Bermuda Stock Exchange listed Hawley Group Limited has declared net income of $3.15 million for the fiscal year to December 31, more than double than that of the 2023 year of $1,499,000.

Incorporated in the British Virgin Islands, it is a provider, through its wholly owned subsidiary, Applicant Insight Inc, of technology-enabled background, onboarding services, workflow management and post-hire screening, credentialling and compliance services.

Johnny Bitar, president and CEO of aInsight, and a board member of Hawley Group, said the company was excited about the strategic initiatives and opportunities planned in 2025.

The group reported revenues of $32.9 million (2023: $32 million) and net income per share of nine cents (2023: $0.04).

Total assets at December 31, 2024 amounted to $32.5 million (2023: $28.6 million) and stockholders’ equity amounted to $26.8 million (2023: $23.7 million).

Hawley Group Limited is a strategic investment company incorporated in BVI with a primary objective to invest in either one or more quoted or unquoted businesses.

Chairman Peter Gaze said: “2024 proved to be a challenging year for the industry, but despite industry-wide headwinds, the Hawley Group’s revenue increased 2.9 per cent to $32.9 million.

“The company’s continued expansion of its value-added solutions contributed to this revenue growth, even with the contraction in the company’s constant customer background screening revenue of 8.9 per cent due to macroeconomic factors.

“The Hawley Group also completed the acquisition of Southvest Inc DBA Accufax, the Oklahoma-based provider of background screening, drug testing, credentialling and compliance solutions.

“This acquisition allowed the Hawley Group to expand its footprint in the education and volunteer space and also enabled upselling opportunities prospectively, leveraging the company’s value-added solutions.”

The main focus for aInsight is hiring process management. Services core to that focus are background screening, drug testing, occupational health services, employment eligibility, compliance management services, and digital workflow management including digital forms.

The company’s HPM software helps employers manage the onboarding process of any type of employee, with special attention paid to regulated employees as well as post-boarding services related to human resource functions, compliance, security and safety.

There are more than 2,000 aInsight clients, and the company said it manages highly customised and uniquely configured programmes for many of the most visible companies in the US.

It consults with major national employers and associations to develop employment screening solutions that are cost-effective, compliant and address corporate goals and regulatory requirements.