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Veris Limited (ASX:VRS)

ALERT: Price-sensitive ASX Announcement for VRS
Current share price for VRS : $0.054 -0.016 (-22.86%)+
Announcement
Release
26 Aug 2025 8:07AM
Price at Release
$0.070
Full Release
download
Summary
Veris Limited's FY25 results showcased a significant turnaround, achieving a profit before tax of $2.0 million, reversing a previous loss. The company reported revenue of $97.2 million, with a gross profit margin increase to 36.5%, driven by strategic shifts towards higher-margin digital and spatial projects. Veris continued its transformation into a digital and spatial data advisory firm, leveraging acquisitions like Spatial Vision to expand its capabilities. The secured workload grew to over $65 million, with a robust pipeline supported by new project wins and a focus on margin-enhancing initiatives. The company maintained a strong cash balance, enabling strategic investments and shareholder returns, including a full year dividend and share buyback program.
Key Points
  • Revenue for FY25 was $97.2 million with a gross profit margin of 36.5%.
  • Profit before tax of $2.0 million, reversing a $4.4 million loss in FY24.
  • Digital and spatial projects now account for over 25% of total revenue.
  • Acquisition of Spatial Vision strengthened digital solutions and advisory offering.
  • Secured workload increased to over $65 million, supporting future growth.
  • Maintained a strong cash balance, providing flexibility for further M&A opportunities.
  • Shareholder returns included a full year dividend and an ongoing share buyback program.
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.