Yesterday, Service Stream Ltd (ASX: SSM) announced it has secured two contracts with Transport for Victoria worth $144 million over their initial five-year terms.

What did Service Stream report?

• Secured two Intelligent Transport Systems (ITS) maintenance contracts with Transport for Victoria
• Total contract value is $144 million over initial terms
• Each contract has a five-year initial term, with two possible two-year extensions
• Contracts cover maintenance, program management, and network operations support

What else do investors need to know?

The new contracts—the Victoria West ITS Maintenance Contract and the Motorway Communications Network Contract—expand Service Stream’s work in the Victorian transport sector. Work under both contracts is expected to commence in the fourth quarter of 2026.

The agreements further strengthen Service Stream’s annuity-style revenue base, boosting the company’s maintenance portfolio and providing improved visibility on future cash flows. This builds on Service Stream’s long-term customer relationships and capabilities in critical network management.

What did Service Stream management say?

Managing Director Leigh Mackender said:

The award of these two long-term maintenance agreements reinforces Service Stream’s position as a leading provider of transport technology and network maintenance services. The award further strengthens the Group’s maintenance portfolio and bolsters annuity-style work-in-hand revenues.

What’s next for Service Stream?

Service Stream expects work on these new contracts to commence in late 2026. The company will focus on seamless delivery and operational excellence while seeking additional growth opportunities in transport and network services.

Investors may watch for further contract wins or updates on integration and performance, as Service Stream aims to solidify its role in supporting Victoria’s critical infrastructure.

Service Stream share price snapshot

Over the past 12 months, Service Stream shares have risen 22%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Service Stream Limited wins two $144m Transport for Victoria contracts appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

When it comes to superannuation, it pays to have a target in mind when you’re putting money away for the future.

As the old adage says, failing to plan is planning to fail.

The good news is that even if you start relatively late, there are strategies you can use to boost your super to a level where it will afford you a comfortable retirement.

How much superannuation do you need for $1500 per week in passive income?

Today we’re looking at the scenario where you are aiming to generate $1500 per week in passive income from your superannuation.

So to start with, is this considered a comfortable retirement? The short answer is yes.

The Association of Superannuation Funds of Australia has calculated how much is needed for singles and couples to have a comfortable retirement, and the figures come out at $55,923 for singles and $78,566 per year for couples.

These figures assume you own your own home and will draw a part pension, but they are well under the $1500 per week, or $78,000 per year level we are looking at.

So, how much superannuation would you need to generate this amount?

Let’s assume you can generate a 10% return on your investments. In this case, you’d need a $780,000 superannuation balance.

If you were generating just 5% you would need a balance of $1.56 million.

I’d argue that somewhere in the middle is achievable over time. So if you were generating a 7.5% return, you’d need a balance of $1.04 million.

What shares might help you achieve your passive income goal?

In terms of the shares you might want to have in your portfolio, you could look at listed investment trusts such as Charter Hall Retail REIT (ASX: CQR), which brokers expect to pay a return of better than 6% through to 2030, or Dexus Industria REIT (ASX: DXI), which is currently paying a healthy 6.97% yield.

Alternatively, financial services company Regal Partners Ltd (ASX: RPL) is paying a fully franked 7.42%.

Among the Wilson Asset Management funds, WAM Strategic Value Ltd (ASX: WAR) is paying a yield of 5.65%, while WAM Active Ltd (ASX: WAA), recently increased its dividend and is paying out 6.94%.

Among the banks, Westpac Banking Corp (ASX: WBC) is paying 4.35% fully franked, while Bank of Queensland Ltd (ASX: BOQ) is paying 6.19% also fully franked.

Among Australian blue-chip stocks, Telstra Ltd (ASX: TLS) is paying 4.39%, and miner BHP Group Ltd (ASX: BHP) is paying 3.19%.

How to increase your superannuation balance

If you’re keen to increase your superannuation balance, investigate the viability of making extra concessional contributions up to the $32,500 cap, with these contributions taxed at just 15%.

The $32,500 cap includes any contributions from your employer and amounts contributed through salary sacrifice.

If your superannuation balance was under $500,000 in the last financial year, you can also carry forward up to five years’ worth of unused concessional contribution amounts. You can find out how much you can contribute under this rule by logging in to your myGov account.

Non-concessional contributions of up to a further $130,000 can be made each year also.

The post How much is needed in superannuation for $1500 in weekly passive income? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Charter Hall Retail REIT and Telstra Group. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Vault Minerals Ltd (ASX: VAU) share price will be in focus on Friday after the company delivered a record 54% jump in underlying EBITDA to $953.3 million, with gold production reaching 336,540 ounces for FY26.

What did Vault Minerals report?

• Group gold production: 336,540 ounces; gold sales: 334,904 ounces
• Revenue from metal sales: $1,880.2 million (up 31% on prior year)
• Underlying EBITDA: $953.3 million (up 54%)
• Statutory net profit after tax: $278.4 million
• Free cash flow: $487.8 million
• Maiden interim dividend: 7 cents per share declared in February 2026 and paid in April 2026

What else do investors need to know?

Vault Minerals ended FY26 with cash and bullion of $841.6 million and no debt, an increase of $155.7 million over the year. The company internally funded the early settlement of all remaining gold hedges, removing fixed price exposure and giving full upside to the prevailing gold price going forward.

Investment in strategic growth continued, including the King of the Hills (KoTH) processing plant upgrade, which remains on budget and ahead of schedule. Vault also returned $126.8 million to shareholders via share buybacks and the maiden interim dividend. No final dividend was declared due to the proposed merger with Genesis Minerals, with eligible shareholders to receive a cash component as part of the merger consideration.

What’s next for Vault Minerals?

Vault has provided standalone FY27 guidance for gold production of 355,000 to 375,000 ounces at an AISC of A$3,150 to A$3,350 per ounce, with further growth targeted for FY28. The KoTH processing plant upgrade is expected to support a 50% increase in throughput and a 34% uplift in Leonora gold production by September 2026.

Meanwhile, the proposed merger with Genesis Minerals remains on track for completion in November 2026, aimed at creating a leading Australian gold company poised to benefit from operational synergies and scale.

Vault Minerals share price snapshot

The Vault Minerals share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 140%.

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The post Vault Minerals share price in focus after record FY26 earnings appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.