Key achievements and financial highlights

Service Stream (ASX:SSM) recently held its 2024 Annual General Meeting, showcasing impressive financial results and strategic advancements. The company reported a total revenue of $2.39 billion and an underlying EBITDA of $129.2 million for FY24, marking substantial growth from the previous year. Key highlights include securing $2.2 billion in major contracts and a significant reduction in High Potential Incidents.

Strategic growth and future outlook

The 2024 AGM of Service Stream Limited underscored its notable achievements and strategic focus. With a strong contract portfolio and successful acquisitions, the company has diversified its revenue streams and reduced operational risks. Safety initiatives have also led to a 23% reduction in High Potential Incidents. Looking ahead, Service Stream anticipates continued growth in FY25, supported by a robust order book and favorable market conditions. The company aims to capture a larger share of the expanding maintenance market, leveraging its strategic acquisitions and focus on long-term agreements.

Executive insights and strategic direction

The 2024 financial year marked a period of significant growth and strategic progress for Service Stream. Our commitment to building a diverse and resilient business model has yielded outstanding results, as evidenced by our strong financial performance and contract renewals. We remain focused on expanding our market presence and enhancing shareholder value through strategic acquisitions and operational excellence.