Servcorp books record H1 profit; boosts dividends

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Servcorp books record H1 profit; boosts dividends
Servcorp books record H1 profit; boosts dividends
Mahathir Bayena
Written by Mahathir Bayena
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Servcorp (ASX:SRV) has kicked off the 2026 financial year with a record-breaking performance, announcing a surge in profitability and cash flow for the six months ended Dec. 31, 2025.

The global workspace provider reported an underlying net profit before tax of $47 million, marking a 34% increase compared to the first half of FY25.

The growth was underpinned by a robust climb in underlying operating revenue, which rose 11% to reach $182 million.

The company's efficiency is further highlighted by its cash position; underlying free cash jumped 30% to $52.7 million, leaving the group with a formidable cash and investment balance exceeding $150 million.

Directors have declared an interim dividend of 16 cents per share, scheduled for payment on April 1.

Looking ahead, the firm expressed strong confidence in its trajectory, forecasting that total dividends for the 2026 financial year will not fall below 32 cents per share.

Other key performance indicators remained equally strong, with underlying earnings per share climbing 27% to 42.1 cents and net tangible assets rising to $2.32 per share.

At the time of reporting, Servcorp's share price was $7.93.

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