Seek Swings to Fiscal H1 Loss After China Investment Writedown, Posts Higher Revenue

MT Newswires Live
Feb 17

Seek (ASX:SEK) reported Tuesday that it swung to a loss of AU$0.697 in the fiscal first half from a profit of AU$0.40 a year earlier after writing down the value of its investment in Zhaopin by AU$356 million.

Analysts polled by FactSet expected earnings of AU$0.29.

Revenue for the six months ended Dec. 31, 2025, was AU$646.6 million, compared with AU$536.2 million a year earlier. Analysts surveyed by FactSet expected AU$600 million.

The company said it expects fiscal 2026 net revenue in the range of about AU$1.19 billion to AU$1.23 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) in the range of about AU$530 million to AU$550 million.

Analysts polled by FactSet expect fiscal 2026 net revenue of AU$1.2 billion and EBITDA of AU$531 million.

The board declared an interim dividend of AU$0.27 per share, up from AU$0.24 a year earlier, payable April 1 to shareholders on record as of March 18.

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