PEXA Group Limited ( (AU:PXA) ) has provided an announcement.
PEXA Group Limited has announced a non-cash impairment charge of approximately $15 million for 1H25, impacting its minority investments. Additionally, the company plans to de-recognise $19 million of deferred tax assets due to new revenue streams, increasing their effective tax rate. PEXA also reviews the $14.1 million carrying value of its interoperability asset following a regulatory pause, indicating potential future asset impairment. These financial adjustments are subject to final auditor processes and Board approval.
More about PEXA Group Limited
PEXA (Property Exchange Australia) is a leading digital property exchange and data insights business listed on the Australian Stock Exchange. Since 2013, it has facilitated over 20 million property settlements, processing 90% of all property transfer settlements in Australia. PEXA also expanded its services to the UK in 2022 with the launch of its refinancing capability.
YTD Price Performance: -3.14%
Average Trading Volume: 219,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.25B
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