Accordant Group (AGL) AGM Presentation 2025 summary

Financial performance and operational highlights

• Revenue for FY25 was $165.2m, down from $212.4m in FY24, with a net loss after tax of $(2.9)m, an improvement from $(10.0)m in FY24.

• Net operating cash flow was $(0.6)m, compared to $2.3m in the previous year; net bank debt increased to $28.0m.

• 6,666 candidates were placed, partnering with 1,289 organizations; over 14,000 training outcomes delivered.

• Recognized with multiple industry awards for client and candidate experience.

• Recertified for health and safety systems, with over 31,000 safety engagements.

Business unit performance

• AWF achieved improved profitability despite a more challenging environment.

• Madison expanded its health channel and saw growth in contingent solutions.

• Hobson Leavy experienced year-on-year growth in executive search, while Jackson Stone was impacted by reduced government spending.

• Absolute IT faced prolonged demand reduction but retained key capabilities.

Market environment and strategic focus

• Unemployment rose to 5.2%, with ongoing uncertainty around hiring across sectors.

• Strategic focus for FY26 includes targeting higher-value roles, aligning with resilient sectors, and leveraging a diversified brand portfolio.

• Emphasis on maintaining best-in-class health and safety practices.