Ignite Limited (IGN), a specialist recruitment company with a growing Technology Solutions business, has released its audited full-year results for FY25. The company reported a statutory profit from ordinary activities after tax of $1.235 million, a significant increase from $616,000 in the previous year. Normalised operating profit, adjusted for non-recurring restructuring costs, reached $1.417 million, also up from $616,000 in FY24.
While revenue saw a decrease of 6.7% to $90.156 million, gross profit increased slightly by 0.7% to $11.700 million. The gross profit margin also improved, rising from 12% to 13%. Specialist Recruitment continues to dominate revenue, accounting for 98.7% of the total, with Technology Solutions contributing the remaining portion. The company’s focus on productivity is reflected in a reduced headcount, down to 40 from 44 in FY24.
Ignite Limited’s balance sheet showed a healthy increase in cash and cash equivalents to $5.321 million, driven by operating activities. Total assets stood at $13.395 million, while total liabilities amounted to $4.895 million, resulting in net assets of $8.500 million. The company’s debtor facility remains undrawn.
In addition to the financial results, the Board has declared a fully franked final dividend of $0.035 per share. The company has also reinstated its Dividend Reinvestment Plan (DRP), offering a 5% discount to shareholders who elect to participate. The final dividend and DRP details were announced on August 19, 2025.
