Accordant Group (AGL) H2 2025 earnings summary

Executive summary

• Reported a net after-tax loss of $2.9 million for FY25, a significant improvement from the $10.0 million loss in the prior year.

• Revenue declined 22% to $165 million due to recessionary conditions and reduced government expenditure impacting hiring.

• Operating expenditure was reduced by $6 million through cost management and pausing initiatives.

• No final dividend will be paid, reflecting ongoing economic uncertainty.

Financial highlights

• NPAT loss of $2.9 million for FY25, compared to a $10.0 million loss in the previous year.

• Revenue dropped 22% year-over-year to $165 million.

• AWF segment profit increased to $1.6 million, up from $1.0 million (excluding prior year goodwill impairment).

Outlook and guidance

• Unemployment is expected to peak soon at levels not seen for almost a decade.

• The group remains confident in its breadth of services and is focusing on higher fee-earning work and strategic contingent solutions.

• Executive search demand remains strong, with Hobson Leavy starting the year positively.