REG - Staffline Group PLC - AGM Trading Update

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RNS Number : 6884E  Staffline Group PLC  18 May 2026

18 May 2026

Staffline Group plc

("Staffline", the "Company" or the "Group")

 

AGM Trading Update

 

Staffline (AIM: STAF), the recruitment group, provides the following trading
update for the current financial year ("FY 2026") ahead of its Annual General
Meeting ("AGM") at 9.30am today:

The Group is pleased to report that the strong operational and financial
momentum experienced during FY 2025 has continued into FY 2026. Across the
first four months of 2026, the Group has delivered a 14.6%* increase in gross
profit compared to the prior year, underpinned by a 9.1% year-on-year uplift
in temporary worker hours in Recruitment GB, reflecting the sustained demand
for both temporary and agency recruitment solutions. Recruitment Ireland also
reported a strong start to 2026, supported by a combination of an increase in
temporary hours, alongside buoyant permanent recruitment activity.

This excellent operational performance is underpinned by a healthy new
business pipeline, driven by organic growth and market share gains across
Staffline's blue-chip customer base.

The Board has also deployed the Group's strong trading cash flows to
facilitate the current share buyback programme, repurchasing 7.01 million
ordinary shares since the beginning of 2026, at an average price of 45.36
pence per ordinary share, for a total consideration of £3.18 million.

Finally, the Board remains confident that, notwithstanding the ongoing
challenging macro-economic backdrop, FY 2026 results will be in line with
management expectations, as the Group's scale and reach, coupled with its
reputation for service excellence and governance, continue to deliver strong
organic growth.

*Relating to continuing activities

For further information, please contact:

 Staffline Group plc                                                 via Vigo Consulting

 www.stafflinegroupplc.co.uk (http://www.stafflinegroupplc.co.uk/)

 Albert Ellis, Chief Executive Officer

 Daniel Quint, Chief Financial Officer

 Panmure Liberum (Nominated Adviser and Broker)                      020 3100 2222

 www.panmureliberum.com (http://www.panmureliberum.com)

 Nick How / Satbir Kler

 Zeus (Joint Broker)                                                 020 3829 5000

 https://zeuscapital.co.uk/ (https://zeuscapital.co.uk/)

 David Foreman (Investment Banking)

 Nick Searle (Sales)

 Vigo Consulting (Financial PR)                                      020 7390 0230

 www.vigoconsulting.com (http://www.vigoconsulting.com/)             Staffline@vigoconsulting.com

 Jeremy Garcia / Anna Sutton

 

 

 

About Staffline - Recruitment

Enabling the Future of Work™

Staffline is one of the UK's leading Recruitment groups. It has two divisions:

 

Recruitment GB

The Recruitment GB business is a leading provider of flexible blue-collar
workers, supplying up to c.38,000 staff per day on average from around 550
sites, across a wide range of industries including supermarkets, drinks,
driving, food processing, logistics and manufacturing.

 

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider
operating across multiple industries, ten branch locations and ten onsite
customer locations, supplying c.4,700 staff per day on average, and offering
RPO, MSP, temporary and permanent solutions across public and private sectors
throughout the island of Ireland.

 

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