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Ignite Limited (ASX:IGN)

ALERT: Price-sensitive ASX Announcement for IGN
Current share price for IGN : $0.710 0.04 (5.97%)+
Announcement
Release
18 Feb 2026 3:23PM
Price at Release
$0.670
Full Release
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Summary
The half-year report for Ignite Limited, ending 31 December 2025, shows a challenging period with a significant decrease in revenue by 18.2% to $38.3 million due to a difficult Federal Government recruitment market. Despite this, the company achieved a statutory profit after tax of $308k, down from $615k the previous year. The closure of the Technology Solutions business reduced employee benefits expenses by 15.1% and incurred $300,000 in restructuring costs. The company focused on cost efficiencies, reducing other expenses by 3.4%, and improved cash from operating activities by $616k compared to the previous period. The company maintained profitability and improved cash flow despite revenue challenges. The interim dividend declared was $0.03 per share. The company did not gain or lose control over any entities during the period and has no associates or joint ventures.
Key Points
  • Revenue decreased by 18.2% due to challenging Federal Government recruitment market.
  • Statutory profit after tax was $308k, a decrease from $615k.
  • Closure of Technology Solutions business led to a $300,000 restructuring cost.
  • Employee benefits expense decreased by 15.1%.
  • Cash from operating activities improved by $616k.
  • Interim dividend of $0.03 per share announced.
  • No change in control over entities or involvement in joint ventures.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.