Servcorp Limited (ASX: SRV) reported a solid first half FY26 performance, reflecting improved occupancy, pricing discipline, and operating leverage across its global flexible workspace network. Statutory revenue increased 11% to AU$187.0 million, while underlying operating revenue rose 11% to AU$182.0 million. Underlying NPBIT advanced 34% to AU$47.0 million, and underlying operating profit improved 29% to AU$43.2 million, demonstrating margin expansion across mature locations.
Cash flow remained a key strength, with underlying free cash generation of AU$52.7 million, representing 112% of underlying NPBIT. Unencumbered cash increased to AU$162.6 million, reinforcing a strong balance sheet and supporting net tangible assets of AU$2.32 per share. The Company declared a 16.0 cents per share interim dividend and reaffirmed FY26 guidance of AU$80.0–AU$84.0 million underlying NPBIT and more than AU$100.0 million in underlying free cash, underscoring confidence in sustained earnings momentum.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Servcorp Delivers Strong 1H FY26 Profit Growth and Robust Cash Generation.
Servcorp Limited (ASX: SRV) reported a solid first half FY26 performance, reflecting improved occupancy, pricing discipline, and operating leverage across its global flexible workspace network. Statutory revenue increased 11% to AU$187.0 million, while underlying operating revenue rose 11% to AU$182.0 million. Underlying NPBIT advanced 34% to AU$47.0 million, and underlying operating profit improved 29% to AU$43.2 million, demonstrating margin expansion across mature locations.
Cash flow remained a key strength, with underlying free cash generation of AU$52.7 million, representing 112% of underlying NPBIT. Unencumbered cash increased to AU$162.6 million, reinforcing a strong balance sheet and supporting net tangible assets of AU$2.32 per share. The Company declared a 16.0 cents per share interim dividend and reaffirmed FY26 guidance of AU$80.0–AU$84.0 million underlying NPBIT and more than AU$100.0 million in underlying free cash, underscoring confidence in sustained earnings momentum.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au