Ventia reports 12.8% profit increase, plans buyback

Ventia Services has reported a 12.8% increase in net profit after tax and amortisation (NPATA) for the full year ended Dec 31, 2024.

The company's underlying NPATA of $227.9 million exceeded the top end of its upgraded guidance.

Ventia's revenue for the year reached $6.1 billion, up 7.6%.

The company also announced an on-market buyback of up to $100m.

For the 2025 financial year, Ventia provided guidance for underlying NPATA growth of 7-10% compared to FY24.

Ventia's work in hand increased by 6.7% to $19.4b.

The company's operating cash flow conversion was 91.4%.