The Seek Ltd (ASX: SEK) share price is in focus after the company reported its FY25 results, featuring 1% growth in net revenue to $1.09 billion and a 31% lift in its full-year dividend.
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What did Seek report?
- Net revenue rose 1% to $1,090 million
- EBITDA slipped 2% to $459 million
- Adjusted Profit fell 13% to $155 million; Reported Profit $238 million
- Free cash flow rose 41% to $203 million
- Full year dividend lifted 31% to 46 cents per share, fully franked
- Total expenditure fell 2% to $761 million
What else happened in FY25?
Seek strengthened its placement leadership, with ANZ market share rising and Asia hitting its highest levels in recent years. Yield grew at a double-digit pace, supported by new ad tiers, upgraded products, and more premium options for advertisers.
Freemium rolled out across five of Seek's six Asian markets, generating growth in ad scale and attracting new hirers. The company also completed the full acquisition of Sidekicker, providing a strategic entry to the $1.1 billion contingent labour market in Australia and New Zealand.
What did Seek management say?
Commenting on the result, CEO and Managing Director Ian Narev said:
Following the completion of our unification project in the last financial year, we have been clear on our key strategic goals: grow placement share, grow yield and deliver operating leverage. We achieved all three goals in FY2025. We also continued to strengthen the foundations of our ongoing competitiveness as outlined at our May 2025 investor day: customer focus, market leadership, scalable platform and differentiated AI capability.
What's next for Seek?
Seek expects FY26 net revenue of $1.15 billion to $1.25 billion, with adjusted profit guidance of $190 million to $220 million. The company is focused on growing placement share, yield, and operating leverage, with ongoing investment in digital innovation and platform scalability.
Management notes labour market conditions are stabilising but remain cautious about market volumes, particularly in Asia. The company intends to maintain its focus on execution and delivering value to investors as competition intensifies.
Seek share price snapshot
Over the past year, the Seek shares have risen 18%, outpacing the S&P/ASX 200 Index (ASX: XJO) which has increased 12%.
