HRnetGroup FY2025 PATMI up 15% to S$51.2m on tight costs and higher other income; dividend lifted 10% to 4.2 cents with 78% payout
Summary:
-
FY2025 revenue grew 3.0% to S$584.0 million, while NPAT rose 14.3% to S$52.9 million and PATMI increased 15.0% to S$51.2 million, as operating profit climbed 11.6% to S$62.5 million.
-
Flexible Staffing, 89.7% of revenue, expanded 3.2% to S$524.1 million with stable S$63.8 million GP, while Professional Recruitment revenue rose 1.6% to S$55.8 million and GP grew 1.3% to S$55.6 million on 4.6% higher placements and stronger senior executive search.
-
Other income jumped 44.5% to S$22.3 million, driven by S$9.3 million net fair‑value gains on financial assets and gold, S$9.2 million in government grants and S$0.8 million disposal gains, partly offset by lower interest income and absence of prior‑year accrual reversals.
-
SG&A was tightly managed, rising only 1.3% to S$82.7 million, with facilities and depreciation expenses down 12.3% after office consolidation, keeping the Group’s operating margin resilient despite FX losses and higher staff costs.
-
The board proposes a higher final dividend of 2.2 Singapore cents per share (FY2024: 2.13 cents), taking total FY2025 dividends to 4.2 cents (up 10%), representing 78% of NPAT and 79% of free cash flow, backed by a S$262.9 million net cash position and NAV per share of 40.65 cents.