• FY26 statutory profit of $0.872 million, down 29% from FY25
• Underlying profit of $1.172 million, down 17% from FY25
• Revenue decreased 18.8% to $73.193 million
• Gross profit margin maintained at 13%
• Net cash from operating activities of $2.326 million

Ignite Ltd (ASX: IGN) has released its audited full-year results for FY2026, showing a statutory profit of $0.872 million, down 29% from $1.235 million in FY25. The underlying profit was $1.172 million, down 17% from $1.417 million in FY25. Revenue decreased 18.8% to $73.193 million, while gross profit decreased 19.5% to $9.424 million, maintaining a gross profit margin of 13%. Employee benefits expense decreased 20.3%, and other expenses decreased 6.3%. Cash and cash equivalents increased to $6.717 million, driven by net cash from operating activities of $2.326 million. The business had net assets of $8.515 million as of 30 June 2026.

FY26 statutory profit: $0.872 million, FY26 underlying profit: $1.172 million, FY26 revenue: $73.193 million

Management anticipates a challenging federal government market in FY27 and will focus on increasing active contingent labour contractors, permanent placements, and productivity. The business will also continue to seek acquisition opportunities.