Accordant Group (AGL) investor relations material

Accordant Group AGM 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
AGM 2025 summary27 Aug, 2025

Opening remarks and agenda

  • Chair welcomed shareholders, confirmed quorum, and outlined the meeting's structure, including online participation and Q&A procedures.

  • Board members and key executives were introduced, with mention of roles and reelection items.

Financial performance review

  • Revenue for the year was $165.2 million, down 22% from the prior year.

  • Net loss after tax was $2.9 million, an improvement from the previous year's $10 million loss, but still resulted in negative operating cash flow.

  • Operating expenses were reduced by $6 million through property consolidation and resizing support teams.

  • No dividend was declared for the year ending March 31, 2025, reflecting a prudent approach amid uncertainty.

  • Banking facilities with ASB were maintained and are being extended beyond April 2026.

Board and executive committee updates

  • Board members highlighted their sector experience and commitment to navigating challenging market conditions.

  • Focus areas included cash flow discipline, margin protection, talent management, operational efficiencies, and health and safety.

  • Board and management emphasized resilience, adaptability, and maintaining strong customer relationships.

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Frequently asked questions

Accordant Group Limited is a New Zealand-based company specializing in recruitment and staffing solutions across various sectors. The company operates through multiple brands, including AWF, Madison, Absolute IT, and JacksonStone & Partners, providing services in temporary, contract, and permanent placements. Accordant Group serves a range of industries such as industrial, corporate, IT, and professional services. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.

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