• Divestment of First Choice Care and Edmen for $20.25 million (6.2 times FY25 earnings) to Healthcare Australia (HCA)
• HCA is the ideal buyer, having the scale and market position to enable further growth and provide future opportunities for our people
• The divestment will further strengthen PeopleIN's financial position, with net debt projected to fall to zero on completion

PeopleIN Limited (ASX: PPE) today announces that it has entered into a binding share sale agreement to divest subsidiaries operating its health and aged care staffing business, First Choice Care, and Youth and Disability staffing business, Edmen, to Healthcare Australia Pty Ltd (HCA). The combined sale price for both divisions is $20.25 million payable on completion (on a cash-free debt fee basis), representing 6.2 times FY25 earnings on a pre AASB16 basis. The transaction is subject to customary conditions and is expected to complete by 31 December 2025. The transaction strengthens the Group's balance sheet, with its net debt ratio projected to be zero on completion. The capital unlocked will accelerate PeopleIN's focused plan to target accretive acquisitions focused on Engineering, Trades and Labour, Defence/Federal Government, PALM scheme growth and new international staffing platforms. This strategic deployment of capital, coupled with the strengthening of the balance sheet, will generate sustainable long-term value and maximise returns for shareholders.