• Awarded significant long-term Base Services Contract with Australian Department of Defence
• Contract covers 113 Defence sites and training facilities in South Australia and Northern Territory
• Initial 6-year term with two extension options of 1-3 years, potentially up to 10 years
• Combined value of works estimated at $1.6 billion over initial term

Service Stream Limited (ASX: SSM), a leading essential network services provider, has announced that it has secured a significant long-term Base Services Contract with the Australian Department of Defence. The contract covers the provision of Property and Asset Services for 113 Defence sites and training facilities, including 8 major bases, located in South Australia and the Northern Territory. Under the contract, Service Stream will perform and support estate upkeep, land management, aerodrome operations, and training area and range management services. The contract will operate for an initial 6-year term, with two extension options of between 1-3 years, potentially extending the contract to a maximum term of 10 years at the discretion of the Department of Defence. The combined value of the works for both regions is estimated to be approximately $1.6 billion over the initial term. Operations are scheduled to commence on 1 February 2026, with approximately 350 new employees and a range of specialist contractors to be engaged to support the Base Services operations.Service Stream's Managing Director, Leigh Mackender, expressed the company's pride in being awarded this significant agreement with the Australian Department of Defence, stating that it is an ideal strategic fit for Service Stream and its ongoing support of critical essential infrastructure throughout Australia.

The company anticipates minimal earnings contribution in FY2026 due to the commencement timing and the mobilisation program.