SThree plc (LSE:STEM) posted full-year FY25 results broadly in line with expectations, despite a 12% year-on-year drop in net fees amid tough market conditions. The group completed its Technology Improvement Programme across all regions during the year, strengthening operational efficiency and laying the groundwork for more scalable growth.
Operationally, the successful rollout of the Technology Improvement Programme is a key milestone, enabling improved productivity and more streamlined processes across SThree’s global platform. The US business returned to growth during the period, helping to offset weaker performance in other geographies and demonstrating resilience in one of the group’s most important markets.
From a financial perspective, SThree ended the year with a robust balance sheet, reporting net cash of £68 million. This strong liquidity position underpins the company’s intention to pursue an additional share buyback programme, highlighting management’s confidence in cash generation and capital discipline. While overall revenue and cash flow remain under pressure, financial stability has been maintained.
Looking ahead, SThree’s outlook is supported by attractive valuation metrics and positive corporate developments. Although trading conditions remain challenging, technical indicators point to bullish momentum, reinforcing a cautiously optimistic view on the company’s prospects as productivity improvements begin to take effect.
More about SThree plc
SThree plc is a global STEM workforce consultancy focused on science, technology, engineering, and mathematics markets. The company provides both contract and permanent recruitment solutions, with a strong international footprint, particularly in the United States, Germany, and the Netherlands.
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