Slide 1: SEEK Limited – FY2026 Full Year Results Presentation
12 August 2026 The Manager ASX Market Announcements Office Australian Securities Exchange Dear Manager SEEK Limited – FY2026 Full Year Results Presentation In accordance with the Listing Rules, I enclose SEEK’s FY2026 Full Year Results Presentation for immediate release to the market. Yours faithful
Slide 2: Full Year Results
SEEK LIMITED Full Year Results 30 June 2026
Slide 3: Disclaimer
Disclaimer The material in this presentation has been prepared by SEEK Limited ABN 46 080 075 314 (“SEEK”). Presentation Readers should not place undue reliance on the forward - looking statements, and past Includes general background information about SEEK’s activities, current as at the date perfo
Slide 4: Acknowledgement of Traditional Custodians
SEEK acknowledges the Traditional Custodians of the lands on which it operates. We extend this acknow ledgement 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 continuing custod
Slide 5: Contents
CONTENTS FY26 overview Financial results APAC employment marketplace Data and trust are unique strengths in the age of AI SEEK Growth Fund Outlook 4
Slide 6: FY26 overview
FY26 overview a seek
Slide 7: FY26: Continued delivery against commitments
FY26: Continued delivery against commitments Yield 18% yield growth across APAC; 6th consecutive year of double - digit growth Operating leverage 10% revenue growth and 8% total cost growth; 4th consecutive half of operating leverage Placements Placement share stable across Australia and Asia; posit
Slide 8: Financial results
Financial results 7
Slide 9: FY26 financial performance
FINANCIAL RESULTS FY26 financial performance SALES NET TOTAL OPEX CAPEX REVENUE REVENUE EXPENDITURE $1,284m $1,199m $821m $669m $152m ▲ + 17% ▲ + 10% + 8% + 6% + 17% ADJUSTED REPORTED ADJUSTED FULL YEAR EBITDA PROFIT LOSS 1 EPS DIVIDEND $530m $199m ($307m) 56cps 52cps pcp profit: ▲ + 15% ▲ + 28% ▲ +
Slide 10: EBITDA up 15%; adjusted profit up 28%
FINANCIAL RESULTS EBITDA up 15%; adjusted profit up 28% Net revenue EBITDA Adjusted profit ▲ +10% ▲ +15% ▲ + 28% $1,090m $1,199m $530m $459m $155m $199m FY25 FY26 FY25 FY26 FY25 FY26 Yield growth of 18% more than Operating leverage of two Revenue and EBITDA growth offset paid ad volume decline of pe
Slide 11: Operating leverage maintained even as innovation and AI spend increased
FINANCIAL RESULTS Operating leverage maintained even as innovation and AI spend increased + 8% Total expenditure up 8% 1 vs revenue growth up 10% Grow - the - business costs up 10%: investment grew to fund AI and product innovation and the inclusion of Sidekicker . Spend on AI compute and token cost
Slide 12: Confidence to determine a record full year dividend
FINANCIAL RESULTS Confidence to determine a record full year dividend Net debt Free cash flow Dividends leverage ratio ▲ + 21% 0.3x ▲ + 13% $246m 46cps 52cps $203m 2.1x 1.8x FY25 FY26 FY25 FY26 FY25 FY26 Free cash flow up 21%, Net leverage ratio well within Record full year dividend of operating cas
Slide 13: APAC employment marketplace
APAC employment marketplace 12
Slide 14: FY26: Continued delivery against commitments
EMPLOYMENT MARKETPLACE: APAC FY26: Continued delivery against commitments Yield APAC yield growth of 18%, underpinned by depth adoption and value - based pricing Placements Placement share stable in Australia and Asia, reflecting SEEK’s leadership position Revenue Accelerating Asia revenue growth; 1
Slide 15: Revenue grew 12% as yield growth of 14% more than offset lower volumes
EMPLOYMENT MARKETPLACE: ANZ Revenue grew 12% as yield growth of 14% more than offset lower volumes VOLUMES PLACEMENT SHARE YIELD - 1% 35.5% ▲ + 14% vs pcp 4x placement lead vs nearest absolute growth vs pcp competitor in Australia Revenue ($m) FY26 FY25 +12% Revenue $m Core job ads and ad enhancemen
Slide 16: Volumes declined only 1% despite macro environment
EMPLOYMENT MARKETPLACE: ANZ Volumes declined only 1% despite macro environment • ANZ ad volumes declined 1% Monthly paid ad volumes and unique hirers (‘000s) 250 – Australia ad volumes were down 2% vs pcp , as macro conditions weighed on hiring activity in H2 200 - 1% – New Zealand ad volumes grew 8
Slide 17: Yield increased as hirers paid more for greater confidence in outcomes
EMPLOYMENT MARKETPLACE: ANZ Yield increased as hirers paid more for greater confidence in outcomes FY26 PAID AD YIELD GROWTH ▲ +14% Sustained yield growth Increase in depth ad adoption Advanced and Premium ads as % of total paid ads 14% 13% 13% Drivers of yield: 27% Increase in depth adoption due to
Slide 18: Revenue grew 3%; stronger underlying growth impacted by freemium, macro and FX
EMPLOYMENT MARKETPLACE: ASIA Revenue grew 3%; stronger underlying growth was impacted by freemium, macro conditions and FX VOLUMES PLACEMENT SHARE PAID AD YIELD - 12% 25.4% ▲ + 20% vs pcp absolute growth vs pcp Revenue ($m) FY26 FY25 Revenue $m +3% (+5% constant currency) Core job ads and ad enhance
Slide 19: Unique hirer and candidate numbers grew
EMPLOYMENT MARKETPLACE: ASIA Unique hirer and candidate numbers grew Monthly ad volumes and unique hirers (‘000s) 250 • Paid ad volumes declined given the transition to PH HK MY freemium, and weaker macro conditions, particularly in 200 (May - 24) TH SG ID Hong Kong - 12% • Total ad volumes and hire
Slide 20: Yield growth was driven by aligning price to value and depth adoption
EMPLOYMENT MARKETPLACE: ASIA Yield growth was driven by aligning price to value and depth adoption FY26 PAID AD YIELD GROWTH ▲ +20% Sustained yield growth Increase in depth ad adoption Advanced and Premium ads Drivers of yield: as % of total paid ads 28% Increase in depth adoption due to the 24% lau
Slide 21: Freemium rollout complete; indicators are promising
EMPLOYMENT MARKETPLACE: ASIA Freemium rollout complete; indicators are promising as H2 revenue grew 10% in constant currency Freemium rollout Early outcomes Leading revenue complete confirm the strategy indicators validate the strategic intent Ad type to suit every hirer’s needs Revenue back to pre
Slide 22: Data and trust are unique strengths in the age of AI
Data and trust are unique strengths in the age of AI 21
Slide 23: SEEK’s unique strengths
SEEK’s unique strengths AI is widespread. Proprietary data and trust are not. SEEK’s strengths are enhanced and compounding in the age of increasing AI use. This enables SEEK to match the right person with the right job at the right time in a constantly changing market Data Trust • Scale • Brand • N
Slide 24: SEEK’s unique strengths: Data
SEEK’s unique strengths: Data While AI is making it easier for candidates and hirers to express their preferences, high - value outcomes depend on the best matching Scale Non - replicable Real - time >750m Candidates Hirers SEEK’s live data of changing availability and preferences data points per da
Slide 25: SEEK’s unique strengths: Trust
SEEK’s unique strengths: Trust As AI - generated content becomes more prevalent, the trust SEEK has on both sides of the marketplace is a more important differentiator, driving loyalty and preference Brand Integration with Verified workflows information 91% >60m >16m unaided brand awareness candidat
Slide 26: New AI tools launched that transform how candidates discover jobs
New AI tools launched that transform how candidates discover jobs Career feed Career agent Proactive, personalised role matching Helps candidates make better decisions 9:41 Now live Now scaling Learns from candidate profile and search behaviour Provides tailored career guidance and matching Engages
Slide 27: New AI tools launched that transform how hirers discover candidates
New AI tools launched that transform how hirers discover candidates Personalised t argeting Assist agent Improves match quality with every hire made Moves candidates from vacancy to hire, faster Now live Now live Learns each hirer’s preferences from their past hiring Personalised fit explanations fo
Slide 28: SEEK’s unique strengths create value for customers and shareholders
SEEK’s unique strengths create value for customers and shareholders Greater customer preference drives more Growing placements from already leading market placements positions Better matching, faster placements and more Upgraded Growing yield certainty help unlock significant yield growth runway str
Slide 29: SEEK’s goal is to grow from already leading market positions
GROWING PLACEMENTS SEEK’s goal is to grow from already leading market positions Australia placement share Placement share has continued its positive 36% 35% trajectory over several years, as SEEK’s competitive 31% 33% advantages have strengthened brand preference, network effects and SEEK’s leadersh
Slide 30: A diverse job mix positions SEEK well across future labour market scenarios
GROWING PLACEMENTS A diverse job mix positions SEEK well across a range of future labour market scenarios The impact of AI on the labour While the future is uncertain, AI SEEK’s strength is its diversity market remains modest creates demand for new skills across the job market While AI is beginning
Slide 31: Better placement outcomes drive willingness to pay; significant yield growth runway
GROWING YIELD Better placement outcomes drive willingness to pay; significant yield growth runway ahead APAC yield growth Consistent double digit yield growth has 16% 18% 15% 16% demonstrated that hirers’ willingness to pay rises when they become confident in a successful outcome 10% Confidence in o
Slide 32: AI process transformation is unlocking productivity
OPERATING LEVERAGE AI process transformation is unlocking productivity AI process transformation is unlocking productivity AI is already changing SEEK’s way of working gains that outweigh the increase in AI costs , which we allocate and measure, and are currently a low single digit >85% >75% share o
Slide 33: SEEK's strategic goals, now set higher, sustain margin expansion
SEEK's strategic goals, now set higher, sustain margin expansion through the cycle Growing Growing Operating placements yield leverage Placement share: Paid ad yield growth: Revenue growth above cost growth: Grow leadership position Minimum 10% growth Mid single digit in every market cost growth 32
Slide 34: SEEK Growth Fund
SEEK Growth Fund 33
Slide 35: Total portfolio value declined 13% in FY26; ROI of 12%
SEEK GROWTH FUND Total portfolio value declined 13% in FY26 ; ROI of 12% The Fund’s FY26 performance The Fund update • The sale process announced by the Fund in relation to its stake in Employment • The Fund’s total portfolio value was down Hero is still in progress 13% in FY26 to $1,978.0m (FY25: $
Slide 36: Outlook
Outlook 35
Slide 37: FY27 guidance
OUTLOOK FY27 guidance FY27 FY27 key revenue and expenditure assumptions FY26 guidance • Revenue assumptions for the full financial year, which may be subject to fluctuations, are: - ANZ: revenue growth vs pcp driven by approximately 10% growth in yield . Guidance assumes a base case of mid single di
Slide 38: Appendix
37 Appendix alt seek
Slide 39: Detailed financial results
APPENDIX Detailed financial results FY26 FY25 Adjusted FY26 vs FY25 $m SEEK SEEK Constant Significant Significant Adjusted Growth Reported Adjusted Growth Reported Growth $ Growth % currency items 1 items Fund Fund growth % Sales revenue 1,284.2 - - 1,284.2 1,097.0 - - 1,097.0 187.2 17% 18% ANZ 945.
Slide 40: Adjusted profit growth driven by operating leverage
APPENDIX: PROFIT AND LOSS Adjusted profit growth driven by operating leverage Adjusted profit vs pcp +28% • Higher EBITDA as revenue growth of 10% exceeded operating expense growth of 6% • Higher D&A due to an increase in product development investment over the last five years, including Platform Un
Slide 41: Free cash flow was 21% higher due to earnings growth
APPENDIX: CASH FLOW Free cash flow was 21% higher due to earnings growth Cash flow $m FY26 FY25 Change Operating cash flows 551.6 456.9 94.7 • Net cash from operating activities of $397.7m, up Finance costs, transaction costs and taxes (153.9) (124.1) (29.8) $64.9m vs pcp , was driven by higher earn
Slide 42: Net leverage ratio below 2x
APPENDIX: BALANCE SHEET Net leverage ratio below 2x Net debt $m FY26 FY25 Change Cash 136.6 150.2 (13.6) • Net debt was largely in line with FY25 Short - term investments - 0.3 (0.3) Debt (1,099.0) (1,097.6) 1.4 • Net leverage ratio was lower vs pcp ; well within Consolidated net debt (962.4) (947.1
Slide 43: Capital management framework
APPENDIX: CAPITAL MANAGEMENT Capital management framework Strong operating cash flows Liquidity from the Fund Long - term investment Product & tech investment Optionality for M&A Balance sheet strength Working capital Debt capacity Remaining capital Dividends 1 Capital flexibility 42 1. Dividend pol
Slide 44: Classification of job ads by automation exposure
APPENDIX: JOB ADS BY AUTOMATION EXPOSURE Classification of job ads by automation exposure High automation exposure • Call centre workers • Keyboard operators • Telemarketers • Office clerks (general, HR, accounting) • Jobs and Skills Australia has measured the degree to which tasks within a given ro
Slide 45: AI governance at SEEK
APPENDIX: SUSTAINABILITY AI governance at SEEK SEEK takes an integrated approach to AI governance across the organisation ONE: TWO: THREE: FOUR: FIVE : Certified Governed Embedded Capability AI and in practice built climate ISO 42001: AI Responsible AI Responsible AI reviews AI Foundations SEEK - SE
Slide 46: Metrics
APPENDIX Metrics Source: Independent research conducted on behalf of SEEK in Australia and Asia and reflects SEEK and Jora. Placement share represents recent survey results of respondents who changed/started jobs in the last 12 months. Independent research provider will Placement share change in FY2
Slide 47: Definitions
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. Adjusted EPS Ad
Slide 48: Additional information on investments
Additional information on investments 47
Slide 49: Accounting for the Fund and Zhaopin
INVESTMENTS Accounting for the Fund and Zhaopin SEEK Growth Fund Zhaopin $m FY26 FY25 Change $ RMBm FY26 FY25 Growth % Portfolio valuation 1,771.6 2,071.0 (299.4) Pro forma (100% basis) Uncalled committed capital 1 - 51.0 (51.0) Online revenue 1,382.0 1,480.9 (7%) Other net assets of the Fund 2 21.9
Slide 50: 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 with AI Offers technology solutions to Uses technology to connect themes features for businesses (mainly either deliver or facilitate online
Slide 51: Four businesses comprise 74% of the Fund’s valuation
ADDITIONAL SEEK GROWTH FUND INFORMATION Four businesses comprise 74% of the Fund’s valuation Markets Australia, NZ, UK, SE Australia, Asia, UK, Australia, Asia, UK, Australia, US, NZ, UK Asia US, Europe US, Europe Last major capital Oct 2023: $263m total Jun 2022: US$100m. Sep 2023: US$150m. N/A ($1
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