Johns Lyng Group’s core insurance building and restoration services operation has reported a record business-as-usual result for last financial year.

Revenue was up 9% to $845.3 million and earnings before interest, tax, depreciation and amortisation (EBITDA) surged 20.2% to $111.2 million.

The unit accounts for nearly 91% of group revenue, which came in at $1.05 billion.

“Our [insurance building and restoration division business-as-usual] business is the cornerstone of the group and a key driver of our financial performance,” Australian chief executive Nick Carnell said. “We are pleased to have achieved another record financial performance, underpinned by organic growth stemming from our reputation as a trusted partner to our insurance counterparties.”

Group net profit after tax improved to $63.3 million from $62.8 million the previous year, and EBITDA rose 8.5% to $129.6 million.

The insurance building and restoration division extended contracts with Hollard, Suncorp, CHU and QBE during the year and had new contract wins, including with New Zealand’s Tower Insurance, SafetyCulture Care, RAA, Hutch and large American insurer AllState.

Johns Lyng says the division’s results were supplemented by post-catastrophe work, which contributed $205.6 million in revenue during the year. The previous year, catastrophe recovery and rebuilding work brought in revenue of $371.3 million.

“While we note that [catastrophe] revenue was down on FY23, [that] year was a record, with several significant natural disasters impacting Australia,” Mr Carnell said.