What did Accordant Group Limited announce?

Accordant Group Limited (NZX: AGL) filed “Accordant Group FY27 Half Year results” with NZX on 27 October 2026, as a half year results announcement.

When was it filed?
27 October 2026
Where is the original?
NZX announcement
Accordant Group Limited logo

Accordant Group FY27 Half Year results

Half Year Results27 October 2026AGLUtilities

Accordant Group Limited
Level 6, 51 Shortland Street, Auckland

PO Box 105 675, Auckland 1143

Tel 09 526 8770

accordant.nz

Accordant Group Limited

Level 6, 51 Shortland Street, Auckland

PO Box 105 675, Auckland 1143

Tel 09 526 8770

accordant.nz

NZX Release

28 October 2026

Accordant Group reports revenue growth for first half of FY27

• Revenue $88.5 million, up 8% on prior year

• Cash from operating activities improved to $2.8 million, up 11% on prior year

• After-tax loss of ($234k), down from ($1.1 million) on prior year

• Net bank debt $21.5 million, down from $28.5 million at 31

st

March 2026


Accordant Group Limited (NZX: AGL) today announced revenue growth of 8% for the first half of FY27

compared with the corresponding period last year, as the economy continues a mixed recovery.

Revenue from the Blue Collar segment rose by 4% to $37.1 million, while White Collar revenue grew

11% to $51.4 million. Both segments contributed to the improved group profitability.

After tax loss improved to ($234k), down from ($1.1 million) in the same period last year.

Group CEO Jason Cherrington said, “the Group’s stronger financial position this year reinforces our

continued focus on efficiency and whilst the upcoming election has created some uncertainty among

clients, our guidance provided during the capital raise earlier in the year currently remains unchanged.”

Net bank debt reduced this financial year by $7 million, to $21.5 million at 30

th

September 2026 – a

combination of the capital raise successfully completed in May and a stronger trading performance in

the first half of the year.

“Our immediate priorities remain so far as improving profitability, further reducing debt, and ensuring

the Group is positioned to realise growth in areas of the market that are more buoyant,” Cherrington

said.


ENDS


Jason Cherrington For the Board:

Group CEO Simon Bennett, Chair

For further information contact Jason Cherrington +64 21 781 389.

---

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Updated as at March 2025


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NZX as required under NZX Listing Rule 3.26.1.


Results for announcement to the market

Name of issuer Accordant Group Limited

Reporting Period 6 months to 30 September 2026

Previous Reporting Period 6 months to 30 September 2025

Currency

Amount (000s) Percentage change

Revenue from continuing

operations

$88,553 7.90%

Total Revenue $88,553 7.90%

Net profit/(loss) from

continuing operations

($234) -79.14%

Total net profit/(loss) ($234) -79.14%

Interim/Final Dividend

Amount per Quoted Equity

Security

The Board has resolved not to pay an interim dividend

Imputed amount per Quoted

Equity Security

Not applicable

Record Date Not applicable

Dividend Payment Date Not applicable

Current period Prior comparable period

Net tangible assets per

Quoted Equity Security (in

dollars and cents per

security)

-$0.29524178 -$0.73236816

A brief explanation of any of

the figures above necessary

to enable the figures to be

understood

Refer to Interim Financial Statements

Authority for this announcement

Name of person


authorised

to make this announcement

Rod Hyde

Contact person for this

announcement

Rod Hyde

Contact phone number +64 9 526 8797

Contact email address Rod.hyde@accordant.nz

Date of release through MAP

28/10/2026


Unaudited financial statements accompany this announcement.

---

for the six month period
ended 30 September 2026

Interim Report

CEO’s Insights
Jason Cherrington, Group CEO

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

2

At our Annual Shareholder
Meeting in August,

I described the recovery

across our markets as

active, uneven and still

developing. At the halfway

point of FY27, that remains

an accurate assessment.

CEO’s Insights

3

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

The Group delivered revenue of $88.5 million
for the six months ended 30 September 2026,

an increase of 8% on the same period last year.

Growth was achieved across both our White

Collar and Blue Collar segments, despite

trading conditions remaining mixed.

The improvement extended beyond revenue.

Net loss after tax reduced to ($234k),

compared with a loss of ($1.1 million) in H1

FY26. Cash from operating activities increased

by 11% to $2.8 million, while net bank debt

reduced by $5.5 million compared with

September 2025 and by $7.0 million since

the end of FY26.

During the capital raise process this year

we estimated FY26 revenue of $163 million.

Actual FY26 revenue was $165 million,

exceeding that forecast.

The capital raise documentation also set an

FY27 EBITDA estimate of approximately $3.2

million. At the half-year result, EBITDA was

modestly ahead of the target for the period at

$1.8 million, indicating the Company remains

on track to deliver its FY27 objectives.

More specifically, White Collar revenue

increased by 11% to $51.4 million, compared

with $46.4 million in H1 FY26. Revenue from

temporary placements increased by 9% and

permanent placement revenue increased by

23%. The contribution from generalist roles

and demand in technology contracting has

significantly improved year on year.

Blue Collar revenue increased by 4% to $37.1

million, compared with $35.6 million in H1

FY26. Overall activity was broadly in line

with the levels reached through FY26, with

assignments and demand continuing to vary

across industries and regions.

Within the Blue Collar segment, we have

seen an increase in demand for workers

with higher and more specialised skill sets.

This is a positive development and places

greater emphasis on candidate attraction,

skills verification, training, health and safety,

and maintaining dependable pools of

appropriately qualified people.

Our scale, national reach and operating

disciplines remain important advantages in

meeting these requirements. They allow us

to respond to changing client needs while

maintaining the standards of care expected by

our clients, candidates and employees.

More broadly, New Zealand’s economic

indicators continue to present a mixed

picture. GDP increased by 0.2% in the June

2026 quarter, with nine of 16 industry groups

expanding. This indicates that activity is

gradually returning, although the recovery

remains sector specific.

Top-line growth does not mean our focus on

efficiency has eased.

The actions taken over recent years

have established a leaner operating base, but

efficiency is not a one-off exercise.

We continue to examine how our

people work, how quickly we

respond to clients and candidates,

and where technology can remove

friction without compromising

service quality.

4

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

We continue to examine how our people
work, how quickly we respond to clients and

candidates, and where technology can remove

friction without compromising service quality.

Our approach to AI remains centred on

augmentation, with appropriate human

oversight and a commitment to transparent,

ethical and responsible use. We expect

technology to continue reshaping workflows

and productivity expectations, both within

our businesses and across the organisations

we support.

We are also maintaining discipline around the

quality of revenue we pursue. Sustainable

performance requires appropriate commercial

returns, strong client relationships, rigorous

health and safety standards and consistent

candidate care. Increased market activity will

not change those principles.

The Board has unsurprisingly resolved not

to pay an interim dividend. Our immediate

priorities remain; improving profitability,

continuing to reduce debt and ensuring

the Group is positioned to capture

sustainable growth.

We expect the second half to bring both

opportunity and continued variability.

The economic recovery remains exposed

to domestic and global uncertainty, and the

election may influence the timing of some

decisions. At the same time, organisations

cannot indefinitely defer critical hiring,

transformation programmes, infrastructure

activity or the replacement of specialist

capability.

As previously announced, I will be retiring

from my role as Group Chief Executive next

year. Until then, my focus and that of my team

remains firmly on the delivery of our FY27 plan,

supporting an orderly leadership transition

and ensuring the Group continues the

progress evident in this half-year result.

I thank our clients, candidates, contractors

and temporary employees for continuing to

place their trust in us. I also thank our people

across New Zealand, whose determination,

adaptability and commitment underpin the

progress reflected in this positive result.

Jason Cherrington,

Group Chief Executive

Sustainable performance requires

appropriate commercial returns, strong

client relationships, rigorous health

and safety standards and consistent

candidate care. Increased market activity

will not change those principles.

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

5

Financial
Statements.

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

Accordant Group Limited
Statement of comprehensive income

For the six month period ended 30 September 2026 (unaudited)

GROUP

6 months to

30 September

2026

(unaudited)

6 months to

30 September

2025

(unaudited)

$’000$’000

Revenue from contracts with customers

88,54582,029

Other income

838

Direct costs

(768)(752)

Employee benefits expense

(51,502)(51,122)

Contractor costs

(29,398)(24,342)

Other operating expenses

(3,931)(3,887)

Depreciation and amortisation expense

(1,662)(2,045)

Finance costs

(1,594)(1,488)

Loss before income tax

(302)(1,569)

Tax benefit

68447

Net loss after income tax

(234)(1,122)

Other comprehensive income for the period

––

Total comprehensive income

(234)(1,122)

Earnings per share

Total basic earnings per share (cents)

(0.3)(3.3)

Total diluted earnings per share (cents)

(0.3)(3.3)

The accompanying notes to the interim financial statements form an integral part of these financial statements

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

7

Accordant Group Limited
Statement of financial position

As at 30 September 2026 (unaudited)

GROUP

30 September

2026

(unaudited)

30 September

2025

(unaudited)

31 March

2026

(audited)

$’000$’000$’000

Assets

Current assets

Cash and cash equivalents1491,058174

Trade and other receivables16,19715,02519,968

Taxation receivable110243-

Total current assets16,45616,32620,142

Non-current assets

Property, plant and equipment9921,2641,096

Right of use assets10,95610,01911,902

Other intangible assets12,71313,53813,126

Goodwill31,55331,55331,553

Total non-current assets56,21456,37457,677

Total assets72,67072,70077,819

Liabilities

Current liabilities

Trade and other payables15,30414,07717,254

Contract liabilities260182545

Provisions140172231

Lease liabilities2,0202,0212,445

Total current liabilities17,72416,45220,475

Non-current liabilities

Borrowings21,60028,00028,650

Lease liabilities10,0538,42110,239

Deferred tax liabilities579955538

Total non-current liabilities32,23237,37639,427

Total liabilities49,95653,82859,902

Net assets22,71418,87217,917

Equity

Share capital35,86830,86830,868

Treasury shares(632)(632)(632)

Group share scheme reserve311535280

Retained earnings(12,833)(11,899)(12,599)

Total equity22,71418,87217,917

For and on behalf of the Board who authorise the issue of the interim financial statements on 28 October 2026:

SIMON BENNETT RICHARD STONE

Chair Chair, Audit & Risk Committee

The accompanying notes to the interim financial statements form an integral part of these financial statements

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

8

Accordant Group Limited
Statement of changes in equity

For the six month period ended 30 September 2026 (unaudited)

GROUP

Share

capital

Treasury

shares

Group share

scheme

reserve

Retained

earnings

Total

equity

$’000$’000$’000$’000$’000

Period ended 30 September 2025

Balance as at 1 April 2025

30,868(632)487(10,777)19,946

Loss for the period

–––(1,122)(1,122)

Total comprehensive income

for the period

–––(1,122)(1,122)

Transactions with owners:

Dividends paid

–––––

Share based payments

––48–48

Total transactions with owners

––48–48

Balance as at 30 September 2025

(unaudited)

30,868(632)535(11,899)18,872

Period ended 30 September 2026

Balance as at 1 April 2026

30,868(632)280(12,599)17,917

Loss for the period

–––(234)(234)

Total comprehensive income

for the period

–––(234)(234)

Transactions with owners:

Issue of share capital

5,000–––5,000

Dividends paid

–––––

Share based payments

––31–31

Total transactions with owners

5,000-31-5,031

Balance as at 30 September 2026

(unaudited)

35,868(632)311(12,833)22,714

The accompanying notes to the interim financial statements form an integral part of these financial statements

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

9

Accordant Group Limited
Statement of cashflows

For the six month period ended 30 September 2026 (unaudited)

GROUP

6 months to

30 September

2026

(unaudited)

6 months to

30 September

2025

(unaudited)

$’000$’000

Cashflow from operating activities

Receipts from customers

92,35384,493

Payments to suppliers, contractors and employees

(87,931)(80,616)

Net cash generated from operations

4,4223,877

Interest paid on bank loans

(1,203)(1,236)

Interest paid on lease liabilities

(385)(214)

Income taxes refunded

-118

Net cash provided by operating activities

2,8342,545

Cashflow from investing activities

Proceeds from sale of property, plant and equipment

19

Purchase of property, plant and equipment

(50)(77)

Net cash used in investing activities

(49)(68)

Cashflow from financing activities

Dividends paid to shareholders of the parent

––

Proceeds from capital raise

5,000–

Net repayment of borrowings

(7,050)(3,000)

Payment of principal on lease liabilities

(760)(1,397)

Net cash used in financing activities

(2,810)(4,397)

Net decrease in cash and cash equivalents held during the period

(25)(1,920)

Cash and cash equivalents at the beginning of the period

1742,978

Cash and cash equivalents at end of the period

1491,058

The accompanying notes to the interim financial statements form an integral part of these financial statements

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

10

Accordant Group Limited
Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

REPORTING ENTITY

Accordant Group Limited is a company limited by

shares, incorporated and domiciled in New Zealand,

registered under the Companies Act 1993, and

listed on the New Zealand Stock Exchange (NZX).

The address of its registered office and principal

place of business is disclosed in the directory to the

Annual Report. The principal services of Accordant

Group Limited (the Company), and its subsidiaries

(collectively referred to as ‘the Group’), are the

supply of temporary staff, contractor resource,

and recruitment of permanent staff.

BASIS OF PREPARATION

The interim financial statements are for

Accordant Group Limited and its subsidiaries,

and have been prepared:

• in accordance with New Zealand Generally

Accepted Accounting Practices (NZ GAAP),

IAS 34 Interim Financial Reporting, and

NZ IAS 34 Interim Financial Reporting;

• in accordance with the requirements of the

Financial Markets Conduct Act 2013, the

Companies Act 1993, and the NZX listing rules;

• on the basis of historical cost, as modified by

revaluations to fair value for certain classes

of assets and liabilities as described in the

accounting policies;

• on a going concern basis, which contemplates

continuity of normal business activities and

the realisation of assets and the settlement of

liabilities in the ordinary course of business; and

• in New Zealand dollars (which is the Group's

functional and presentation currency), with

values rounded to thousands ($000) unless

otherwise stated.

The interim financial statements were authorised

for issue by the Directors on 28 October 2026.

The interim financial statements do not include all

of the information and disclosures required in the

annual financial statements, and should be read

in conjunction with the Group's annual financial

statements for the year ended 31 March 2026.

The accounting policies used in preparation of

these financial statements are consistent with those

used in the Group’s annual financial statements

for the year ended 31 March 2026, except for the

adoption of any new standards effective as of 1 April

2026 and the early adoption of any other standard,

interpretation or amendment that has been issued

but is not yet effective.

All mandatory new standards, amendments, and

interpretations to existing standards that came into

effect during the current accounting period have

been adopted in the current year.

There are a number of new standards and

amendments to standards and interpretations that are

not yet effective for the year beginning 1 April 2026.

The Group has not early adopted any new or

amended standards and interpretations in

preparing these financial statements and does not

expect them to have a material impact on future

financial statements.

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

11

SEGMENT INFORMATION
The Chief Operating Decision Maker (CODM) is the

Group Chief Executive.

The Group has two defined Reporting Segments:

• Blue Collar Reporting Segment – AWF operates

branches under the brand names AWF (throughout

New Zealand) and Select (Dunedin), which

provide contingent labour hire associated with

infrastructure, logistics, manufacturing, technical,

and construction. The Work Collective (TWC)

provides opportunities for those who face barriers

to employment.

• White Collar Reporting Segment – The White

Collar segment provides contingent temporary

employees, contractors, permanent placement,

and executive search services.

Within the White Collar Reporting Segment are

four operating segments:

• Madison Recruitment (operating under

the brands Madison Recruitment and

Madison Force)

• Absolute IT

• JacksonStone & Partners

• Hobson Leavy

These operating segments have been aggregated

on the basis that they have similar economic

characteristics; the nature of the services offered,

the processes and customers are substantially the

same, and strategic decisions are made in

conformity over all four brands.

The corporate office function, reported as ‘Central

administration costs and director fees’, includes

costs related to governance, compliance, audit, and

Group funding. The corporate office also provides

shared services including accounting, information

technology, human resources, and marketing

expertise, however these are recovered to the

operating segments via a management fee, which

is included in the operating segment profit.

Revenue derived is incidental to the Group

activities. The corporate office function is not an

operating segment and is not part of one of the

reportable segments.

These segments have been determined on the

basis of the trading brands that operate under each;

that discrete financial information is available for

these segments; and that their operating results are

regularly reviewed by the CODM.

All revenues from external customers and non-current

assets other than financial instruments, deferred

tax assets, post employment benefits, and rights

arising under insurance contracts are attributed to the

Group’s country of domicile.

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

12

Segment revenueSegment profit
6 months

to 30

September

2026

(unaudited)

6 months

to 30

September

2025

(unaudited)

6 months to

30 September

2026

(unaudited)

6 months to

30 September

2025

(unaudited)

SEGMENT REVENUE AND RESULTS$’000$’000$’000$’000

Continuing operations

Blue Collar37,10835,585776653

White Collar51,43746,4441,703442

Total for continuing operations88,54582,0292,4791,095

Other Income838

Central administration costs and

director fees(1,195)(1,214)

Finance costs(1,594)(1,488)

Loss before income tax(302)(1,569)

Tax benefit68447

Net loss after income tax(234)(1,122)

Revenue reported above represents revenue generated from external customers. Inter-segment sales in the

period were $9,000 (2026: $25,000) and have been eliminated from the above table. Inter-segment sales

were eliminated from the originating segment. No one customer accounts for more than 10% of the Group’s

revenue (2026: no one customer accounts for more than 10% of the Group’s revenue).

The accounting policies of the reportable segments are the same as the Group’s accounting policies described

in this report.

Segment profit represents the profit earned by each segment without allocation of central administration costs

and director fees, other income, finance costs, and income tax expense. This is the same measure reported to

the CODM for the purpose of resource allocation and assessment of segment performance.

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

13

30 September
2026

(unaudited)

30 September

2025

(unaudited)

31 March

2026

(audited)

SEGMENT ASSETS

$’000$’000$’000

Continuing operations

Blue Collar

20,21319,28424,076

White Collar

47,80048,02149,014

Total segment assets

68,01367,30573,090

Unallocated assets

4,6575,3954,729

Total assets

72,67072,70077,819

For the purposes of monitoring segment performance and allocating resources between segments,

the CODM monitors the assets attributable to each segment. All assets are allocated to the reporting

segment other than cash, cash equivalents, centrally held leases, centrally held fixed assets, and tax

assets of the Company.

30 September

2026

(unaudited)

30 September

2025

(unaudited)

31 March

2026

(audited)

SEGMENT LIABILITIES$’000$’000$’000

Continuing operations

Blue Collar10,4069,35412,380

White Collar12,73312,02214,128

Total segment liabilities23,13921,37626,508

Unallocated liabilities26,81732,45233,394

Total liabilities49,95653,82859,902

For the purposes of monitoring segment performance and allocating resources between segments,

the CODM monitors the liabilities attributable to each segment. All liabilities are allocated to reportable

segments, other than borrowings, centrally held leases, and tax liabilities of the Company.

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

14

Employee
benefits

Contractor

costs

EMPLOYEE AND

CONTRACTOR COSTS

6 months to

30 September

2026

(unaudited)

$'000

6 months to

30 September

2025

(unaudited)

$'000

6 months to

30 September

2026

(unaudited)

$'000

6 months to

30 September

2025

(unaudited)

$'000

Blue Collar

32,85431,59344123

White Collar

16,47417,92329,35424,219

Unallocated

2,1741,606-–

Total

51,50251,12229,39824,342

Depreciation

and amortisation

Impairment

DEPRECIATION, AMORTISATION,

AND IMPAIRMENT

6 months to

30 September

2026

(unaudited)

$'000

6 months to

30 September

2025

(unaudited)

$'000

6 months to

30 September

2026

(unaudited)

$'000

6 months to

30 September

2025

(unaudited)

$'000

Blue Collar

537566––

White Collar

7711,400––

Unallocated

35479––

Total

1,6622,045––

Non-current

assets

Net additions to

non-current assets

NON-CURRENT ASSETS

30 September

2026

(unaudited)

$'000

30 September

2025

(unaudited)

$'000

6 months to

30 September

2026

(unaudited)

$'000

6 months to

30 September

2025

(unaudited)

$'000

Blue Collar

12,10711,091(477)24

White Collar

39,99540,729(668)1,092

Unallocated

4,1124,554(318)4,620

Total

56,21456,374(1,463)5,736

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

15

GROUP
6 months to

30 September

2026

(unaudited)

6 months to

30 September

2025

(unaudited)

REVENUE FROM CONTRACTS WITH CUSTOMERS

$’000$’000

Revenue earned on temporary placements

Blue Collar

36,36635,064

White Collar

33,58030,941

Total revenue earned on temporary placements

69,94666,005

Revenue earned on permanent placements

Blue Collar

498306

White Collar

2,7952,264

Total revenue earned on permanent placements

3,2932,570

Revenue earned on a retained basis

Blue Collar

24–

White Collar

3,3743,376

Total revenue earned on a retained basis

3,3983,376

Other service revenue

Blue Collar

220215

White Collar

11,6889,863

Total other service revenue

11,90810,078

Total revenue

88,54582,029

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

16

Accordant Group Limited
Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

GROUP

RECONCILIATION OF NET LOSS AFTER TAX TO CASHFLOW

FROM OPERATING ACTIVITIES

6 months to

30 September

2026

(unaudited)

6 months to

30 September

2025

(unaudited)

$’000$’000

Net loss after income tax

(234)(1,122)

Adjustments for operating activities non-cash items

Depreciation and amortisation

1,6622,045

Gain on disposal of property, plant and equipment

(1)(2)

Movement in expected credit loss provision

–(22)

Movement in deferred tax

41(203)

Equity-settled share-based payments

3148

Total non-cash items

1,7331,866

Movements in working capital

Decrease in trade and other receivables

3,7712,402

Increase in trade and other payables, and contract assets

(2,326)(476)

Increase in taxation receivable

(110)(125)

Total movement in working capital

1,3351,801

Cashflow from operating activities

2,8342,545

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

17

DIVIDENDS
Prior year interim dividend

On 10 November 2025 the Directors resolved not

to declare an interim dividend for the period ended

30 September 2025.

Prior year final dividend

On 28 May 2026 the Directors resolved not to declare

a final dividend for the year ended 31 March 2026.

SUBSEQUENT EVENT

On 28 October 2026 the Directors resolved not to

declare an interim dividend for the period ended

30 September 2026.

FINANCIAL INSTRUMENTS

The carrying amount of financial instruments at

balance date approximate the fair value at that date.

CONTINGENT LIABILITIES

ASB Bank Limited has issued five (2026: six)

guarantees on behalf of the Group totalling $529,955

(2026: $756,097) in support of four property leases

(2026: five) and a surety bond to the NZX.

The Group has no other contingent assets or

liabilities at 30 September 2026 (2026: $Nil).

EVENTS AFTER THE REPORTING DATE

There were no other material events subsequent

to reporting date.

Accordant Group Limited

Notes to the interim financial statements

For the six month period ended 30 September 2026 (unaudited)

FINANCIAL STATEMENTSACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

18

Registered Office
Level 6, 51 Shortland Street

Auckland 1010

Ph: +64 9 526 8770

Mailing address

PO Box 105 675

Auckland 1143

Directors

Simon Bennett (Chairman and Independent Director)

Simon Hull (Non-independent Director)

Richard Stone (Independent Director)

Auditor

Deloitte Limited

Deloitte Centre

L15-20, 1 Queen Street

Private Bag 115033

Auckland 1140

Phone: +64 9 303 0700

Fax: +64 9 309 4947

ACCORDANT GROUP INTERIM REPORT 30 SEPTEMBER 2026

Solicitors

MinterEllisonRuddWatts

PwC Tower

15 Customs Street West

PO Box 105 249

Auckland 1143

New Zealand

DX CP24061

Phone: +64 9 353 9700

Fax: +64 9 353 9701

Share Registry

MUFG Corporate Markets

PwC Tower

L30, 15 Customs Street West

Auckland 1010

New Zealand

PO Box 91976

Ph: +64 9 375 5998

19

Directory.

Registered Office of
Accordant Group Limited

Level 6, 51 Shortland St

PO Box 105 675

Auckland 1143

Ph: 09 526 8770

accordant.nz

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