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Veem Ltd (ASX:VEE)

ALERT: Price-sensitive ASX Announcement for VEE
Current share price for VEE : $0.545 0.095 (21.11%)+
Announcement
Release
9 Jun 2026 8:28AM
Price at Release
$0.450
Full Release
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Summary
VEEM Limited, an Australian Defence manufacturer, has completed the construction of a factory extension and provided a trading update. The extension adds 1,000m2 of space to accommodate growth in propulsion and other segments, with three new CNC machines due for imminent installation. VEEM has also commissioned a 3D printer funded by a government grant, enhancing production capabilities. Revenue for the year is expected to reach between $50m and $52m, and EBITDA between $3.25m and $3.75m, driven by defense and marine segments. The company anticipates significant growth in FY27, following a transitional year with new product developments and market entries. VEEM continues to fulfill orders and expand its offerings, particularly in the defense sector.
Key Points
  • Factory extension completed with 1,000m2 additional space
  • Three new CNC machines to be installed soon
  • 3D printer commissioned with government grant funding
  • Expected revenue between $50m and $52m
  • Expected EBITDA between $3.25m and $3.75m
  • Significant growth driven by defense and marine segments
  • FY26 considered a transition year for new product development
  • Anticipated revenue increase in FY27
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.