Earnings release
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RNS Number : 4903J Staffline Group PLC 21 May 2025 21 May 2025 Staffline Group plc ("Staffline", the "Company" or the "Group") AGM Trading Update Staffline (AIM: STAF), the recruitment group, provides the following trading update for the current financial year ("FY 2025")ahead of its Annual General Meeting ("AGM") at 9.30am today: The Group is pleased to report that the strong momentum experienced in FY 2024, which delivered significant financial andoperational progress, has continued into FY 2025. The Group has delivered a 6.2%* increase in gross profit for the first fourmonths of 2025 compared to the prior year, driven by a year-on-year uplift in temporary worker hours in Recruitment GB, up6.6% over the same period, reflecting the sustained demand for both temporary and agency recruitment solutions. Thisexcellent performance has been followed by the announcement on 16 May 2025 of a substantial new contract with a leadinglogistics company which has materially enhanced the Board's expectations of Group performance over the next three years. The Board remains focused on capitalising on the Group's strong trading cash flows, repurchasing 15.5 million ordinaryshares, at an average price of 31.2 pence per ordinary share, for a total consideration of £4.8 million as part of the first trancheof the 2025 share buyback programme. The Board is therefore confident that trading across FY 2025 is on track to deliver results in line with recently revisedmanagement expectations, as the Group's scale and reputation for service excellence continues to deliver further market sharegains. *Relating to continuing activities For further information, please contact: Staffline Group plcwww.stafflinegroupplc.co.ukAlbert Ellis, Chief Executive OfficerDaniel Quint, Chief Financial Officer via Vigo Consulting Panmure Liberum (Nominated Adviser and Broker)www.panmureliberum.comNick How / Satbir Kler 020 3100 2222 Zeus (Joint Broker)https://zeuscapital.co.uk/David Foreman (Investment Banking)Nick Searle (Sales) 020 3829 5000 Vigo Consulting (Financial PR)www.vigoconsulting.comJeremy Garcia / Anna Sutton 020 7390 0230Staffline@vigoconsulting.com About Staffline - RecruitmentEnabling the Future of Work™Staffline is one of the UK's leading Recruitment groups. It has two divisions: Recruitment GBThe Recruitment GB business is a leading provider of flexible blue-collar workers, supplying up to c.35,000 staff per day onaverage from around 400 sites, across a wide range of industries including supermarkets, drinks, driving, food processing,logistics and manufacturing. Recruitment Ireland The Recruitment Ireland business is a leading end to end solutions provider operating across multiple industries, ten branchlocations and ten onsite customer locations, supplying c.4,500 staff per day on average, and offering RPO, MSP, temporaryand permanent solutions across public and private sectors throughout the island of Ireland.
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