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Veris Limited (ASX:VRS)

ALERT: Price-sensitive ASX Announcement for VRS
Current share price for VRS : $0.057 -0.013 (-18.57%)+
Announcement
Release
26 Aug 2025 8:07AM
Price at Release
$0.070
Full Release
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Summary
Veris Limited reported a return to profitability in the fiscal year ending 30 June 2025. Revenue increased by 5% to $97.2 million, driven by a strategic shift towards higher-value projects and enhanced digital and spatial advisory services, which now contribute over 25% of the Group's revenue. EBITDA grew by 49% to $10.0 million, leading to a pre-tax profit of $2.0 million compared to a $4.4 million loss the previous year. The company declared a full-year fully franked dividend of 0.2 cents per share. Operational efficiency was improved through a national delivery model, and significant growth was achieved in digital consulting and advisory services. The acquisition of Spatial Vision enhanced Veris' capabilities and market positioning. Veris' cash position at year-end was $16.6 million, with a strong order book exceeding $65 million and a pipeline valued at over $190 million. Looking forward, the company aims to sustain margin-accretive growth and capitalize on opportunities within the digital and advisory sectors.
Key Points
  • Veris Limited returned to profitability in FY25.
  • Revenue increased by 5% to $97.2 million.
  • EBITDA grew by 49% to $10.0 million.
  • Declared a full-year fully franked dividend of 0.2 cents per share.
  • Digital and spatial advisory services contribute over 25% of revenue.
  • Acquisition of Spatial Vision enhanced capabilities.
  • Cash position at year-end was $16.6 million.
  • Order book exceeds $65 million with a pipeline over $190 million.
  • Focus on sustaining margin-accretive growth in FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.