• Improved profitability across all divisions
• Significantly expanded Work in Hand
• Exceptional contract retention rates

Service Stream Ltd (SSM.ASX) reported a successful FY2025, headlined by strong financial performance and significant growth in Work in Hand (WIH). The company delivered revenue of $2.42 billion, an increase of 1.2% on the prior year, and Underlying EBITDA from Operations of $146.1 million, up 13.1%. Adjusted NPAT (NPAT-A) increased by 36.7% to $68.5 million. The company maintained a strong focus on safety, with significant year-on-year improvements across major performance metrics. Operationally, Service Stream secured over $4.2 billion in new multi-year O&M agreements, further strengthening its diversified portfolio. The company's WIH expanded by 40% to $7.6 billion, with 85% of FY2026 forecast revenues already secured. The company's balance sheet remained strong, with net cash of $73.6 million, providing strategic optionality to support future growth. Service Stream expects earnings growth in FY2026, supported by its strong order book, improved utility margin performance, and growing infrastructure investment.

The Group expects earnings growth in FY2026, supported by a strong order book, improved utility margin performance and growing infrastructure investment.

The Group expects earnings growth in FY2026, supported by a strong order book, improved utility margin performance and growing infrastructure investment. The company has a solid, diversified order book exceeding $7.6 billion (initial term only), with ~85% of this work in hand secured under contract or extension options. Approximately 80% of the order book reflects lower risk, annuity-style O&M works, and the company expects further improvement in margins across its Utility operations.