PEXA has reported significant revenue growth for the first half of fiscal year 2025, with a 25% increase in business revenue, reaching $203.7 million.
This growth is primarily fuelled by expanded operations across its exchange, digital solutions, and international sectors.
The company’s strategic expansions into international markets and enhancements in digital services have notably contributed to this increase.
The exchange service remains central to PEXA’s operations, now handling 90% of Australia’s property transactions. This segment reported a 9% rise in revenue, driven by higher transaction volumes and a shift towards higher-value transactions.
The platform supports the electronic completion of transactions, offering tools that promote transparency and efficiency among transaction parties.
PEXA’s digital solutions sector saw an increase in revenue, largely due to growth in subscription services and new valuation models.
For the first time, this segment did not incur losses, indicating its evolving role within PEXA’s broader business framework.
On the international front, PEXA has actively pursued growth in the UK by implementing its transaction and payment platforms, PEXAGo and PEXAPay.
The acquisition of UK-based firms Optima Legal Services and Smoove in 2023 has significantly enhanced PEXA’s operational capacity and market reach in the UK, contributing to a $25.6 million increase in international revenues.
Despite the revenue growth, PEXA faced a net loss of $32.7 million in 1H25, primarily due to one-time financial adjustments and asset impairments.
The report showed that while expanding, the company has managed higher costs, particularly from its UK acquisitions.
PEXA plans to continue its expansion into other Torrens Title jurisdictions, including Canada and New Zealand, utilising its adaptable platform to enter new markets.
Additionally, the company has announced a share buy-back program, reflecting its positive outlook on future growth and commitment to enhancing shareholder value.
The publication of PEXA’s latest financial results coincides with Glenn King’s (pictured) last day as managing director and CEO of the PEXA Group, concluding his five-year leadership tenure.
Under King’s leadership, PEXA completed its IPO, expanded into the UK market, and broadened its services in the Australian property sector, the company said in a news release.
“Leading the PEXA Group is and has been, a unique privilege and one of which I am enormously proud,” King said. “We have worked hard to deliver our world-class solutions to new markets, starting with the UK.”
For the full half-year financial report, click here.
