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7 stories mentioning ASX:SSMUpdated 31d ago

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Asia

Service Stream Secures AU$144 Million of Maintenance Contracts From Transport for Victoria

Service Stream (ASX:SSM) secured two intelligent transport system maintenance contracts from Transport for Victoria worth an aggregate AU$144 million over their initial five-year terms, according to a Thursday filing with the Australian bourse.Both the Victoria West contract and the Motorway Communications Network contract have two extension options for a further two years, and are expected to start in the fourth quarter, per the filing.Service Stream said it will provide a range of routine and reactive maintenance services, including program management, asset monitoring, inspections, servicing, fault management, and network operations support.The company's shares fell 2% in recent Thursday trade.

ASX:SSM
Asia

Service Stream FY26 Adjusted Earnings, Revenue Up

Service Stream (ASX:SSM) logged AU$0.131 in adjusted EPS for fiscal 2026, compared with AU$0.112 a year ago, a Wednesday filing showed.For the 12 months ended June 30, revenue was AU$2.35 billion versus AU$2.33 billion previously, the Australia-listed network service company added.The board declared a final dividend of AU$0.035 per share, up from AU$0.03 a year earlier, payable Oct. 2 to shareholders on record as of Sept. 17.

ASX:SSM
Asia

Service Stream Completes Acquisition of High-Voltage Electrical Business RiE Group

Service Stream (ASX:SSM) completed the acquisition of RiE Group, a specialized high-voltage electrical and instrumentation business operating across oil and gas, power generation and renewable sectors, according to a Friday Australian bourse filing.The company said the acquisition, announced on May 25, has settled following the satisfaction of all conditions precedent, including the successful transition of major client agreements and staff.

ASX:SSM
Asia

Service Stream Says Pinnacle Investment Management Raises Stake

Service Stream (ASX:SSM) said Pinnacle Investment Management Group (ASX:PNI) boosted its voting power in the firm to 6.22% from 5.19% as of May 28, according to a Tuesday Australian bourse filing.Pinnacle Investment now holds 38.5 million shares of the firm.

ASX:PNIASX:SSM
Asia

Service Stream to Acquire Queensland-Based RIE Group

Service Stream (ASX:SSM) has agreed to acquire Queensland-based RIE Group, subject to customary conditions precedent, according to a Monday Australian bourse filing.The deal includes an upfront payment of AU$6.5 million, subject to net working capital adjustments plus a possible earn-out of up to AU$1.5 million if fiscal year 2027 targets are achieved, per the filing.The acquisition aligns with the company's strategy to broaden its addressable market and expand its regional presence, with completion anticipated around August, the filing added.The company's shares fell 1% in recent Monday trade.

ASX:SSM
Asia

Service Stream Secures AU$455 Million in New Utility Sector Contracts, Shares Up 4%

Service Stream (ASX:SSM) has secured new agreements worth AU$455 million across the utility sector, including a nine-year contract with Yarra Valley Water valued at about AU$405 million and two contracts with Millmerran Operating Company worth a combined AU$50 million over three years, according to a Monday Australian bourse filing.Mobilization for the Yarra Valley Water contract is set to start immediately, with operations due to commence in October, the filing added.The Millmerran contracts will support the delivery of major and forced outage works at the 425-megawatt power station in Queensland, including mechanical inspections, testing, overhaul, and repair activities on the boiler and balance of plant, the filing added.The company's shares rose 4% in recent Monday trade.

ASX:SSM
Asia

Service Stream Says Dimensional Entities Cease to Be Substantial Holder

Service Stream (ASX:SSM) said Dimensional Entities has ceased to be a substantial holder in the company on May 8, according to a Wednesday Australian bourse filing.

ASX:SSM

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