Hiremii Achieves FY26 Revenue Growth and Adjusted EBITDA Break-even Ahead of AQYR Rebrand

Financial Turnaround with Revenue and Margin Gains

Hiremii Limited (ASX:HMI) has posted a notable financial turnaround in the year ended 30 June 2026, delivering an 8.6% lift in revenue to $32.4 million and cutting its net loss by nearly half to $587,540. The company achieved a rare milestone for its recent history, reporting adjusted EBITDA breakeven with a slight positive of $0.03 million, a 104% improvement on the prior year’s $0.733 million loss.

Gross profit surged 32% to $3.7 million, lifting the gross margin to 11.5% from 9.5% in FY25. This margin expansion was driven by improved performance in the Workforce Recruitment Services division and the impact of the August 2025 acquisition of Hiremii Global Services (formerly Prince Migration & Education Pty Ltd), which contributed higher-margin revenue streams.

Strategic Acquisition and Technology Commercialisation

The acquisition of Prince Migration broadened Hiremii’s service offering and geographic reach, particularly into the East Coast of Australia and Asia, supporting diversification beyond its traditional energy and resources recruitment base. The acquired business generated nearly $0.8 million in revenue and a profit after tax of $176,000 for the period post-acquisition.

Meanwhile, Hiremii’s Workforce Intelligence platform, powered by proprietary AI technology, progressed from trial to commercialisation during FY26. The company secured its first SaaS subscription revenues and expanded its customer base, including a landmark hybrid Workforce Intelligence Recruitment Process Outsourcing (RPO) engagement in the renewable energy sector. This hybrid model integrates AI-driven talent insights with specialist recruitment services, aiming to deliver higher-margin, recurring revenue streams.

Capital Raising Fuels Growth and Rebranding

Supporting its strategic pivot, Hiremii successfully raised $2.4 million before fees via share placements to fund technology commercialisation and growth initiatives. The capital raise attracted strategic investors with strong regional relationships across Asia Pacific, Australia, and the Americas, enhancing growth opportunities.

Reflecting its evolution into an AI-powered Workforce Intelligence business, Hiremii proposes a rebrand to AQYR Limited, subject to shareholder approval at the 2026 Annual General Meeting. The new name aims to better capture the company’s focus on combining workforce data, AI, and recruitment expertise to help clients secure critical talent faster.

Outlook and Strategic Focus for FY27

Entering FY27, AQYR will prioritise expanding its recurring SaaS platform revenue, growing the hybrid RPO customer base, and improving profitability. The company also plans to explore organic growth and earnings-accretive acquisitions to strengthen its market position. With a positive operating momentum and improved financial footing, AQYR aims to accelerate adoption of its Workforce Intelligence platform and scale its technology-enabled workforce solutions.

CEO Andrew Hornby highlighted the company’s progress, noting the transition from a recruitment services business to a technology-driven Workforce Intelligence provider. He emphasised the role of the proprietary Knowledge Graph and large language models in enhancing talent recommendations, positioning AQYR to disrupt traditional hiring processes in the energy, resources, and infrastructure sectors.

Governance and Remuneration Transparency

The FY26 Annual Report disclosed comprehensive governance and remuneration details, including director and key management personnel compensation. The board remains committed to high standards of corporate governance and aligning executive rewards with strategic performance metrics such as revenue growth, margin improvement, and technology commercialisation milestones.

The financial statements were audited by RSM Australia Partners, who issued an unmodified opinion, confirming the accuracy and compliance of the accounts with Australian Accounting Standards.

While the company continues to operate at a loss, the trajectory of improved margins, positive adjusted EBITDA, and initial SaaS revenue signals a meaningful shift in its business model. The pending rebrand to AQYR underscores a strategic commitment to leverage AI and data-driven workforce intelligence as core growth drivers.

Investors will be watching closely how AQYR executes on its platform commercialisation and hybrid RPO expansion, and whether the company can sustain margin gains while scaling recurring revenue in a competitive recruitment technology landscape.