Staffline Group (STAF) Trading Update summary

Trading performance and financial highlights

• Gross profit rose 6.2% in the first four months of 2025, driven by a 6.6% increase in temporary worker hours in Recruitment GB.

• Demand for temporary and agency recruitment solutions remains strong, supporting continued operational momentum.

• A substantial new contract with a leading logistics company, announced on 16 May 2025, has materially enhanced performance expectations for the next three years.

• 15.5 million ordinary shares repurchased at an average price of 31.2 pence, totaling £4.8 million, as part of the 2025 share buyback programme.

• Trading for FY 2025 is on track to meet recently revised management expectations, with further market share gains anticipated.

Business divisions overview

• Recruitment GB supplies up to 35,000 flexible blue-collar workers daily across 400 sites in various industries.

• Recruitment Ireland provides end-to-end solutions, supplying about 4,500 staff daily across public and private sectors.

Strategic outlook

• Focus remains on leveraging strong trading cash flows and service excellence to drive market share growth.

• The new logistics contract is expected to significantly contribute to performance over the next three years.

• Continued investment in share buybacks reflects confidence in future prospects.