• Prophecy International Holdings Ltd initiating global organisational restructure
• Expected reduction in global headcount by approximately 48%
• Aim to improve organisational alignment and reduce operating costs
• Final restructure costs and savings to be confirmed in FY26 result announcement
• Company remains committed to supporting customers and maintaining business continuity

Prophecy International Holdings Ltd has initiated a global organisational restructure following a review of its operating model, strategic priorities, product direction, and business requirements. The restructuring involves consolidating certain functions and responsibilities, aiming to improve organisational alignment and ensure a sustainable cost base. The expected reduction in global headcount is approximately 48%, subject to consultation and regulatory processes. The company expects these changes to result in a reduction in operating costs, with final one-off restructure costs and anticipated annualised savings to be confirmed in the FY26 result announcement at the end of August 2026. Despite the restructuring, Prophecy International remains focused on supporting its customers, delivering on strategic priorities, and maintaining business continuity throughout the transition.

Final one-off restructure costs and anticipated annualised savings to be confirmed in FY26 result announcement

Prophecy International expects the restructuring to lead to a reduction in operating costs, with final details to be announced in August 2026.