PEXA to take $26m net impairments ahead of Digital Solutions businesses exit
Make us a preferred source
Make us a preferred source on Google
The news: PEXA, which holds a near monopoly over Australia’s electronic conveyancing sector, will exit its majority-owned Digital Solutions businesses to reallocate capital to support business operations and growth.
The numbers: About $26 million in net impairments will be taken against the Digital Solutions businesses, which is expected to be completed by mid-2026.
Aside from that, PEXA said it expects to recognise between $7 million and $8 million in significant items for the first half of FY26.
The context: The decision was taken after the completion of a review of the businesses, which was announced in August 2025.
The businesses will be classified as ‘held for sale’ and presented as discontinued operations in the first-half earnings report.
PEXA has already completed its exit from majority-owned Land Insight and its minority investment in Elula. It is on track to exit majority-owned Value Australia and .id by mid-2026. The eventual exit “will remove the need to allocate capital thereafter to support the businesses’ operations and growth”, the company said.
PEXA CEO and group managing director Russell Cohen said the review of these assets found that PEXA “was not the best long-term natural owner of these businesses”.
The company’s results for the first half of FY26 remain subject to review by PEXA’s external auditor.
What they said: “With the strategic review now complete, management is fully focused on accelerating our growth strategy and unlocking value from existing operations and future opportunities,” Cohen said.
“I would like to express gratitude and recognise the excellent leadership of Natalie Field, who has led PEXA’s Digital Solutions segment since 2024, and who has been critical in both defining PEXA’s strategy in data monetisation and also preparing the businesses to succeed under new ownership”.
The source: ASX
