Results Presentation 6 months ended 31 December 2025

• Revenue at $308.2m, a record for H1, up 16% from prior period
• EBITDA of $7.6m, up 41% for the half
• NPAT of $3.4m for H1, up 88% from H125

Ashley Services Group Ltd has reported strong financial results for the six months ended 31 December 2025. Revenue reached a record $308.2m, up $42m or 16% from the prior period. EBITDA increased by $2.2m (41%) to $7.6m, while NPAT grew by $1.6m (88%) to $3.4m for the half. The company's operating cash flow was $0.8m, a solid performance given the seasonal build in working capital. The board has declared an interim dividend of 1.4 cents per share, representing a 60% payout ratio. The Labour Hire division saw revenue increase by 16% and EBITDA rise by 25%, with improved margins in key customer sectors. The Training division also reported revenue growth of 4% and a 90% increase in EBITDA, driven by cost controls and operational efficiencies. The company's balance sheet remains strong, with net debt of $11.9m at 31 December 2025, a $7.8m improvement from the prior corresponding period.

For the full 2026 financial year, Ashley Services Group Ltd expects to deliver revenue of approximately $515.9m and EBITDA of around $20.1m.

The company is well-positioned to continue its growth trajectory, with a strong pipeline of contract wins, operational improvements, and initiatives to expand its presence in key sectors such as supply chain, manufacturing, retail, and construction. The board remains confident in the company's ability to deliver sustainable long-term value for shareholders.