PageGroup Reports H1 Revenue Down 11.1% YoY, Maintains FY22 Outlook

PageGroup reported H1 GAAP EPS of 0.00p, with revenue of £798.4M (-11.1% Y/Y). The company expects 2025 Operating Profit to be around £22m, in line with current market consensus.

PageGroup PLC, a leading recruitment firm based in Surrey, England, reported its H1 GAAP EPS of 0.00p for the period ending June 30, 2025. The company also announced a significant drop in revenue, which fell by 11.1% year-over-year (Y/Y) to £798.4M. Despite these declines, PageGroup expects its 2025 operating profit to be around £22M, aligning with current market consensus [3].

The company's pretax profit slumped to £233,000 in the first half of 2025, down from £27.7 million in the same period last year. Operating profit decreased by 93% to £2.1 million, while revenue fell by 11% to £798.4 million. Cost of sales and administrative expenses also decreased, but financial expenses increased significantly by 61% [3].

PageGroup attributed the revenue fall to macroeconomic and tariff-related uncertainty, as well as subdued levels of client and candidate confidence impacting decision-making and increasing time-to-hire. The company noted that business in the US grew by 11% due to strong activity in engineering and improved performance in construction [3].

Despite the financial setbacks, PageGroup announced an interim dividend of 5.36 pence per share, unchanged from a year prior. The company's CEO, Nicholas Kirk, emphasized the benefits of its investments in innovation and technology, such as Customer Connect and Page Insights, which support productivity and enhance customer experience. Kirk also highlighted the company's strong balance sheet and adaptable business model [3].

PageGroup shares fell 1.5% to 263.90 pence each on Tuesday morning in London, reflecting the market's reaction to the company's H1 results.

References:
[1] https://www.marketbeat.com/stocks/LON/STEM/earnings/
[2] https://www.ainvest.com/news/network-1-technologies-reports-q2-gaap-eps-0-02-revenue-q2-2025-2508/
[3] https://www.youinvest.co.uk/news/articles/pagegroup-cuts-jobs-profit-falls-amid-weak-german-french-markets