• Underlying profit up 19% to $34.4 million
• Underlying free cash up 13% to $40.5 million
• Interim dividend of 14.0 cents per share, 10% franked

Servcorp Limited has announced its financial results for the 6 months ended 31 December 2024, reporting a net profit before non-cash impairments and tax (NPBIT) of $34.4 million, a 19% increase on the first half of the previous financial year. The company's underlying operating profit was $32.8 million, and underlying free cash increased by 13% to $40.5 million. Servcorp also reported record results across multiple key performance indicators, including underlying operating revenue of $158.8 million, up 7% on the first half of the previous financial year. Statutory net profit before tax increased by 70% to $38.3 million, and statutory net profit after tax increased by 76% to $34.6 million. The company's cash and investment balances currently exceed $120.0 million, and its underlying earnings per share (EPS) increased by 21% to 31.5 cents. The directors have declared an interim dividend of 14.0 cents per share, 10% franked, with a record date of 5 March 2025 and payable on 2 April 2025. The company expects the final dividend for the 2025 financial year to be no less than 14.0 cents per share, with franking uncertain.

Servcorp reaffirms its guidance for the 2025 financial year, with underlying NPBIT expected to be between $61.0 million and $65.0 million, and underlying free cash expected to be more than $75.0 million.

Servcorp is pleased with the results for the first half of the 2025 financial year and believes it is tracking towards the higher end of its guidance range, with continued strong cash generation and the continued impacts of global economic uncertainties on its operations.