Robert Walters (LON:RWA) Announces Earnings Results

Robert Walters (LON:RWA) posted its earnings results on Wednesday. The company reported GBX (40.70) earnings per share for the quarter, Digital Look Earnings reports. Robert Walters had a negative net margin of 1.77% and a negative return on equity of 11.63%.

Here are the key takeaways from Robert Walters’ conference call:

• Reported net fee income fell 14% y/y in constant currency (−£47m), the group recorded an operating loss of £14.9m and a loss before tax of £19.6m, and the board will not propose a final dividend.
• Management delivered material cost savings — operating costs down £27m with average headcount reduced ~15% and a monthly cost run‑rate below £24m (continuing to trend lower), and is implementing local financing to improve balance‑sheet flexibility.
• Cash and guidance are mixed — negative free cash flow of £14.6m and net cash roughly halved versus 2024 (below the £50m policy target) but described as sufficient to run the business; planning assumes 2026 group net fees will be slightly below 2025.
• Early signs of market recovery were seen in the U.K., Spain and New Zealand, with H2 2025 returning to positive net fees growth and momentum continuing into early 2026.
• Strategic execution is progressing — talent advisory net fees nearly doubled, consultancy net fees rose 20% with consultant volumes +25%, recruitment productivity is improving, and outsourcing won a large global expansion that will treble annual contracted volumes.

Robert Walters Stock Down 5.0%

Shares of LON RWA opened at GBX 97.80 on Wednesday. The firm has a market cap of £64.33 million, a P/E ratio of -4.37, a price-to-earnings-growth ratio of 0.08 and a beta of 0.53. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.52 and a current ratio of 1.30. Robert Walters has a 1 year low of GBX 97 and a 1 year high of GBX 255. The firm’s 50 day moving average price is GBX 126.25 and its 200 day moving average price is GBX 133.83.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Robert Walters from GBX 250 to GBX 230 and set a “buy” rating for the company in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 230.

About Robert Walters

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.