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SERVICE STREAM LIMITED — Capital/Financing Update 2025
Sep 10, 2025
65865_rns_2025-09-10_1fb25e93-9220-49a1-a886-7e0a768538c1.pdf
Capital/Financing Update
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11 September 2025
Office of Company Secretary
Level 5, 655 Collins Street Docklands VIC 3008 AUSTRALIA Phone: (03) 9677 8888 Fax: (03) 9677 8877
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir/Madam
Re: Service Stream secures significant Base Services Contract with the Department of Defence
In accordance with the Listing Rules, I attach a market release/announcement, for release to the market.
Yours faithfully,
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Chris Chapman Company Secretary Service Stream Limited
Service Stream Limited ABN 46 072 369 870
HEAD OFFICE Level 5, 655 Collins Street, Docklands VIC 3008 | Mailing Address: PO Box 14570 Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E [email protected] | www.servicestream.com.au
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ASX Announcement
11 September 2025
Service Stream secures significant Base Services Contract with the Department of Defence
Leading essential network services provider Service Stream Limited (ASX: SSM) is pleased to announce that it has secured a significant long-term Base Services Contract ( Contract ) with the Australian Department of Defence (Defence) .
Service Stream has been appointed the provider of Property and Asset Services for South Australia and the Northern Territory, which encompasses 113 Defence sites and training facilities, including 8 major bases. The business will perform and support estate upkeep, land management, aerodrome operations, and training area and range management services.
Base Services Contracts are designed to flex with Australia’s changing strategic environment, adapt to changes in the estate and evolving operational contexts, surge to support military exercises and respond to government priorities.
The Contract will operate for an initial 6-year term, with two extension options of between 1-3 years, to extend to a maximum term of 10-years at Defence’s discretion. The combined value of the works for both regions is approximately $1.6 billion over the initial term.
Operations commence on 1 February 2026, with approximately 350 new employees and a range of specialist contractors to be engaged to support the Base Services operations. The business is anticipating minimal earnings contribution in FY2026 due to commencement timing and the mobilisation program.
Managing Director, Leigh Mackender said:
“Service Stream is extremely proud to be awarded this significant agreement with the Australian Department of Defence. As an Australian owned and operated company, we are honoured to earn the trust of Defence and believe this is an ideal strategic fit for Service Stream and its ongoing support of critical essential infrastructure throughout Australia.
Service Stream is committed to working closely with Defence and other industry partners under a ‘team of teams’ environment, to collectively deliver high-quality services to support Defence operations.
This contract marks an exciting new chapter for Service Stream as the business continues to execute against its strategy, expand service offerings and enter new and growing markets.”
Service Stream Limited ABN 46 072 369 870
HEAD OFFICE Level 5, 655 Collins Street, Docklands VIC 3008 | Mailing Address: PO Box 14570, Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E [email protected] | www.servicestream.com.au
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For further information on this announcement, please contact:
Service Stream Limited Service Stream Limited Leigh Mackender Linda Kow Managing Director Chief Financial Officer Tel: +61 3 9937 6350 Tel: +61 3 9937 6350 E: [email protected] E: [email protected]
This document has been authorised for release by the Board of Directors.
About Service Stream Limited:
Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). The Service Stream Group is a provider of essential network services to the telecommunications, utility and transport sectors. Service Stream operates across all States and Territories, has a workforce of ~5,300 employees and access to a pool of ~6,500 specialist contractors. For more information visit www.servicestream.com.au
Service Stream Limited ABN 46 072 369 870
HEAD OFFICE Level 5, 655 Collins Street, Docklands VIC 3008 | Mailing Address: PO Box 14570, Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E [email protected] | www.servicestream.com.au
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