PeopleIN Reports FY25 Revenue of $1.1B with $27M Debt Reduction
PeopleIN Limited reported a resilient FY25 with a 6.4% revenue dip but strengthened its balance sheet through $27.45 million debt reduction and announced a $6 million on-market share buy-back.
- FY25 revenue declined 6.4% to $1.098 billion
- Normalised EBITDA fell 10% to $33.3 million
- Net debt reduced by $27.45 million to $55.9 million
- Annualised $9 million cost savings from technology and automation
- Announced $6 million on-market share buy-back starting September 2025
A Resilient Performance Amid Industry Challenges
PeopleIN Limited, Australia’s leading workforce solutions provider, has released its FY25 results showing a modest revenue decline of 6.4% to $1.098 billion and a 10% drop in normalised EBITDA to $33.3 million. Despite a tough economic backdrop impacting the staffing sector, the company demonstrated operational resilience and strategic foresight.
CEO Ross Thompson highlighted that while the staffing industry faced widespread headwinds, PeopleIN leveraged its scale, diversified client base, and strong relationships to outperform peers. The company’s focus on operational efficiency and balance sheet strength helped it navigate the challenging environment.
Technology-Enabled Efficiency Gains
A key driver behind PeopleIN’s steady performance was its investment in technology and process automation under the Program Unite initiative. The company reported $9 million in annualised cost savings from automation and AI trials in recruitment and data analysis, contributing to over $25 million in operational savings over three years. These efficiencies have helped offset margin pressures and supported improved hourly rates through contract repricing and better workers’ compensation outcomes.
Strengthening the Balance Sheet and Capital Management
PeopleIN’s strong cash generation enabled a significant reduction in net debt by $27.45 million, bringing net debt to $55.9 million and lowering the net debt to EBITDA ratio to 1.6 times. This financial discipline has positioned the company well for future growth and market opportunities.
In a move to enhance shareholder value, the Board approved an on-market share buy-back of up to $6 million, commencing in September 2025. Funded from existing cash reserves, the buy-back reflects confidence in the company’s outlook and commitment to dynamic capital management.
Growth Opportunities on the Horizon
PeopleIN continues to expand its footprint through the Pacific Australia Labour Mobility (PALM) scheme, supporting over 4,700 workers with plans to grow placements in aged care, early learning, hospitality, and construction. Additionally, the company is targeting workforce needs related to the Australian Defence Force and major defence contractors, particularly in Adelaide and Perth.
Looking ahead, PeopleIN is well positioned to capitalise on infrastructure-driven employment growth, especially in Queensland ahead of the Brisbane 2032 Olympics. The company’s diversified business model and technology-driven efficiencies provide a solid foundation to capture emerging opportunities as market conditions improve.
Bottom Line?
PeopleIN’s blend of operational discipline, technology investment, and strategic capital management sets the stage for growth as economic conditions begin to improve.
Questions in the middle?
- How will PeopleIN sustain margin improvements amid ongoing economic uncertainty?
- What impact will the $6 million share buy-back have on share price and investor sentiment?
- Can growth in PALM scheme placements and Defence contracts offset broader industry softness?
