Service Stream Ltd
ASX:SSM

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Service Stream Ltd
ASX:SSM
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Price: 2.005 AUD 1.01% Market Closed
Market Cap: AU$1.2B

Service Stream Ltd
Investor Relations

Service Stream Ltd. engages in the provision of telecommunications and network services. The company is headquartered in Melbourne, Victoria. The company went IPO on 2004-12-09. The firm's segments include Telecommunications and Utilities. Telecommunications segment provides a range of operations, maintenance, installation, design and construction services to the owners of fixed-line and wireless telecommunication networks in Australia. Its service capability includes customer connections, service and network assurance, site acquisition, engineering, design, construction and installation of broadband, wireless and fixed-line project services. Utility segment provides a range of specialist metering, new energy, inspection and compliance, operations, maintenance, design and construction services to utility network owners and operators and other customers in Australia. The company also provides services to a range of water, gas, and electricity network owners and operators.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 24, 2026
AI Summary
Q2 2026

Profitability: Service Stream saw improved group profitability, with strong margin gains across Utilities and Transport segments.

Revenue: First half revenue was $1.194 billion, down 5.8% year-on-year due to completion of major Telco projects in the prior period.

Cash Flow: Operating cash flow was exceptionally strong at $109 million, with a 148% conversion rate, boosting the net cash position to $87.6 million.

Dividend: Interim dividend was raised by 20% to $0.03 per share, fully franked.

Contract Wins: Record $2.2 billion in new contracted work won, increasing total work in hand by 55% to $9.2 billion.

Margins: Group EBITDA margin improved 50 basis points to 6.3%, with Utilities EBITDA margin reaching 5.5%.

Outlook: Management is confident in earnings growth for FY '26, expecting a stronger second half due to new contract contributions and further margin gains.

Key Financials
Revenue
$1.194B
EBITDA
$75.3M
EBITDA Margin
6.3%
Net Cash
$87.6M
Operating Cash Flow
$109M
OCF Conversion Rate
148%
Interim Dividend
$0.03 per share
Utilities EBITDA
$29.3M
Utilities EBITDA Margin
5.5%
Transport Revenue
$124M
Transport EBITDA
$9.2M
Transport EBITDA Margin
7.4%
Telco Revenue
$538M
Telco EBITDA
$45.6M
Telco EBITDA Margin
8.5%
Adjusted NPAT
$36.6M
Statutory NPAT
$26.8M
Work in Hand
$9.2B
Total Work in Hand Potential
$15.5B
Contract Retention Rate
93%
New Contract Awards
$2.2B
Operating Cash Flow Before Interest and Tax
$109M
Capex and Lease Payments
$31.5M
Other Earnings Calls
2026

Management

Mr. Leigh MacKender
MD & Director
No Bio Available
Mr. Douglas Young
Chief Information Officer
No Bio Available
Mr. Chris Chapman B.A., L.L.B.
Company Secretary & General Counsel
No Bio Available
Mr. Jamie O'Brien
GM of Legal & Company Secretary
No Bio Available

Contacts

Address
VICTORIA
Melbourne
L 4 357 Collins St
Contacts
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