PEXA Group (PXA) Q1 2026 TU earnings summary

Executive summary

• Achieved solid 1Q26 performance with 6% growth in Australian property transaction volumes, driven by strong refinancing activity and a recovering UK market.

• Maintained 90% national market penetration in Australia and reaffirmed FY26 guidance.

• Continued investment in platform resilience and UK expansion, including a scheduled NatWest remortgage service launch in 1H CY26.

Financial highlights

• Total transaction volumes processed in Australia reached 1,055k in 1Q26, up 6% year-over-year.

• Transfer volumes grew 3% and refinances increased 16% year-over-year, with refinance mix rising to 24%.

• Digital Solutions subscriptions revenue grew 15% year-over-year, accounting for 87% of segment revenue.

• Project and consulting revenue up 19% year-over-year; transaction-related revenue declined 100% due to exit from Land Insight.

Outlook and guidance

• FY26 guidance reaffirmed: Group revenue $405m–$430m, EBITDA margin 32%–35%, NPAT $5m–$15m, Group capex ($60m–$65m), international operating cash flow ($59m–$63m).

• Australian market volumes softened slightly in early 2Q26, but strategic initiatives and guidance remain on track.