The PEXA Group Ltd (ASX: PXA) share price is in focus after the digital property settlement company posted 7% revenue growth to $406.9 million and a 12% jump in EBITDA for the full year 2026.
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What did PEXA Group report?
- Group revenue rose 7% to $406.9 million (FY25: $379.5 million)
- EBITDA increased 12% to $151.7 million, with margins up 1.7 percentage points to 37.3%
- NPATA climbed 35% to $65.3 million; statutory NPAT from continuing operations improved to $19.2 million from a $65.6 million loss
- Free cashflow grew 39% to $93.5 million
- Leverage (Net debt/EBITDA) reduced to 1.0x, down from 1.8x
- No final dividend declared
What else do investors need to know?
PEXA delivered strong growth across both Australian and international operations, although its UK EBITDA remained negative as investment continued. Domestically, PEXA increased its property market coverage to all Australian states and territories, with TAS and NT onboarding during the year.
The business sharpened its strategic focus by divesting its Digital Solutions arm, strengthening the balance sheet and paying down $92.4 million in net debt. The UK business marked a major milestone by delivering NatWest's digital remortgage functionality ahead of schedule, alongside steady progress with other lenders and growing transaction volumes.
What did PEXA Group management say?
PEXA's CEO, Russell Cohen, said:
FY26 was my first full financial year as PEXA's CEO. It has been a year of intentional change for PEXA, clearing the pathway for more disciplined execution, a sharpened focus, which resulted in a strengthened financial position to enable us to continue investment in the products and services that matter most to our customers.
What's next for PEXA Group?
Looking ahead to FY27, PEXA expects challenging market conditions in Australia to impact property transaction volumes and revenue. The company is focused on strengthening its Australian Exchange, growing compliance services via PEXA Clear, piloting a capital-light model in New Zealand, and accelerating platform adoption in the UK with plans to launch Sale and Purchase for NatWest.
PEXA continues to engage with regulators over proposed changes to fee settings, advocating for outcomes that balance consumer value with ongoing investment in digital property infrastructure. Management guidance points to group revenue between $385 million and $415 million and NPAT of $5–20 million for FY27.
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%.
