Domain Australia (DHG) H1 2025 earnings summary

Executive summary

• Revenue grew to $217.2 million, up 7.4% year-on-year, with EBITDA up 14% and EBIT up 25%.

• Net profit after tax was $33.1 million, up 28.3%, and adjusted net profit was $36.5 million, up 25%.

• Unique audience increased 10% and site visits rose 23% year-on-year, with strong progress in marketplace strategy and product innovation.

• CEO transition announced, with Greg stepping in as interim CEO.

• ESG initiatives advanced, including ISO 27001 certification and improved S&P CSA score.

Financial highlights

• Residential revenue increased 12%, driven by 14% growth in Depth revenue.

• Media, developers, and commercial revenue declined 2%; agent solutions up 2%; Domain Insight down 8%.

• Digital revenue grew 8%; print revenue declined 7%.

• Expenses rose 4% to $139.4 million; EBITDA margin improved to 35.8%.

• Fully franked dividend of $0.02 per share declared.

Outlook and guidance

• FY25 costs expected to increase in the high single-digit percentage range.

• Stable EBITDA margins anticipated for FY25.

• Low single-digit listings growth expected for the full year, with improving yield momentum.

• Price increases in home and commercial real estate expected to support second half growth.

• January 2025 new 'for sale' listings up 3% year-on-year.