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Veris Limited (ASX:VRS)

ALERT: Price-sensitive ASX Announcement for VRS
Current share price for VRS : $0.056 -0.011 (-16.42%)+
Announcement
Release
24 Feb 2026 8:14AM
Price at Release
$0.067
Full Release
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Summary
Veris Limited reported strong financial performance for the first half of the fiscal year 2026 (H1 FY26), with a 9% increase in revenue to $50.8 million and a 62% rise in underlying EBIT to $2.0 million. The company, which is focused on digital and spatial data consulting and advisory services, has successfully integrated recent acquisitions like Spatial Vision and Mesh, enhancing its capabilities in high-value, digitally enabled services. Veris has a solid cash balance of $14.9 million and a robust forward workload of $65 million, positioning it well for future growth. The company continues to execute its strategic shift towards higher-margin services, supported by its proprietary digital platforms and advisory capabilities.
Key Points
  • Revenue growth of 9% year-on-year, reaching $50.8 million.
  • Underlying EBIT increased by 62% to $2.0 million.
  • Digital and spatial services accounted for 29% of total revenue.
  • Successful integration of Spatial Vision and Mesh acquisitions.
  • Strong cash balance of $14.9 million.
  • Secured forward workload of approximately $65 million.
  • Pipeline exceeding $195 million.
  • Focus on higher-margin, digitally enabled, and advisory-led services.
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.