SEEK Limited (ASX:SEK) Releases FY2025 Annual Report
Financial Performance
SEEK Limited reported a 1% increase in sales revenue from continuing operations, reaching $1,097 million for FY2025. However, adjusted profit from continuing operations declined by 13% to $155.2 million compared to the previous year.
Operational Achievements
The completion of SEEK’s Platform Unification project marks a significant milestone, enhancing the scalability and efficiency of SEEK’s online employment marketplaces. Additionally, SEEK successfully reacquired Sidekicker, expanding its contingent labour offerings in Australia and New Zealand.
Growth Fund Performance
SEEK’s Growth Fund demonstrated robust performance with a 32% return on investment, driven by strategic investments in HR SaaS, online education, and contingent labour sectors. Life-to-date distributions from the Fund amounted to $197.7 million, reinforcing SEEK’s commitment to long-term growth.
Sustainability
SEEK achieved its FY2025 target to reduce scope 1, 2, and 3 greenhouse gas emissions by 40% from a FY2022 baseline. The company also enhanced its diversity initiatives, maintaining 50% gender diversity across the workforce and fostering an inclusive culture.
Dividends
SEEK declared an interim dividend of 24 cents per share for FY2025, with the final dividend to be determined after the balance date. The company continues to demonstrate a strong commitment to returning value to its shareholders.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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