Ignite posts H1 FY26 profit despite tough market

Ignite (ASX:IGN) reported a statutory profit of $308,000 for the half-year ended Dec. 31, 2025, a 50% decrease compared to the previous year, amid what leadership describes as a "very challenging" Federal Government recruitment market.

Despite an 18% drop in revenue to $38.25 million, the specialist recruitment firm managed to maintain its gross profit margin at 12.7% and posted an underlying profit of $608,000.

Executive Director Cameron Judson highlighted the company's resilience during a period of strategic restructuring, which included the closure of its technology solutions business.

The company remains in a solid liquid position with nearly $5 million in cash and zero debt.

Buoyed by a 106% increase in net cash from operating activities, the board has declared a fully franked interim dividend of $0.03 per share, signaling continued confidence in Ignite's ongoing "turnaround" strategy.