Key points
- Revenue decreased by 4.7% to $2,893.6 million
- Profit after income tax decreased by 5.1% to $127.6 million
- Interim dividend of 11.76 cents per security
Full summary
Ventia Services Group Ltd reported its half-year financial results for the six months to 30 June 2026, showing a 4.7% decrease in total revenue to $2,893.6 million and a 5.1% drop in profit after income tax to $127.6 million. The decline in revenue was primarily due to the transition from the Defence Base Services contract to the Base Services Contract in the Defence and Social Infrastructure sector, partially offset by growth in other sectors. EBITDA decreased by 1.5% to $273.3 million, with increases in Infrastructure Services, Telecommunications, and Transport sectors, but impacted by the one-off novation of the Toowoomba Second Range Crossing contract in the prior period. The Group's liquidity stood at $880.8 million, with $480.8 million in cash balances and $400.0 million in undrawn committed debt facilities. The company also completed its first issuance of notes under the Australian Medium Term Notes Programme, issuing $300.0 million of 7-year fixed-rate notes. The Group complied with all financial covenants throughout the half-year and maintained investment-grade credit ratings.
Guidance
Revenue $2,893.6 million, Profit after income tax $127.6 million for half-year ended 30 June 2026
Outlook
Ventia remains focused on its strategy to redefine service excellence, with a focus on client focus, innovation, and sustainability. The company secured several new and extended contracts across its sectors, which are expected to drive growth into FY27. The outlook for the full financial year remains positive, with the Group confident in its ability to deliver value to shareholders.