• Revenue of $214.5 million, down 0.7% on record prior year
• Adjusted EBITDA of $9.3 million, down 56.3% on record prior year
• Record Order book of $529.0 million, up 179.5% on prior year

Saunders International Limited (ASX:SND) has released its financial results for the financial year ending 30 June 2025. The company reported revenue of $214.5 million, down 0.7% on the record prior year, and adjusted EBITDA of $9.3 million, down 56.3% on the record prior year. The company cited unforeseen project delays, weather impacts, cost pressures, and a cost base set for higher revenue as factors that led to the results falling short of a sixth consecutive year of record growth. In response, the company has taken steps to enhance operational efficiency and reduce costs. The company also completed the integration of Saunders Piping Solutions and is progressing the integration of the recently acquired Aqua Metro, a water infrastructure specialist. Saunders achieved another Lost Time Injury free year and reduced its Total Recordable Injury Frequency Rate by 34% to 4.91. The company has a strong balance sheet with cash and cash equivalents of $22.1 million, up 11.5% on the prior year. Saunders has a record order book of $529 million, up 179.5% on the prior year, and a record pipeline of $4 billion, up 100% on the prior year, which includes the Aqua Metro acquisition. The company is well-positioned to capitalize on opportunities in the Defence & Government, Water, Energy, and Resources and Industrials sectors.

The company's pipeline of opportunities has grown significantly, with the total pipeline, including Aqua Metro, reaching approximately $4.0 billion as of 30 June 2025, up from $2.0 billion at 31 July 2024. The company is well-positioned to capitalize on opportunities in the Defence & Government, Water, Energy, and Resources and Industrials sectors, although it anticipates that the current external market challenges, particularly in Defence, will persist into FY2026.