• Total Revenue up 7.9% to $1,267 million
• Underlying EBITDA from Operations up 16.4% to $73.6 million
• NPATA up 49.9% to $37.7 million
• Interim dividend increased by 25% to 2.5 cps

Service Stream Limited (ASX: SSM), a leading essential network service provider, has released its financial results for the half-year ended 31 December 2024 (1H25). The Group delivered a solid performance, with Total Revenue increasing by 7.9% to $1,267 million and Underlying EBITDA from Operations rising by 16.4% to $73.6 million. NPATA grew by 49.9% to $37.7 million, and the business generated strong cash flow with an EBITDA to OCFBIT conversion rate of 126.3%. The Group's balance sheet was further strengthened, closing the period with a net cash position of $55.4 million. Service Stream secured over $1.1 billion of new contracted works during 1H25, bolstering its work-in-hand pipeline to $5.9 billion, excluding contract extension options. The business also delivered industry-leading safety performance, with a 20% reduction in Total Recordable Injury Frequency Rates (TRIFR). The Board has declared a fully-franked interim dividend of 2.5 cents per share, a 25% increase on the prior corresponding period. Looking ahead, the Group is on target to deliver solid earnings growth and improved quality of earnings in FY25, supported by its strong order book, improved balance sheet, and favorable market conditions.

The Group is on target to deliver solid earnings growth in FY25.

Following a positive first-half, the Group is on target to deliver solid earnings growth and improved quality of earnings in FY25. Performance will be supported by a strong order book, improved balance sheet and favourable market conditions.