• Total Revenue of $2,420 million, up 1.2% on FY24
• EBITDA from Operations of $146.1 million, up 13.1% on FY24
• NPAT-A of $68.5 million, up 36.7% on FY24
• Secured in excess of $4.2bn of contracted works, up 40% on FY24

Service Stream Limited (ASX: SSM) today released its financial results for the full-year ended 30 June 2025. The Group delivered Total Revenue of $2,420 million, up 1.2% on FY24, and EBITDA from Operations of $146.1 million, up 13.1% on FY24. The business also delivered an improved EBITDA-A margin of 6.0%, up 60-basis points on the prior year, with all divisions contributing enhanced EBITDA-A margin performance. NPAT-A increased by 36.7% to $68.5 million, and the Group generated $148.9 million of OCFBIT, representing a 13.5% increase on the prior year. The strong operating cashflows resulted in a net cash position of $73.6 million at 30 June 2025. The Group secured in excess of $4.2 billion of contracted works in FY25, bolstering work-in-hand by 40% on FY24 to $7.6 billion. The business also achieved double-digit improvements across major safety indicators. The Board has declared a final fully-franked dividend of 3.0 cps, taking full-year dividends to 5.5 cps (fully franked), reflecting a 22% increase on the prior year.

With ~85% of FY26 revenue secured, the Group expects to achieve further growth in FY26.

With strong and improved financial results and positive momentum generated in FY25, Service Stream expects earnings growth in FY26, supported by a robust order book, further improvement in the quality of earnings across utility operations and strong levels of infrastructure investment.