Appendix 4D and Interim Financial Report

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Stock Peoplein Ltd (PPE.ASX)
Release Time 20 Feb 2026, 9:04 a.m.
Price Sensitive Yes
 PeopleIN Reports Interim Financial Results
Key Points
  • Revenue from continuing operations decreased 8.2% to $394.048M
  • Normalised EBITDA from continuing operations decreased 9.2% to $10.463M
  • Statutory loss after income tax from continuing operations reduced to $0.662M
Full Summary

PeopleIN Limited has reported its interim financial results for the half-year ended 31 December 2025. Revenue from continuing operations decreased 8.2% to $394.048M, impacted by lower hours and lower PALM candidates in the Food and Agriculture division due to visa processing delays and accommodation shortages. Normalised EBITDA from continuing operations decreased 9.2% to $10.463M. The company's statutory loss after income tax from continuing operations reduced to $0.662M, an improvement from the $8.138M loss in the prior corresponding period. This was due to lower non-cash fair value adjustments, lower project costs, and improvements in trading in the Engineering, Trades and Labour division. The company has maintained a disciplined approach in reviewing its businesses, divesting its Techforce Pty Ltd and Health and Community divisions to focus on higher growth sectors. The company has also agreed to acquire 100% of Infrawork Holdings Limited, a New Zealand-based workforce solutions provider for the infrastructure construction sector, to strengthen its capacity to supply Pacific workforce solutions to Australian clients. The company remains well-positioned to take advantage of the improving labour market and increased infrastructure and construction expenditure in Queensland.

Guidance

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

The company remains well-positioned to take advantage of the improving labour market and increased infrastructure and construction expenditure in Queensland. The company continues to see significant demand for PALM candidates in regional food and agricultural processing and opportunities to expand the PALM scheme further to key in-demand roles and industries to reduce labour shortages.