Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (October 2025)
11 slides from Ashley Services's shareholder meeting presentation, Oct 28, 2025
Slide 1: AGM Presentation — Q1 unaudited results for FY26
&, ASHLEY SERVICES GROUP LABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY Labour Hire AGM Presentation — 1%* quarter unaudited results for FY26 Tuesday 28" October 2025
Slide 2: Ashley Services Group divisions, sectors and companies
By ASHLEY SERVICES GROUP LIMITED Divisions Labour Hire Technical Services Training | Technology Sectors Engineering Oil, Gas & Services Mining Professional Supply Chain Horticulture Retail Services Healthcare Training Technology Construction Companies ACTION fosston off Ashley WORKFORCE, etd NSWINZ
Slide 3: Q1: Record Revenue. Improved profits.
& ASHLEY SERVICES GROUP |ABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY Q1. Record Revenue. Improved profits. = Revenue at $150.3m, a record for Q1,up $22m or 17% from prior period. Key contributors: = Customer wins in supply chain, manufacturing and retail with overall hours worked for Q1
Slide 4: Group Statutory results ($ million)
Group Statutory results ($ million) Q1 FY26 Q1FY25 Growth/(Decline) Unaudited Unaudited % $m $m Revenue 150.3 128.3 17.1% Earnings before interest, tax, depreciation 3.74 0.88 325.0% and amortisation (EBITDA) Net profit after tax (NPAT) 1.65 (0.25) n/a EBITDA by Division ($ million) Ql FY26 Q1FY25 G
Slide 5: Group performance
Group performance ASHLEY SERVICES GROUP |ABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY REVENUE FY20 - FY25 + QLUFY20 - QIFY26 600.0 549.2 956.5 515.9 500.0 449.5 400.0 383.7 336.8 300.0 200.0 1000 00 ro 8021.23.26 MQ1 Revenue ll Total FY Revenue Quarter 1 figures un-audited NPAT FY20 - FY2
Slide 6: Performance trends — Labour Hire
Performance trends — Labour Hire & = Labour Hire Q1 revenue T$21.5m (17%) on pcp due to new customer wins and project commencements in Construction Victoria = Underlying hours worked in supply chain, manufacturing and retail up 11% = Continued growth in horticulture sector = Construction revenues in
Slide 7: Performance trends — Training
Performance trends — Training &, ASHLEY SERVICES GROUP ABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY Training Revenue FY20 - FY25 + Q1FY20 - QIFY26 15.2 Fy2! 5 QIFY26 200 = Training Q1 revenue TS0.4m (12%) on pcp 180 ‘so 8 16.0 a = Growth in both traditional ASH training and rail no 15 tra
Slide 8: Balance Sheet
Balance Sheet & ASHLEY SERVICES GROUP |ABOUR HIRE | TECHNICAL SERVICES | TRAINING Assets Liabilities Current assets Current liabilities Cash and cash equivalents 12 0.2 0.1 Trade and other payables 39.9 32.0 34.8 Trade and other receivables 54.3 44.9 45.3 Borrowings 87 12.8 6.7 Current tax receivabl
Slide 9: Cash flow and net debt
EBITDA y7/ 1.0 Change in working capital (4.4) (1.4) Net interest/tax received / (paid) (0.7) (1.1) Other is} 1.3 Net Cash from operating activities (0.1) (0.2) Property, plant and equipment (0.2) (0.3) Payment for purchase of businesses - (3.0) Proceeds from loans to associated entities (0.2) (0.3)
Slide 10: Business Overview
Business Overview A As at 30 September 2025 (compared to 30 September 2024) ASHLEY SERVICES GROUP ’ ABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY 2837 Internal Staff down 1 or 0.3% 24 Offices up 1 Weekly Workers 6,657 y up 530 or 8.7% 9.7 Years Tenure Top 20 Customers
Slide 11: Notice and Disclaimer
Notice and Disclaimer ASHLEY SERVICES GROUP ABOUR HIRE | TECHNICAL SERVICES | TRAINING | TECHNOLOGY Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (‘ASH’) as at 28 October 2025 (‘Presentation Date")
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