HRNET Group - revenue increasing 3.4% to S$295.5 million and PATMI rising 29.2% to S$28.0 million, reflecting operational resilience. Interim dividend of 2 cents versus 1.87 last

(HRnetOne) has received the 2024 Shanghai Talent Scout Award (the 

Award) conferred by the Shanghai Municipal Human Resources and Social Security Bureau.

 The Group delivered steady results for 1H 2025, with revenue increasing 3.4% to S$295.5 million 

and PATMI rising 29.2% to S$28.0 million, reflecting operational resilience and financial discipline 

in a fluid macro environment.

An interim dividend of 2 cents per share, representing a 67% payout of 1H 2025 NPAT, has been 

declared for payment on 2 September 2025.

Business Segments

Flexible Staffing (FS)

Revenue increased by S$10.5m (4.1%) to S$265.8m, maintaining its share of Group revenue at 

89.9% and contribution to gross profit (GP) at 52.0%.

Contractor volume grew by 3.7% to 16,140, led by activity in Taipei, Jakarta, and Shanghai. GP 

per contractor declined 6.3%, resulting in a 2.8% reduction in FS GP to S$31.8m.

GP Margin eased to 12.0% (1H 2024: 12.8%), largely due to higher volume contributions from 

lower-margin international markets, and a dip in volumes from the relatively higher-margin 

Singapore FS business.

Outlook on Macro Risks

The outlook for 2H remains uncertain, with evolving trade dynamics potentially influencing client 

hiring plans:

 Singapore’s base tariff rate remains low at 10%, but global trade linkages may pose indirect 

risks.

 Taiwan’s effective tariff rate has eased to 20%, narrowing the gap with ASEAN.

 Mainland China continues to face 30% export and 10% US import tariffs, with transshipment 

routes under scrutiny.