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Ignite Limited (ASX:IGN)

ALERT: Price-sensitive ASX Announcement for IGN
Current share price for IGN : $0.580 -0.09 (-13.43%)+
Announcement
Release
18 Aug 2026 9:51AM
Price at Release
$0.670
Full Release
download
Summary
Ignite Limited's 2026 Annual Report highlights a statutory profit of $0.872 million, a significant decline from the previous year, amidst a revenue drop to $73.193 million. The year saw the closure of the Technology Solutions business and a focus on productivity, resulting in decreased employee benefits expenses. A share option plan was introduced, enhancing personnel incentives, while a share consolidation in late 2024 boosted earnings per share. Despite challenges, cash reserves rose, supporting a declared fully franked final dividend of $0.03 per share. The report details the company’s financial position, showing total assets at $12.976 million and strategic decisions to sustain growth in its Specialist Recruitment segment.
Key Points
  • In FY26, Ignite Limited reported a statutory profit of $0.872 million, down from $1.235 million in FY25, and an underlying profit of $1.172 million.
  • Revenue decreased by 18.8% from $90.156 million to $73.193 million.
  • The company declared a final dividend of $0.03 per share, fully franked, on 18 August 2026.
  • A share option plan was established, with options issued to key personnel in compliance with ASX Listing Rule 7.1.
  • The Share Consolidation completed on 29 November 2024 improved earnings per share ten-fold.
  • Cash and cash equivalents increased to $6.717 million at balance date.
  • Employee benefits expense decreased by $1.511 million, reflecting increased productivity per headcount and the closure of the Technology Solutions business.
  • The company’s total assets were $12.976 million, with total liabilities of $4.461 million.
  • There are two main segments: Specialist Recruitment and Technology Solutions, with Specialist Recruitment accounting for the majority of the revenue.
  • The Board of Directors and key management personnel received fixed remuneration only, without performance-based elements.
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.