Hiremii’s FY2025 Revenue Holds Steady at $29.8M; Loss Widens 25%

Financial Performance Overview

Hiremii Limited, an AI-led recruitment technology company focused on the energy and resources sector, released its preliminary final report for the year ended 30 June 2025. The company recorded revenues of $29.8 million, a marginal decline of 0.8% compared to the previous year. Despite stable top-line performance, Hiremii's net loss widened by 25.3% to $1.17 million, reflecting increased employee benefits and share-based payment expenses.

Gross profit slipped slightly by 3.5% to $2.82 million, impacted by a reduced proportion of permanent placements and the completion of a major client contract. However, operational cash flow showed marked improvement, with net cash used in operations falling sharply to $224,134 from over $2.2 million the prior year, signaling progress toward cash flow breakeven.

Technology and Commercial Advances

Central to Hiremii's strategy is its proprietary AI recruitment platform, which leverages a domain-trained knowledge graph to outperform generic large language models in candidate-role matching accuracy. The company launched the Hiremii Talent Community, integrating enhanced job board capabilities to accelerate commercial adoption among SME and enterprise customers.

Partnerships with the University of Western Australia and AWS continue to refine the AI model, targeting global energy and resources recruitment niches. This technological edge positions Hiremii to capitalize on growing demand for efficient, high-quality hiring solutions in specialized sectors.

Strategic Acquisition and Capital Management

In July 2025, Hiremii completed the acquisition of Prince Migration & Education Pty Ltd, aligning with its strategy to boost EBITDA through cash-positive acquisitions and expand into adjacent markets. This move is expected to diversify revenue streams and enhance the company’s competitive positioning.

Financially, Hiremii secured a $600,000 capital raise at a 30% premium to its share price, facilitated by Sequoia Corporate Finance. The company also extended its $2.5 million invoice financing facility with Octet Finance Pty Ltd to July 2026, maintaining leverage capacity to support working capital needs.

Outlook and Governance

Despite the increased loss, the board affirms the going concern status, citing expected revenue growth, shareholder support for future capital requirements, and management’s ability to control cash outflows. No dividends were declared, reflecting a focus on reinvestment and growth.

Share-based payments and performance rights remain a key part of remuneration and investor alignment, with recent issuances tied to share price milestones. The company’s capital structure remains robust, with net tangible assets per share at negative 0.52 cents, reflecting ongoing investment in technology and growth initiatives.