• Continued improvement in billing rates (+6.9%), benefiting from improved candidate and client management
• Further reduction in costs of $9m, leveraging technology to lower overhead costs and enable a market leading net revenue margin* of 23.3%
• Strong cash collections of 125.4% of Normalised EBITDA, reducing net debt ratio to 1.6x

PeopleIN Ltd has reported its FY25 annual results, highlighting continued improvements in its business fundamentals. The company saw a 6.9% increase in billing rates, benefiting from improved candidate and client management. PeopleIN also achieved further cost reductions of $9m, leveraging technology to lower overhead costs and enable a market leading net revenue margin of 23.3%. The company reported solid organic EBITDA growth for its Professional Services (4.6%) and Agri and Food Service (8.5%) segments. PeopleIN's strong cash collections, at 125.4% of Normalised EBITDA, have enabled the company to reduce its net debt ratio to 1.6x. The company also announced a $6m on-market share buy-back and noted stronger market conditions in Queensland, providing buoyed confidence. Overall, PeopleIN has navigated a challenging economic environment and strengthened its balance sheet.

PeopleIN expects to maintain its market leading net revenue margin of 23.3% in the 2025 financial year.

PeopleIN is well-positioned to capitalize on significant growth drivers, including a strong cash position and balance sheet strength to support targeted accretive acquisitions, leveraging technology-enabled productivity gains, and expansion into Defence opportunities and the Queensland infrastructure boom.