australian cost growth decelerate to 7%
A heightened focus on spend reduction in H2 saw Australian cost growth decelerate to 7% in FY26 Australia operational expenses ($m)1 Australia capital expenditure ($m) 140 132 25.0% 128 586 120 114 546 7% 20.0% 12% 39 489 23 100 % of revenue 54 COGS 20 56 Amount ($m) 54 80 15.0% 56 48 Other operatin
Slide 35: Strong cash generation and balance sheet provide capital allocation flexibility
Strong cash generation and balance sheet provide capital allocation flexibility Free Cash Flow ($m)1 Shareholder Returns ($m) 546 17% 628 Dividends paid 200 16% 538 Share buy-back 464 346 280 225 FY24 FY25 FY26 FY24 FY25 FY26 Strong and accelerating free cash flow growth Flexible balance sheet • Fre
Slide 36: FY27 Outlook
FY27 Outlook • Owing to a stronger than expected finish to FY26, FY27 new Buy listings anticipated to be flat to down low single-digits – July listings were -2% YoY, with combined Melbourne and Sydney listings declining by 16%, and Brisbane, Perth and Adelaide increasing by 13% • The Group continues
Slide 37: NN tid aS
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Slide 38: Supplementary information
Supplementary information
Slide 39: Reconciling core to reported results
Reconciling core to reported results REA India is treated as a discontinued operation and held for sale for statutory reporting purposes following the announcement of the sale of Housing.com to Indian listed Aurum PropTech Limited (Aurum) in July 2026. PropTiger was previously sold to Aurum in Septe
Slide 40: Strong cash position supporting increased investment
Strong cash position supporting increased investment Group cash flow ($m) Strong operating cash flows • Operating cash flow of $771m, with free cash flow of $628m (+17% YoY) Continued strategic investment • Investment in subsidiaries and associates mainly (1,404) relates to iGUIDE ($51m)2 and Simpli
Slide 41: Cash flow reconciliation
Cash flow reconciliation Cash flow reconciliation ($m) FY26 FY25 Growth % EBITDA excluding associates1 1,087.7 969.2 12% Free cash flow Working capital movement (66.2) (40.4) (64%) • EBITDA growing 12% YoY Net interest received 13.9 1.9 >100% • Working capital unfavourability partly due to payment o
Slide 42: Revenue breakdown
Revenue breakdown Revenue category ($m)1, 2 FY26 FY25 Growth % Revenue category ($m)1, 2 FY26 FY25 Growth % Australia Australia Depth revenue3 1,441.9 1,304.4 11% Residential 1,289.6 1,156.2 12% Subscription revenue3 85.7 69.6 23% Commercial & New Homes 238.0 217.8 9% Other 69.9 66.5 5% Other 69.9 6
Slide 43: Depreciation and Amortisation
Depreciation and Amortisation Depreciation and amortisation ($m)1 FY25 FY26 FY27 REA Group ($m) Actual Actual Forecast Continuing operations Depreciation & amortisation 1 Core depreciation & amortisation 100 112 121-125 • Australia D&A is expected to lift in FY27 on Depreciation of leases 10 8 6-8 t
Slide 44: Financial comparatives (including India)
Financial comparatives (including India) Core Financial Results1 Reported FY22 FY23 FY24 FY25 FY26 FY25 FY26 Group results $m Growth % $m Growth % $m Growth % $m Growth % $m Growth % $m $m Total revenue2 1,169.5 26% 1,183.2 1% 1,452.8 23% 1,672.8 15% 1,792.6 7% 1,672.8 1,792.6 Total operating income
Slide 45: Continuing business financial comparatives (excluding India)
Continuing business financial comparatives (excluding India) Core Financial Results1 Reported FY22 FY23 FY24 FY25 FY26 FY25 FY26 Group results $m Growth % $m Growth % $m Growth % $m Growth % $m Growth % $m $m Total revenue2 1,115.6 23% 1,104.4 (1%) 1,349.7 22% 1,543.6 14% 1,730.4 12% 1,543.6 1,730.4
Slide 46: Glossary
Glossary Buyer enquiries include email enquiry, phone number reveals, applied for inspection, SMS agent, and Buyer enquiries New Homes brochure downloads. Cash Cash includes cash and cash equivalents. EBITDA Earnings before Interest, Tax, Depreciation and Amortisation excluding contribution from ass
Slide 47: Audience metric sources
Audience metric sources Ipsos iris Online Audience Measurement Service, Jul 2025 - Jun 2026 (average), P14+, PC/laptop/smartphone/tablets, text only, Homes and Property Category, A Brand Group, Realestate.com.au, Monthly Visits (000’s). Ipsos iris Online Audience Measurement Service, Jul 2025 - Jun
Slide 48: Visit our investor site at rea-group.com
Disclaimer Visit our The information in this presentation is in summary form only and does not purport to be comprehensive or complete. It contains information that has been derived from publicly available sources that has not been independently verified. This presentation should be read in conjunct