Ventia extends Defence contract; continues share buy-back program

Ventia (ASX:VNT) has announced a seven-month extension to its Defence Base Services contract with the Department of Defence, commencing July 1, 2025, and concluding January 31, 2026. The extension is valued at approximately AUD 270 million and will see Ventia continue providing estate management, living services, and base support capabilities, including firefighting services. CEO Dean Banks emphasized Ventia's long-standing 35-year partnership with Defence, supporting over 90,000 service personnel across 70 bases.