1st Aug 2025 12:15
Robert Walters PLC - London-based recruitment firm - Decides against paying an interim dividend, compared to 6.5 pence a share a year ago, as revenue falls by 12% in the first half of 2025, widening its pretax loss. Reporting results on Thursday, Robert Walters says its pretax loss widens to GBP10.2 million in the six months that ended June 30 from GBP2.3 million a year before, as revenue falls to GBP402.8 million from GBP459.3 million. Even at constant currency, the revenue decline is 10%. The company's shares close down 12% on Thursday in London in response.
"Whilst our financial results were impacted by the external environment, we have more conviction than ever of the necessity for the strategic change we are making," says Chief Executive Toby Fowlston. "We are strengthening our specialist recruitment geographic portfolio and seeing benefits from our margin improvement programme - a key underpin of our medium-term ambitions."
Robert Walters says it will review the potential to reinstate dividend payments at the time of its final results for 2025 in March next year.
Current stock price: 143.50p, flat on Friday
12-month change: down 61%
By Tom Waite, Alliance News editor
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