• Delivering on expectations with 12.8% NPATA growth
• Work in Hand increased 6.7% to $19.4 billion
• Renewal rate of 91.9%, up from 87% in FY23

Ventia Services Group Ltd has reported another year of consistent financial outperformance, delivering NPATA growth of 12.8% in FY24. The company's total revenue grew 7.6% to $6,105.5 million, driven by strong performance in the Defence & Social Infrastructure and Telecommunications segments. EBITDA increased 7.3% to $499.3 million, with the EBITDA margin remaining inline with FY23 at 8.2%. Ventia's cash conversion ratio improved to 91.4%, up 2.6 percentage points from FY23. The company's work in hand increased 6.7% to $19.4 billion as at 31 December 2024, underpinned by significant contract awards and renewals across its key markets. Ventia also announced a $100 million on-market buyback and an increased final dividend of 10.63 cents per share, up 12.8% on the prior year. The company remains committed to ethical business practices and upholding the highest standards of governance and risk management.

Ventia has provided FY25 guidance for NPATA growth of 7-10%, excluding the one-off positive impact of the Toowoomba transaction.

Ventia's addressable market opportunity across its key sectors is expected to continue growing, underpinning the company's future growth ambition. The company is focused on delivering on its key priorities for FY25, including continued strong cash generation, sustainable financial growth, and creating long-term value for shareholders.