PageGroup slashed its annual dividend by 50% to 8.57p per share after reporting a 7.4% revenue decline to £1.596bn for 2025, as the specialist recruiter navigates a challenging market environment. The company's operating profit plummeted 58.8% to £20.9m, while earnings per share fell 68.1% to 2.9p, missing analyst forecasts due to a higher effective tax rate.

Chief Executive Nicholas Kirk described the performance as "resilient" despite continued market uncertainty, particularly in Continental Europe and the UK. The company saw improved conditions in Asia Pacific and growth in the US, while implementing cost optimization measures expected to generate £15m in annual savings from 2026.

Fee earner headcount decreased by 402, or 7.5%, though gross profit per fee earner remained high at £148.9k. PageGroup's net cash position fell to £31.4m from £95.3m in 2024 after paying £53.6m in dividends during the year, reflecting the financial pressure facing the recruitment sector.