Ventia Services Group Ltd reported a record EBITDA margin of 9.4% for the first half of fiscal 2026, up 1.1 percentage points, despite a 4.7% decline in group revenue to $2.9 billion. EBITDA rose 8.2% to $273 million, while NPATA increased 7.4% to $128 million, and earnings per share grew 14.4%. The company raised its interim dividend by 9.8% to $0.1176 per share, representing a 75% payout ratio, and upsized its share buyback by $50 million to a total program of $300 million, with over $185 million already purchased. Work in hand increased to $21.1 billion, supported by a 98% customer renewal rate, and cash conversion improved to 93.8%. Revenue declines were driven by a 20% drop in Defence and Social Infrastructure revenue to $999 million, while Infrastructure Services revenue grew 6.3% to $733 million, and Transport revenue rose 5.3% with EBITDA up 29.3%. Management attributed the margin improvement to structural factors, including a shift to higher-value work and remediation of legacy contracts, and expressed confidence in sustaining margins above 9%.
SAP SE
Vontier CorpRecord margins, raised dividend, and upsized buyback.
