• Strong financial results in FY24, with 7.6% increase in revenue and 12.8% increase in NPATA
• Achieved 91.9% contract renewal rate and $19.4b in work in hand
• Continued focus on customer-centricity, innovation, and sustainability

Ventia Services Group Ltd, an ASX top 200 company, has released its 2024 Annual Report, showcasing its strong financial and operational performance. The company achieved a 7.6% increase in total revenue to $6,105.5 million and a 12.8% increase in NPATA to $227.9 million, demonstrating its ability to deliver growing and consistent performance for stakeholders. Ventia's work in hand increased by 6.7% to $19.4 billion, and the company maintained a stable EBITDA margin of 8.2%. The report highlights Ventia's commitment to its strategic pillars of Customer Focus, Innovation, and Sustainability, which have driven the company's success. Ventia achieved a 91.9% contract renewal rate and secured several new and renewed contracts, including a five-year deal with Homes NSW, a five-year strategic partnership with Telstra, and a six-year firefighting contract with the Australian Defence Force. The company also made progress on its sustainability goals, reducing Scope 1 and 2 emissions by 21.3% since 2021 and expanding its electric and hybrid vehicle fleet to 427 vehicles. Ventia's focus on people, safety, and governance has been instrumental in its achievements, with the company recognized as an Inclusive Employer and a Best Place to Work in the property, construction, and transport sector.

Ventia expects to maintain its strong financial performance, with NPATA growth of 12.8% in the 2024 financial year. The company has a work in hand of $19.4 billion, providing visibility on future revenue and earnings.

Ventia is well-positioned to capitalize on favorable macroeconomic trends and continue its growth trajectory, supported by its end-to-end capabilities, extensive national network, and strategic focus on customer-centricity, innovation, and sustainability.