The PEXA Group Ltd (ASX: PXA) share price will in focus on Wednesday after the company updated investors on its response to IPART's draft report into ELNO service fees.
Key highlights include confirmation of 4.2 million Australian Exchange transaction volumes for FY26 and expectations for a fall in volumes in FY27 due to macroeconomic conditions.
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What did PEXA Group report?
- PEXA recorded 4.2 million Exchange transaction volumes in FY26, comprising 2.67 million transfers, 0.97 million refinances, and 0.55 million other transactions.
- July 2026 transfer volumes reached approximately 192,000.
- PEXA has not yet confirmed its FY26 financial results or FY27 guidance; these are due to be released on 28 August 2026.
- PEXA expects transaction volumes to decline in FY27 as a result of recent macroeconomic changes.
What else do investors need to know?
PEXA has formally lodged its submission in response to the Independent Pricing and Regulatory Tribunal (IPART)'s draft report on ELNO service fees. This response includes several independent expert reports commissioned by PEXA, offering alternative methodologies for assessing digital platform service fees and rates of return.
The outcome of the IPART review could impact how electronic lodgment service fees are set in future, with the NSW Government expected to receive the final report by the end of September 2026. Once received, the report will be referred to ARNECC, which will conduct additional consultations and determine next steps—a process that may take several months.
What's next for PEXA Group?
PEXA will release its full FY26 results and provide guidance for FY27 on 28 August 2026. Management also plans to discuss the ongoing review of ELNO service fees and other strategic priorities on its investor call. The company's volume outlook remains cautious into FY27 as it navigates macroeconomic headwinds and regulatory changes.
Longer term, PEXA continues its strategy of expanding its digital property settlement platform both domestically and in the UK, building on recent launches and capabilities.
PEXA Group share price snapshot
The PEXA Group share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 50%.
