Latest Professional Services News

Verbrec Limited has reported a strong FY2025 with record margins and resumed dividend payments after more than a decade, alongside strategic moves including a key acquisition and divestment.

IPH Limited reported solid FY25 profit growth driven by Canadian acquisitions and a promising FY26 start despite challenges in Australia and New Zealand. CEO Andrew Blattman announced his retirement for late 2026, marking a pivotal leadership transition.

Dr Andrew Blattman, who has led IPH Limited through nearly a decade of transformative growth and international expansion, will retire as CEO in the second half of 2026. The Board has initiated a search for his successor to ensure a smooth leadership transition.

Veris Limited has reversed its FY24 loss to post a $2.0 million profit before tax in FY25, driven by digital growth and strategic acquisitions. The company’s focus on higher-margin consulting and advisory services underpins a positive outlook for FY26.

Veris Limited has acquired Melbourne-based Mesh Livable Communities and a 50% stake in the Parsel digital platform, boosting its urban planning and digital consulting capabilities. The deal, valued at up to AUD 3.18 million plus AUD 0.5 million for equity, is expected to be earnings accretive and strengthen Veris’ presence across Australia’s property and planning sectors.

IPH Limited has clarified that its FY25 underlying earnings aligned closely with market consensus, addressing ASX concerns amid a notable share price drop post-results. The company attributes the share price movement to external operational challenges rather than earnings surprises.

AF Legal Group has reported a strong FY25 with 27% revenue growth and a 77% increase in normalised profit, driven by strategic acquisitions and operational improvements.

AF Legal Group Ltd reported a robust 27% increase in revenue to $27.6 million for FY25, propelled by key acquisitions and operational expansion, despite one-off costs impacting statutory profits.

Ashley Services Group reported a 60% jump in net profit for FY25 despite a 7.3% revenue decline, focusing on debt reduction and operational efficiency to fuel future growth.

Ashley Services Group reported a 7.3% revenue decline to $515.9 million in FY25 but achieved a 60.9% rise in net profit after tax to $2.17 million, driven by operational stabilisation and strategic contract wins.

Veris Limited has returned to profitability in FY25, driven by strong growth in its digital and spatial advisory services, while declaring its first dividend in years and strengthening its cash position.

PeopleIN’s FY2025 results reveal a revenue dip amid challenging conditions, offset by strategic cost savings, strong cash flow, and a $6 million share buy-back, positioning the company for growth in Queensland and Defence sectors.