• Underlying NPBIT up 34% to $47.0m
• Underlying Operating Revenue up 11% to $182.0m
• Underlying EPS up 27% to 42.1 cents

Servcorp delivered a pleasing underlying performance in the first half of FY26, with underlying NPBIT increasing 34% to $47.0m and underlying operating revenue growing 11% to $182.0m. This was driven by growth in effective revenue through pricing discipline, improved utilisation, and the depth of the mature asset base. Underlying operating profit increased by 29%, reflecting improving operating leverage as the portfolio continues to mature. Underlying free cash increased to $52.7m, up 30% on the prior corresponding period, with free cash representing 112% of underlying NPBIT. Servcorp maintained a strong balance sheet, with unencumbered cash increasing to $162.6m as at 31 December 2025. The company opened or expanded three new operations during 1H26, while closing three locations, allowing capital to be redeployed into more prestigious assets. As at 31 December 2025, Servcorp operated 135 floors across 38 cities in 19 countries, with net office capacity increasing by 19 offices to 5,566, reflecting disciplined growth aligned with management depth and operational readiness.

Underlying NPBIT between $80.0m and $84.0m, and underlying free cash of more than $100.0m for FY26.

Servcorp expects to continue the operating momentum from the first half into the second half of FY26, supported by the scale and efficiency of the current operating base. The company will focus on investing in people and capability to support stronger execution and enhance revenue efficiency across the portfolio, while also pursuing selective expansion opportunities where supported by management depth and operational readiness.