Hiremii Limited (ASX:HMI) Turns Adjusted EBITDA Positive in FY26, Plans Rebrand to AQYR Limited

Sonal Goyal

26 August 2026 11:16 AM AEST

Hiremii Limited (ASX:HMI) Turns Adjusted EBITDA Positive in FY26, Plans Rebrand to AQYR Limited

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Key Highlights

Adjusted EBITDA for FY26 came in at $0.03 million, an improvement of 104% on the $0.733 million loss recorded in FY25.
Revenue for the year rose 8.6% to $32.4 million, while Gross Profit increased 32% to $3.7 million and gross Margin expanded to 11.5%.
The company raised $2.4 million in Capital before fees and proposes changing its name to AQYR Limited, subject to Shareholder approval at the 2026 AGM.
Initial platform customers were onboarded during FY26, generating the company's first SaaS subscription revenue.

Hiremii Limited (ASX:HMI), an AI-powered Workforce Intelligence company serving the global energy, resources and infrastructure sectors, has released its Annual Report for the financial year ended 30 June 2026 (FY26). For the twelve months to 30 June 2026, Hiremii recorded Revenue of $32.4 million, an increase of 8.6% on the $29.8 million reported in FY25. Gross profit for the period rose 32% to $3.7 million, up from $2.8 million in the prior year, while gross margin improved to 11.5% from 9.5% previously.

Adjusted EBITDA, a non-IFRS measure that excludes interest, tax, depreciation, amortisation, share-based payments and Acquisition costs, moved into positive territory at $0.03 million for FY26. This compares with a loss of $0.733 million in FY25, representing a swing of 104% year on year. During the period, the company also raised $2.4 million of capital before fees through share issues, funds earmarked for commercialising its technology products and supporting its broader growth strategy.

Strategic and Commercial Progress

Hiremii has continued to advance its Workforce Intelligence strategy, bringing together its Workforce Analytics, Talent Intelligence and Workforce Solutions offerings under a single integrated model. Commercialisation efforts progressed during FY26, with initial platform customers engaged and the company generating its first SaaS subscription revenue.

The company also established a technology-enabled Workforce Intelligence RPO (recruitment process outsourcing) model, which pairs the AQYR platform with specialist recruitment delivery capability, intended to support recurring, higher-value customer relationships. Elsewhere in the business, growth was recorded across renewable energy, global permanent Workforce Solutions and Workforce Mobility Services, with the Hiremii Global Services division delivering a result for FY26 that included achieving its earnout targets for the year.

Managing Director and Chief Executive Officer Andrew Hornby said FY26 was an important year for the company, noting that revenue growth, improved gross profit and margin performance, and the move to adjusted EBITDA breakeven were achieved while continued Investment was made in commercialising the company's technology. Hornby also pointed to the development of the company's proprietary Knowledge Graph, which is being combined with large language models and recruiter expertise to strengthen the intelligence layer of the platform.

Proposed Name Change to AQYR Limited

Hiremii has proposed changing its company name to AQYR Limited, a move subject to shareholder approval at the Company's 2026 Annual General Meeting. According to the announcement, the proposed name is intended to reflect the Company's repositioning as a Workforce Intelligence Business that combines proprietary workforce data, artificial intelligence and industry expertise to help customers make workforce decisions and secure talent.

Under the proposed rebrand, the business will continue to operate across two integrated layers: Workforce Analytics and Talent Intelligence, which support market navigation and candidate assessment, and Workforce Solutions, which spans recruitment, contracting, executive search, RPO and global mobility services delivered through specialist teams.

Outlook for FY27

Looking ahead, the company has outlined a focus for FY27 on growing recurring SaaS platform revenue, expanding its Workforce Intelligence offering and RPO hybrid customer base, and improving profitability. Management also indicated it will assess organic growth initiatives alongside earnings-accretive acquisition opportunities that could strengthen the Company's strategic position.

The announcement noted that the Company enters FY27 with positive operating momentum and improving margins across both its Workforce Solutions and Technology segments, with the rebranded AQYR entity to focus on executing its Workforce Intelligence strategy and growing higher-margin recurring revenue.

Conclusion

Hiremii's FY26 results show a company reporting year-on-year improvement across revenue, gross profit, margin and adjusted EBITDA, alongside early commercialisation of its SaaS platform and a proposed rebrand to AQYR Limited that is intended to align the corporate identity with its Workforce Intelligence positioning. The FY27 period will show whether the company can continue to build Recurring Revenue and translate its RPO hybrid model and Knowledge Graph technology into further commercial traction, with the proposed name change first requiring shareholder approval at the 2026 Annual General Meeting.

FAQs

Q: What is Hiremii Limited's ASX ticker code?

A: Hiremii Limited trades on the Australian Securities Exchange under the code HMI.

Q: What were Hiremii's headline financial results for FY26?

A: For FY26, Hiremii reported revenue of $32.4 million, up 8.6% on FY25, gross profit of $3.7 million, up 32%, and adjusted EBITDA of $0.03 million, an improvement of 104% on the prior year's loss.

Q: Why is Hiremii proposing to change its name to AQYR Limited?

A: The company says the proposed name change reflects its strategic repositioning as a Workforce Intelligence business that combines workforce data, artificial intelligence and industry expertise, and is subject to shareholder approval at the 2026 Annual General Meeting.

Q: What is the Workforce Intelligence RPO model referenced in the announcement?

A: It is a technology-enabled recruitment process outsourcing model that combines the AQYR platform with specialist recruitment delivery, designed to support recurring, higher-value customer relationships.

Q: What did Hiremii identify as its priorities for FY27?

A: The company outlined a focus on growing recurring SaaS platform revenue, expanding its Workforce Intelligence and RPO hybrid offerings, improving profitability, and assessing organic growth and acquisition opportunities.

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