• Exceptional financial results across all metrics
• Disciplined strategy execution creating a strong platform for continued growth
• Secured $4.2bn in major multi-year O&M agreements, further strengthening the Group's diversified portfolio

Service Stream Ltd's 2025 AGM presentation highlighted the company's exceptional financial results across all metrics. Total revenue increased by 1.2% to $2,420m, underlying EBITDA increased by 13.1% to $146.1m, NPATA increased by 36.7% to $68.5m, and net cash increased by $65.7m to $73.6m. The company also reported a strong operational and strategic performance, with $4.2bn in major multi-year O&M agreements secured, a 98% contract retention rate, and a 40% growth in work in hand to $7.6bn. The presentation emphasized the company's focus on safety, with significant year-over-year improvements in key safety metrics. Service Stream also highlighted its expansion into the defence sector, with the award of a long-term base services agreement with the Australian Department of Defence, valued at $1.6bn over the initial 6-year term. The company's diversified revenue streams, with a balanced mix of maintenance, minor capital works, and project opportunities, were also discussed, along with the group's value creation strategy and the execution of its strategic initiatives, which have delivered improved financial and operational performance.

The Group expects earnings growth in FY26, supported by a strong order book, improved utility margins and growing infrastructure investment.

The Group expects to return to a 2nd half bias in FY26, driven by the expansion of new operations. The realisation of further improvement across Utility margins is on track, and market conditions continue to support strong demand and ongoing growth. The Defence PAS contract will support future growth, however is not expected to contribute to FY26 earnings given mobilisation timing.