The Ventia Services Group Ltd (ASX: VNT) share price is in focus after the company reported an 11.9% lift in NPATA to $119.4 million for the first half, with record work in hand reaching $20.6 billion, up 19.4%.
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What did Ventia Services Group report?
- Revenue of $3.0 billion, down 1.5% year-on-year
- EBITDA up 2.8% to $252.6 million, with margin rising to 8.3%
- NPATA increased 11.9% to $119.4 million
- Interim dividend of 10.71 cents per share, up 14.5%, 90% franked
- Operating cash flow conversion of 93.2%, an increase of 2.5 percentage points
- Work in hand rose to $20.6 billion, up 19.4%
What else happened in H1 FY25?
Ventia achieved record work in hand thanks to $4.3 billion in new contract wins, especially in Telecommunications, giving it a solid base for future growth. The company also increased its buyback program by $50 million to $150 million in 2025, reflecting strong cash flow and balance sheet health.
Sector-wise, Infrastructure Services saw revenue rise 9.6% and EBITDA jump 21.4%, while Defence and Social Infrastructure delivered improved margins despite lower revenue. Safety performance continued to improve, with the group's injury frequency rate falling by 8.7%.
What did Ventia Services Group management say?
Commenting on the result, Managing Director and Group CEO Dean Banks said:
Ventia delivered a solid first half, reporting a 2.8% increase in EBITDA and 11.9% growth in NPATA supported by lower depreciation and amortisation, and higher interest income. While revenue saw a modest decline, our EBITDA margin expanded to 8.3%, reflecting our strategy to focus on higher margin work.
What's next for Ventia Services Group?
Ventia has upgraded its FY25 guidance, now expecting underlying NPATA growth of 10–12% compared to FY24. Management will maintain a keen focus on its disciplined execution, sector diversification, and long-term partnerships to support ongoing value for shareholders. The business remains well positioned to deliver further growth as it rolls out new contract wins and continues to manage capital actively.
Ventia Services Group share price snapshot
Over the past 12 months, Ventia Services Group has posted market-beating gains, climbing 19% compared to 13% for the S&P/ASX 200 Index (ASX: XJO).
