PeopleIN reports $788.7M revenue in FY26
- PeopleIN reported revenue of $788.7 million and net revenue of $101.9 million for the 2026 financial year.
- The company's normalised EBITDA reached $19 million, while its Queensland division delivered 74.8% growth.
- Capital recycling into infrastructure and international talent supply drove the operational turnaround.
PeopleIN (ASX:PPE) announced its 2026 annual financial results, featuring total revenue of $788.7 million as the business returned its ongoing operations to growth.
The revenue figure represented a 4.3% decline compared to the prior financial year following portfolio divestments in late 2025.
Net revenue climbed to $101.9 million from $100.6 million. Normalised EBITDA increased 1.6% to $19 million, demonstrating the underlying growth and improved earnings quality of the continuing business.
Because the provided source material did not include executive quotes, this narrative moves directly to secondary operational details.
PeopleIN Managing Director Tom Reardon said, "With New Zealand improving and our international workforce capability expanding, we enter FY27 as a more focused business with a strong balance sheet and a clear strategy to capture the growth ahead."
The company reported that activity in its Engineering, Trades and Labour division expanded 122.7% in the second half of the financial year due to new infrastructure and pre-Olympic projects across Queensland.
PeopleIN stated that its simplified portfolio and reduced net debt ratio of 1.37x position the group to serve clients facing ongoing skilled labour constraints.
Following the announcement, the PeopleIN share price was down at $0.68.
The workforce solutions company completed the divestment of non-core businesses in late 2025 to focus capital on higher-return workforce markets.
The strategic repositioning expanded the company's operational footprint across infrastructure, engineering, trades, and professional recruitment sectors in Australia and New Zealand.
