APM Human Services has delivered its first set of financials as a private operator again, as the dust settles on the US-based Madison Dearborn Partners’ $1.3 billion acquisition.
APM Human Services has delivered its first set of financials as a private operator again, as the dust settles on the US-based Madison Dearborn Partners’ $1.3 billion acquisition.
The employment services business was delisted around this time last year following the buyout by its second largest shareholder, after a turbulent ending to its three year stint on the local bourse.
The again privatised APM - under the entity Ancora Topco Ltd - posted an improved revenue result of $2.6 billion for the 2025 financial year, up 13 per cent per cent from the prior year.
It posted a $166.6 million loss, as the costs associated with the acquisition bit into the full year results, of which APM was only under new ownership for nine months.
Excluding those costs, the global operator booked a $49.5 million loss.
It reported a 5 per cent uptick in earnings before interest, tax, depreciation and amortisation of $301.7 million for the year.
APM had net assets of $1.3 billion, at the end of June.
The business’ biggest division, employment services, brought in $1.4 billion in revenue from contracts with customers.
Its health and wellbeing arm generated $454 million while its communities and assessment division brought in $106.5 million.
The financial reports’ results were adjusted as if APM had been under the new ownership for a full 12 months, as it had only been nine months upon reporting.
Founder Megan Wynne and chief executive Michael Anghie continued on as directors of APM post-merger and maintain a shareholding.
The company had a torrid time on the local stock market after the market reacted badly to a series of operational setbacks and profit downgrades.
It incurred a loss of $220 million on revenue of $2.3 billion in FY24.
APM operated privately for 27 year before its was listed on the ASX at $3.55 per share in late 2021, which briefly made its founder Ms Wynne a billionaire.
The business left the stock market last priced at $1.45 a pop, a far cry from its debut price but an improvement on its lowest point of 68 cents a piece.
