• Completed global booking system rollout for seamless client experience
• Expanded global footprint with 3 new operations in key regions
• Underlying NPBIT up 19% and statutory NPBT up 70% year-on-year
• Strong cash position to support organic growth and global expansion

Servcorp Limited has reported a strong set of results for the first half of FY25, demonstrating the resilience and growth of its global operations. The company completed the rollout of its new global booking system, enhancing efficiency and providing a seamless experience for clients worldwide. Servcorp also expanded its global footprint with the opening of 3 new operations, including 1 in Australia & New Zealand and 2 in the Middle East, strengthening its strategic presence in these key regions. The company's underlying operating profit (NPBIT) grew by 19% year-on-year to $34.4 million, supporting progress towards its full-year profit guidance. Statutory net profit before tax (NPBT) increased by 70% year-on-year, reflecting a one-off net credit adjustment of $8.0 million. Servcorp maintained a robust cash position, with unencumbered cash of $131.4 million as of 31 December 2024, providing ample resources to support organic growth and continued global expansion. The company's mature operations saw solid revenue growth of 7% and a 22% increase in segment profit, demonstrating the strength and resilience of its proven business model. Servcorp remains focused on leveraging technology, improving operational efficiency, and strategically expanding its global footprint to capitalize on the growing demand for flexible, high-end office spaces.

Servcorp expects to achieve full-year underlying NPBIT of between $60 million and $65 million for the financial year ending 30 June 2025.

Servcorp is well-positioned for continued growth, with 5 new floors scheduled to commence operations within the next 12 months across South East Asia and the Middle East. The company is committed to leveraging technology, enhancing client experience, and strategically expanding its global presence to solidify its position as a leader in the flexible office space industry.