Australia's Service Stream jumps on strong annual results

Service Stream

19/08/2026 06:15

** Shares of Service Stream SSM.AX jump as much as 7.1% to A$2.71, their highest level since June 29
** On track to mark its best day since September 11, 2025
** Network services company posts annual net profit after tax adjusted of A$81.1 million ($57.35 million), up 18.4%
** Notes improved quality of earnings and incremental contributions from recently mobilised contracts driving earnings growth in FY27
** About 2.3 million shares traded so far, 1.6x the 30-day avg
** Stock is up about 16% YTD, including the session's moves
     
($1 = 1.4140 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))