Accordant Group (AGL) investor relations material

Accordant Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
H1 2026 earnings summary10 Nov, 2025

Executive summary

  • Entering the second half of the year with improved confidence, though economic instability persists and a sustained turnaround is yet to be seen.

  • Strong execution enabled the group to weather revenue declines, retain talent, and maintain financial discipline.

  • White-collar segment returned to profit in H1 FY26; blue-collar segment remained stable despite challenges.

  • Improved cash generation and reduced borrowings signal greater efficiency and financial discipline.

  • Investment in AI and technology continues, with AI Assistants rolled out across all business units.

Financial highlights

  • Revenue for the six months ended 30 September 2025 was $82.0m, down 8% year-over-year, an improvement from the 21% decline in H1 FY25.

  • Net loss after tax was $1.1m, compared to a $1.4m loss in the same period last year.

  • Net cash provided by operating activities improved to $2.5m from $1.3m year-over-year.

  • Borrowings reduced by $3m compared to FY25.

  • No interim dividend declared for the period.

Outlook and guidance

  • Optimism for 2026 is rising among clients, with signs of recovery in hiring and increased tender activity.

  • Anticipation of more favorable trading conditions in FY27, with technology investments expected to drive future growth.

  • Continued focus on profitability, debt reduction, and cautious capital deployment.

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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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