Highlights

  • Hiremii (ASX:HMI) rose 22% to AUD 0.039, though turnover was only about AUD 4,256.
  • Unaudited FY26 Revenue reached about AUD 32mn, up 8.6%.
  • Adjusted EBITDA was positive for FY26 and Q4 Gross Profit reached a record AUD 1.149mn.
  • The company is combining recruitment services with an AI-powered workforce intelligence platform.

Hiremii Ltd (ASX:HMI) was among the session's strongest movers, rising 21.88% to AUD 0.039 on turnover of AUD 4,256. The company is valued at about AUD 8.22mn, while its one-year return stands at -11.36%. Hiremii’s latest operating update gives the rally a clearer Earnings backdrop. The company reported positive adjusted EBITDA for FY26, revenue of around AUD 32mn and stronger gross profit. Q4 also delivered positive Operating Cash Flow for a second consecutive quarter. For a small recruitment and workforce-technology company, moving from losses toward positive EBITDA is an important change in the quality of the story.

Company and asset background

Hiremii provides technology-driven labour hire and recruitment services, with a focus on energy, resources and infrastructure markets. It has also been developing AI-powered workforce intelligence, adding a software layer to a traditionally service-led model.

Why the market move matters

The key strategic question is whether technology can improve margins and scalability. Recruitment businesses often grow revenue with headcount, while software can create Recurring Revenue and higher incremental margins. Hiremii’s rising gross Margin suggests the mix may be improving, but the software Business still needs to prove commercial scale.

The bull case

The upside case is that Hiremii can combine a profitable recruitment base with a higher-margin technology platform. Record gross profit and positive EBITDA give management more flexibility to invest in product growth without relying entirely on external capital.

The risks

The stock is very illiquid, as shown by the low turnover despite a 22% price move. Recruitment is also cyclical and exposed to client hiring budgets. The AI platform remains early and may take time to become financially material.

What to watch next

FY26 audited results, gross-margin progression, customer wins for the AI platform and sustained positive operating cash flow are the main measures to follow.

Bottom line

The latest share-price move has returned Hiremii to the market's attention, but the quality of the next rerating will depend on execution rather than momentum alone. At AUD 0.039 and a Market Value of about AUD 8.22mn, the stock is now being judged against the specific operational milestones outlined above. The strongest case for further upside would be evidence that those milestones translate into better resource confidence, commercial traction, earnings quality or funding visibility. Until then, the move should be read alongside the company's stage of development, Liquidity profile and one-year performance rather than treated as a standalone signal.