Australia's Pexa Group falls on wider annual loss

PEXA

29/08/2025 01:50

** Pexa Group PXA.AX falls as much as 15.3% to A$14.33, lowest since July 24

** Property settlements platform provider posts FY statutory net loss of A$76.1 mln ($49.5 mln) vs year-ago loss of A$18 mln

** Attributes wider loss due to higher taxes, depreciation and amortisation charges

** Stock up 2.6% so far this week; set for sixth consecutive week of gains

** PXA rises 16% YTD

($1 = A$1.5389)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))