Seek Ltd

SEEK’s Growth Fund portfolio valuation decreased by 9% in FY24, despite an overall increase of 26% since its inception. What factors contributed to the portfolio's valuation decline during FY24, and what steps are being taken to stabilize and grow this portfolio in the future?

SEEK has provided FY25 guidance for revenue of $1.02 billion to $1.14 billion, Adjusted NPAT of $130 million to $180 million, and EBITDA of $430 million to $500 million, while narrowing total expenditure guidance to $760 million–$790 million. What initiatives are being undertaken to ensure expenditure remains controlled within this range, particularly in light of economic challenges in key markets like Hong Kong?

Adjusted NPAT for Continuing Operations declined by 33% in FY24 to $177 million, while EBITDA decreased by 14% and reported NPAT shifted to a loss of $60 million. What specific operational or market factors drove these significant declines, and how does SEEK plan to address these issues to prevent similar outcomes in FY25?