• FY2025 results fell short of achieving a sixth consecutive year of record growth
• Margin erosion during the period reflected challenges in complex project delivery and a cost base set for higher revenue
• Recent acquisition of Aqua Metro represents a significant strategic milestone, enhancing capabilities and accelerating growth in the Water sector

Saunders International Ltd reported a 0.7% decrease in revenue and a 71.3% decrease in adjusted NPAT for FY2025, with unforeseen project delays and weather impacts leading to results falling short of achieving a sixth consecutive year of record growth. Margin erosion during the period reflected challenges in complex project delivery and a cost base set for higher revenue. The recent acquisition of Aqua Metro represents a significant strategic milestone, enhancing the company's capabilities and accelerating its growth in the Water sector. The Group's comprehensive service offering, along with its strengthened market position, particularly in the Water sector, provide confidence in the medium to long-term outlook. The pipeline of opportunities moving into FY2026 has grown significantly, with the total pipeline, including Aqua Metro, at approximately $4.0 billion as of 30 June 2025, up from $2.0 billion at 31 July 2024. With a strong customer base and a materially expanded pipeline, Saunders is well-positioned to capitalize on these opportunities, although the company anticipates that the current external market challenges, particularly in Defence, will persist into FY2026.

Revenue of $214.5 million (-0.7% vs FY2024), Adjusted NPAT of $3.2 million (-71.3% vs FY2024), and Adjusted EBITDA of $9.3 million (-56.3% vs FY2024) for the financial year ended 30 June 2025.

The Group's comprehensive service offering, along with its strengthened market position, particularly in the Water sector following the acquisition of Aqua Metro, provide confidence in the medium to long-term outlook. The pipeline of opportunities moving into FY2026 has grown significantly, with the total pipeline, including Aqua Metro, at approximately $4.0 billion as of 30 June 2025, up from $2.0 billion at 31 July 2024.