Ventia Services Group Limited · ASX:VNT
Ventia Services — FY2025 Earnings Presentation
26 slides from Ventia Services's earnings presentation, Feb 19, 2026
Slide 1: FY25 Results Presentation
FY25 Results Presentation Dean Banks Managing Director and Group Chief Executive Officer Mark Fleming Chief Financial Officer
Slide 2: Acknowledgement of Country and Mihi
2 Acknowledgement of Country and Mihi Ventia would like to respectfully acknowledge the Traditional Custodians of country throughout Australia and their connection to land, sea and community. We pay our respect to them, their cultures and to their Elders past and present. He tautoko te ahurea i ngā
Slide 3: Safety is our licence to operate
3 Safety is our licence to operate TRIFR 5 2.81 4 3 15% improvement on FY24 2 4.32 3.71 3.29 3.31 35% improvement over 5 years 2.81 1 0 FY21 FY22 FY23 FY24 FY25 100 HiPO 29 80 60 38% improvement on FY24 40 80 64 55 47 64% improvement over 5 years 20 29 0 FY21 FY22 FY23 FY24 FY25 Pictured: Works in p
Slide 4: Strong financial performance
4 Strong financial performance Delivering on expectations Realising sustainable growth Delivering for shareholders NPATA growth1 Renewal rate Total dividend declared 13.0% 3-year CAGR of 12.8% 82% consistently above 80% since FY22 23.25cps increase of 47.6% on FY22 Work in Hand 2026 revenue secured
Slide 5: FY25 result highlights
5 FY25 result highlights Total Revenue EBITDA1 $6,141.1m increase of 0.6% on FY24 $532.1m increase of 6.6% on FY24 EBITDA Margin1 NPATA1 8.7% increase of 0.5pp on FY24 $257.6m increase of 13.0% on FY24 Cash Conversion Work in Hand 93.6%increase of 2.2pp on FY24 $22.1b increase of 14.4% on FY24 Pictu
Slide 6: Significant contracts awarded underpinning future growth
6 Significant contracts awarded underpinning future growth Work in hand $22.1 billion as at 31 December 2025, up 14.4% on FY24 FEBRUARY APRIL JUNE SEPTEMBER DECEMBER nbn Field Module contract Transgrid Delivery Services nbn Fibre to the Node (FTTN) Base Services NSW Whole-of-Government contracts Tra
Slide 7: Financial Results
7 Financial Results Mark Fleming – Chief Financial Officer
Slide 8: Redefining Service Excellence in FY25
8 Redefining Service Excellence in FY25 Customer Focus Innovation Sustainability Defence Clothing Services Award Optimising core processes with AI 2025 Social Value Awards Total contract value AI transformed Defence meal planning Ventia won the global award for $935m 99.3% Excellence in social value
Slide 9: Key messages
9 Key messages Work in Hand profile as at 31 December 2026 ($b) Another year of strong financial outperformance Profile reflects recent wins in long-duration awards, increasing medium and long-term visibility • Growing margin and cash flow • Attractive shareholder returns; dividend growth 15 Up 17.5
Slide 10: Sustained strong track record of performance
10 Sustained strong track record of performance Total Revenue EBITDA1 and ($m) Margin ($m/%) 6,000 499.3 532.1 500 465.2 5,000 419.8 379.9 4,000 400 5,676.4 6,105.5 6,141.1 8.2% 8.7% 3,000 5,167.5 300 8.2% 4,557.4 8.3% 8.1% 2,000 200 1,000 100 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 NPATA1
Slide 11: Statement of profit or loss
11 Statement of profit or loss Statutory P&L Underlying1 P&L $ millions FY25 FY24 Delta FY25 FY24 Delta Revenue 6,141.1 6,105.5 0.6% 6,141.1 6,105.5 0.6% Other income 24.9 - n/a - - - Other income In January 2025, the Group novated the contract for Toowoomba Expenses (5,610.1) (5,609.3) 0.0% (5,610.
Slide 12: EBITDA improvement across all sectors
12 EBITDA improvement across all sectors Defence & Social Infrastructure Telecommunications Transport Infrastructure Services Revenue Margin Revenue Margin Revenue Margin Revenue Margin $2.4b 8.5% $1.4b 9.0% $1.7b 12.4% $643.9m 7.7% ▼ 7.0% ▲ 1.5 pp ▲ 8.4% ▲ 0.7 pp ▲ 6.1% ▼ 0.3 pp ▲ 1.8% ▲ 0.3 pp EBI
Slide 13: Delivery against capital allocation framework
13 Delivery against capital allocation framework Maintain financial Invest to grow Maximise total strength and flexibility core business shareholder returns Cash generation Capital investment (capex) Growing total annual dividends 93.6% cash conversion up 2.2pp since FY24 $109m representing 1.8% of
Slide 14: Maintaining financial strength and flexibility
14 Maintaining financial strength and flexibility 31 December 2025 metrics ($m) Cash on hand 236.3 Leverage Ratio1 increasing Interest Cover Ratio2 more than due to buyback 3 times covenant Undrawn revolver 400.0 Total liquidity 636.3 14 12.6 12.4 Term loan and drawn revolvers 750.0 3 12 11.2 12.2 L
Slide 15: Growing sustainable shareholder returns
15 Growing sustainable shareholder returns Reliable and growing dividends On-market buyback commenced Increasing returns to shareholders Final dividend for FY25 Bought back in 2025 Growing total dividends, FY25 up 16.4% 12.54cps $137.6m equates to 16.07 cents per share 2 40 increase of 18.0% on FY24
Slide 16: Outlook
16 Outlook Dean Banks – Managing Director and Group Chief Executive Officer
Slide 17: Customer focus – key growth areas
17 Customer focus – key growth areas Defence Digital infrastructure Energy transition Water Opportunity Opportunity Opportunity Opportunity • Deepen partnerships within Defence • Expanding our customer base to support • Targeting customers for end-to-end support • Partner with utilities and governme
Slide 18: Continuing to Redefine Service Excellence
18 Continuing to Redefine Service Excellence Innovation Sustainability 1 2 AI photo authentication Support for largest solar farm in New Zealand AI driven photo Targeting an Building an in-house AI image Completion expected Expected to power Complex high validating tool accuracy rate validation tool
Slide 19: Key priorities for 2026
19 Key priorities for 2026 Delivering on expectations Realising sustainable growth Creating shareholder value NPATA growth High renewal rates Dividends 7-10% >90% 60-80% of NPATA Strong cash generation EBITDA margin at Growing buyback program target >90% >8.5% $250m 2025-262 FY26 guidance – NPATA gr
Slide 20: Disclaimer
20 Disclaimer This presentation is in summary form and is not necessarily complete. It should be read together with the Company’s 2025 Full Year Report lodged with the ASX on 19 February 2026 This presentation contains information that is based on projected and/or estimated expectations, assumptions
Slide 21: Q&A
21 Q&A
Slide 22: Thank you.
Thank you. ventiay
Slide 23: What is Ventia's competitive advantage
23 What is Ventia’s competitive Our strategy Our advantage advantage Redefining Service Excellence: Ventia is the market leader: Customer Focus Trusted delivery Building enduring long-term Collective focus to improve strategic partnerships every day Innovation Industry expertise Leveraging data and
Slide 24: Addressable market opportunity and mega trends underpin future growth
24 Addressable market opportunity and mega trends underpin future growth Outsourced Maintenance Services addressable market size Opportunity pipeline across our sectors Australia & New Zealand ($b)1 Defence and Digitisation and CAGR: 4.7% Government spending demand for data 104.4 • The Australian Go
Slide 25: Contract structure and customer profile mitigates risk
25 Contract structure and customer profile mitigates risk Revenue by Revenue by Revenue by escalation customer type1 contract profile1 mechanism1 12% 1% 23% 22% 22% 13% 66% 64% 77% Public Schedule of rates Indexation Private Cost Reimbursable Annual Review Fixed price Cost Reimbursable Short term or
Slide 26: Sectors split by end market
26 Sectors split by end market Defence and Social Infrastructure Services Telecommunications Transport Infrastructure 8% 2% 10% 10% 18% 29% 35% 45% 47% 43% 29% 34% 90% Defence Resources Fixed Networks Operations and maintenance Social Infrastructure Water and Environment Operations and Services Tech