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Robert Walters PLC - London-based recruitment firm - Net fee income is £69.6 million in the third quarter, down 13% from £79.9 million a year earlier, or down 12% at constant currency rates. This puts net fee income for the first nine months of 2025 at £209.6 million, down 15% from £246.0 million a year before, or down 13% constant currency. Asia-Pacific remains the biggest source of income for Robert Walters in the third quarter, at just under half, but it is down 6% on year, or 2% at constant currency. Net fee income is down 4% in the UK in the recent quarter, but the company says it is seeing improvement in both Asia-Pacific and specialist recruitment in the UK. Europe remains ‘challenging’, however, with income down 24% in the third quarter, or 26% at constant currency.
‘Our planning assumption continues to be that recovery in hiring markets will develop very gradually,’ says Chief Executive Toby Fowlston, adding: ‘Throughout our business, we are highly focussed on continuing to take the right actions to drive a return to profitability in 2026.’
Robert Walters will provide a trading update for the fourth quarter on January 15.
Current stock price: 129.37 pence, up 11% in London on Tuesday
12-month change: down 63%
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