Accordant group narrows loss, eyes efficiency amidst challenging economy

Accordant Group reported a reduced after-tax loss of $1.1 million for the six months ending September 2025, an improvement attributed to strong financial discipline. Revenue for the period decreased by 8% to $82 million amidst challenging economic conditions, yet net operating cash flow improved to $2.5 million, and term debt saw a $3 million reduction since March 31, 2025.

The White Collar segment returned to profit after three consecutive periods of losses, and Executive Search experienced strong growth in revenue and profitability, particularly for Hobson Leavy. While Blue Collar revenue eased back 4.6%, the division secured key tenders for a stronger full-year result.

The company plans to maintain its focus on efficiency and debt reduction, exploring capital injection options next year. Accordant also highlighted its industry-leading health & safety commitment, meeting all revised criteria for the new ACC Accredited Employer Programme assessment, and ongoing investment in AI technology to enhance productivity.