I have tested this issue, and I notice that the pipes are being annotated. It is just that the annotation is being placed far away from the profile. Fit the view and you will see the annotation is far down at the bottom of the screen. There doesn't appear to be anything wrong with the style or symbology because I can create a new profile, add the drainage, and it annotates properly. I think something has become corrupt with the profile itself. Try creating a new profile and annotating it. I believe this should resolve your issue.
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