Hiremii Reports 6% Revenue Growth and $650K Capital Raise to Fuel Expansion

Strong Quarterly Performance Amid Market Challenges

Hiremii Limited (ASX, HMI) has delivered a solid start to FY26, reporting a 6% increase in quarterly revenue to $7.9 million and an 18.1% rise in gross profit to $0.783 million for the September quarter. This growth reflects the resilience and operational discipline of its traditional recruitment business, which continues to underpin the group’s financial performance despite challenging broader market conditions.

Managing Director Andrew Hornby highlighted encouraging signs of renewed activity and confidence in key sectors such as mining, engineering, and energy, where Hiremii’s recruitment services remain in demand.

Expanding Global Footprint Through Technology Integration

A major milestone for the quarter was the completion of integration with Idibu, a global job board aggregator. This connection unlocks access to hundreds of job boards worldwide, including prominent platforms like LinkedIn, Seek, and CareerOne, significantly broadening Hiremii’s advertising reach.

The integration allows clients to manage recruitment campaigns seamlessly from a single interface, leveraging Hiremii’s AI-powered job definition and candidate shortlisting technology. Early pilot postings in Australia and Asia have already generated high volumes of applicants with accurate shortlisting, while trials in the Middle East are on the horizon.

Innovating with Industry-Specific AI Intelligence

In collaboration with the University of Western Australia, Hiremii is nearing completion of its mining industry knowledge graph project. This proprietary tool enhances the AI platform’s contextual intelligence by mapping relationships between companies, projects, and commodities within the mining sector.

Unlike generic AI models, this knowledge graph enables more precise candidate matching by understanding nuanced skill requirements and real-world experience, a critical advantage in specialist industries where job titles often mask diverse competencies.

Strategic Acquisition and Capital Raise Support Growth

The integration of Prince Migration & Education, now rebranded as Hiremii Global Services, was completed during the quarter, adding mobility services to the group’s portfolio and benefiting from shared marketing and corporate resources.

Post-quarter, Hiremii successfully raised $650,000 in an oversubscribed placement to accelerate commercialisation of its AI platform, fund customer-driven enhancements, and pursue strategic acquisitions. This capital injection also bolsters working capital to support ongoing growth initiatives.

Financial Position and Outlook

While operating cash flow was negative $0.522 million due to timing of payables and insurance premiums, cash on hand stood at $0.298 million with an additional $0.4 million in unused funding facilities. Management expects operating cash flows to improve as revenue and margins grow and the technology platform gains traction.

With a growing pipeline of pilot projects and increasing enterprise interest, Hiremii is positioning itself for scalable growth in the recruitment technology space, particularly within resource and energy sectors.