Peoplein (PPE) investor relations material

Executive summary

• Maintained net revenue margin at 23.3% and revenue above $1 billion for the third consecutive year, despite a 6.4% year-over-year revenue decline and sector headwinds.

• Achieved over $9.1 million in annual cost reductions and more than $25 million in total savings over three years, driven by technology and efficiency initiatives.

• Strong cash collections at 125.4% of normalized EBITDA enabled a $27.4 million net debt reduction and a $6 million on-market share buyback.

• Outperformed industry peers facing over 30% declines, with several business units showing year-on-year growth.

• Balance sheet strength and capital flexibility support future acquisitions and growth.

Financial highlights

• Revenue reached $1,098 million, with total billed hours down 11.2% and bill rates up 6.9%.

• Normalized EBITDA declined 10% to £33.3 million, while normalized NPAT rose 7.1% to $6.5 million due to lower interest and amortization costs.

• Normalized NPATA per share was 15.6 cents, down 14.8%.

• Operating cash flow before interest and tax was $38.7 million; normalized gross operating cash flow was $42.8 million, or over $0.40 per share.

• Net revenue decreased 8.2% to $142.6 million.

Outlook and guidance

• Business performance is stabilizing, with early signs of recovery and improved trading conditions in June and July.

• Positioned to benefit from the Queensland infrastructure boom, defense sector expansion, and Pacific ADF recruitment initiatives, with major growth expected in 12–18 months.

• Continued focus on dynamic capital management, targeted acquisitions, and productivity gains from technology and automation.

• Strong cash position supports future accretive acquisitions.