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Service Stream Limited (ASX:SSM)

ALERT: Price-sensitive ASX Announcement for SSM
Current share price for SSM : $2.340 -0.19 (-7.51%)+
Announcement
Release
19 Aug 2026 9:14AM
Price at Release
$2.530
Full Release
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Summary
Service Stream Limited reported strong financial results for the fiscal year ending 30 June 2026, with an 11.8% increase in EBITDA from Operations to $163.4 million and a net profit after tax of $81.1 million, up 18.4%. The company successfully secured over $3.2 billion in new contracts, bolstering its Work-In-Hand to $8.2 billion and improving its balance sheet with a net cash balance of $80.7 million. Dividends for the year were increased to 6.5 cents per share. The company expanded its market presence with new contracts in the defence, water, and industrial sectors, projecting continued growth and improved earnings quality into FY27.
Key Points
  • EBITDA from Operations of $163.4 million, up 11.8% on the prior corresponding period.
  • Group EBITDA-A Margin increased by 60 basis points to 6.6%.
  • Net profit after tax (NPAT-A) of $81.1 million, up 18.4%.
  • EBITDA to OCFBIT cash conversion rate of 114%.
  • Net cash balance of $80.7 million.
  • Secured in excess of $3.2 billion in new contracts, increasing Work-In-Hand to $8.2 billion.
  • Final dividend of 3.5 cents per share, total annual dividend of 6.5 cents per share.
  • Expansion into new sectors with significant contracts in defence, water, and industrial markets.
  • Forecasting earnings growth in FY27 driven by recent contract mobilisations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.