Ventia Services Group (VNT) investor relations material

Executive summary

• CEO Dean Banks will return to the UK in Q4 2025 after a tenure marked by operational, strategic, and cultural strengthening.

• Achieved strong financial performance in FY25, exceeding upgraded NPATA guidance and delivering sustainable growth.

• Record work in hand of AUD 22.1 billion, up 14.4% year-over-year, with high contract renewal rates and long-term visibility.

• Continued focus on customer partnerships, innovation, and sustainability, with significant contract wins across Defence, Telecommunications, and Infrastructure.

• The company enters 2026 with 87% of revenue secured and an average contract tenure of 6.4 years.

Financial highlights

• Revenue grew to AUD 6.1 billion, up 0.6% year-over-year; EBITDA increased by 6.6% to AUD 532 million, with margin rising to 8.7%.

• NPAT rose 13% to AUD 258 million, exceeding upgraded guidance; NPATA increased 13% to AUD 257.6 million.

• EPS grew 17.9% year-over-year to 30.34cps, aided by share buybacks.

• Cash conversion improved to 93.6%, marking five consecutive years of expansion.

• Dividend declared at AUD 0.2325 per share, up 16.4% on FY24 and 47.6% over three years; 90% franked.

Outlook and guidance

• Guiding to FY26 NPATA growth of 7%-10%, with performance weighted to a stronger second half and more than 85% of revenue already secured.

• Targeting high renewal rates (>90%), strong cash generation (>90%), and EBITDA margin above 8.5%.

• Dividend payout targeted at 75% of NPATA, with policy at 60-80%, and an expanded buyback program totaling AUD 250 million across 2025-2026.

• Expecting resilient cash conversion and further margin improvement.

• Structural tailwinds in Defence, digital infrastructure, energy, and water underpin growth ambitions.