The SEEK Ltd (ASX: SEK) share price is pushing higher on Tuesday morning, rising 2% at the time of writing following the release of its FY26 half-year results and an update on its stake in Employment Hero.
Today’s gain adds to what has already been a strong week for the online employment marketplace operator. SEEK shares are now up around 10% this week, as part of a broader relief rally across ASX-listed technology stocks.
That said, the stock remains down approximately 22% year to date, having been caught up in the recent tech rout that has weighed on growth-focused names.
Relief rally meets solid numbers
SEEK delivered double-digit revenue growth in the first half, with net revenue up 12% to $601 million and EBITDA climbing 19% to $267 million. Adjusted profit surged 35% to $104 million, while the board declared a record fully-franked interim dividend of 27 cents per share, up 13% on the prior period.
Although the company reported a statutory loss due to a $356 million impairment related to Zhaopin, underlying operating performance remained strong. Yield growth of 17% across ANZ and Asia more than offset softer job ad volumes, reflecting the impact of AI-enabled product upgrades and pricing initiatives.
Importantly, management upgraded its FY26 guidance, now expecting net revenue of $1.19 billion to $1.23 billion and EBITDA of $530 million to $550 million.
Employment Hero stake in focus
There was also an update from SEEK’s Growth Fund, which has commenced a process to divest its stake in Employment Hero.
The Fund will open a liquidity window in calendar year 2026, providing a pathway to potential capital returns or balance sheet flexibility. Since inception, the Fund has delivered a 33% return on invested capital, with Employment Hero representing a significant component of the portfolio.
This could build on a record fully-franked interim dividend of 27 cents per share, which the company announced and will be paid on the 1st of April 2026.
Looking ahead, investors will be focused on improving earnings momentum and the prospect of value realisation from its investment portfolio.
The post Seek shares edge higher on HY results and sale of Employment Hero stake appeared first on The Motley Fool Australia.
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Motley Fool contributor Kevin Gandiya has no positions 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.