Accordant Group reports $2.9m loss, no dividend

Accordant Group has reported a net profit after tax loss of $2.9 million for the financial year 2025, compared to a loss of $10m in the previous year.

The company's revenue was down 22% to $165m, as recessionary conditions and reductions in government expenditure impacted hiring activity.

Accordant Group's operating expenditure was reduced by $6m.

However, its blue-collar segment, AWF, recorded a profit of $1.6m, up from $1m in the prior year.

The group said the decline in trading performance was offset by tight cost management and zero delinquent debt.

Accordant Group's white-collar segment, which includes Madison, Absolute IT, JacksonStone & Partners, and Hobson Leavy, was more affected by the economic downturn.

The company said there would be no final dividend paid.