• NPAT up 60.9% to $2.17 million
• Revenues down 7.3% to $515.9 million
• Margins stabilized in supply chain, retail and manufacturing sectors
• New projects commenced in construction and traffic businesses in Victoria

The financial year ended 30 June 2025 ('FY25') has been one of stabilisation and reset to adapt to market changes. Net Profit After Tax ('NPAT') for FY25 was $2.17 million (FY24: $1.35 million, including non-recurring expenses of $3.2 million). The financial results for FY25 were negatively impacted by completion of projects and delays commencing new work in the construction, traffic and engineering labour hire businesses in Victoria, as well as state government funding reductions and challenges generating increased fee for service training revenues. Significant progress has been made with respect to several key strategic initiatives, including stabilized margins in the supply chain, retail and manufacturing labour hire sectors, new customer wins, growth in the horticulture business, and the commencement of new project work in the construction and traffic businesses in Victoria. Staff numbers were maintained at 289, and the Group is focused on reducing debt and strengthening the balance sheet to fund expected future organic growth. The Group has not declared a final dividend for FY25, with the interim dividend of 0.8 cents per share representing a payout ratio of 53% of available Group NPAT.

The Group is focused on reducing debt and strengthening the balance sheet to fund expected future organic growth. The team continues to deliver excellent customer service, and the Group expects demand for casual workers from new customers to continue to increase in FY26. The construction and traffic businesses in Victoria are expected to return to historic levels of revenue and profit in FY26.