Veris (VRS) H1 2026 earnings summary

Executive summary

• Revenue for the half year reached AUD 50.9 million (or $50.8 million), up 9% year-on-year, driven by digital and spatial services expansion and successful integration of Spatial Vision and Mesh acquisitions.

• Digital and spatial revenue now represents 29% of total revenue, up from 20% in the prior year, reflecting a strategic shift to higher-margin consulting and digital solutions.

• Underlying EBIT rose 62% to AUD 2 million (4.0% margin), and underlying PBT increased 69% to AUD 1.7 million (3.3% margin) compared to the prior year.

• Robust forward visibility with a secured backlog of AUD 65 million and a weighted pipeline exceeding AUD 195 million.

• Acquisitions and proprietary digital platforms, such as Parsel, are driving recurring revenue and margin expansion.

Financial highlights

• Revenue for the half was AUD 50.9 million (or $50.8 million), up 9% year-on-year.

• Underlying EBIT was AUD 2 million (4.0% margin), up 62% year-on-year; underlying PBT was AUD 1.7 million (3.3% margin), up 69% year-on-year.

• Reported PBT was AUD 0.8 million, impacted by one-off M&A, legal, and system costs.

• Cash balance at period end was AUD 14.9 million, supporting operations and strategic investments.

• Dividend of 0.2 cents per share was paid, totaling AUD 1.05 million, with a Dividend Reinvestment Plan in place.

Outlook and guidance

• Secured backlog of AUD 65 million and a weighted pipeline exceeding AUD 195 million provide strong revenue visibility and confidence in near-term and long-term growth.

• Positive outlook supported by key project wins in infrastructure and digital sectors.

• Strategy focused on scaling digital and advisory services for higher margins and recurring revenues.