Service Stream FY26 Market Presentation
Key points
- Successful entry into Defence sector
- EPS-A 13.1 cps, up 18.0% on FY25
- Group EBITDA margin up 60 bps to 6.6%
- Total Dividend 6.5 cps, up 18.2% on FY25
Full summary
Service Stream Ltd. announced its FY26 Full Year Results, highlighting a successful year marked by the entry into the Defence sector and significant improvements in quality of earnings. Key highlights include a 13.1 cps EPS-A, up 18.0% on FY25, and a 60 basis points increase in Group EBITDA margin to 6.6%. The company secured $3.2bn in major multi-year agreements, further enhancing a diversified portfolio. Total Dividend increased by 18.2% to 6.5 cps on FY25. The Group's strong financial performance was underpinned by a high-quality portfolio of long-term, lower-risk revenues, and a robust net cash balance sheet.
Guidance
FY26 EPS-A 13.1 cps, up 18.0% on FY25; Group EBITDA margin 6.6%
Outlook
Service Stream anticipates continued growth and diversification, with a strong pipeline of opportunities in critical infrastructure markets, driven by ageing infrastructure, population growth, energy transition, digitalisation, and adverse weather events.
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