Veris Forecasts $95M Revenue, $2M Profit Before Tax in FY25
Veris Limited has announced a significant turnaround in FY25 with an expected profit before tax of up to $2 million, reversing last year's loss, driven by strategic digital spatial initiatives and acquisition integration.
- FY25 unaudited profit before tax expected between $1.8M and $2.0M
- Revenue forecasted between $95M and $97M, up from FY24
- Successful integration of Spatial Vision acquisition accelerating digital advisory model
- Strong project pipeline exceeding $195M weighted value into FY26
- Board considering reinstatement of dividends and ongoing share buybacks
A Year of Turnaround and Growth
Veris Limited (ASX, VRS), a leader in digital spatial data consulting, has revealed a remarkable turnaround in its financial performance for the fiscal year ending June 2025. The company anticipates an unaudited profit before tax ranging from $1.8 million to $2.0 million, a stark reversal from the $4.4 million loss reported in FY24. This positive swing is underpinned by disciplined operational execution and a strategic focus on higher-value digital spatial consulting and advisory services.
Revenue is expected to reach between $95 million and $97 million, reflecting solid growth and the benefits of a national restructure implemented in the prior year. This restructure has enabled Veris to sharpen its operating model and improve margins, setting a foundation for sustainable profitability.
Strategic Execution and Acquisition Integration
Central to Veris’ transformation has been the successful acquisition and integration of Spatial Vision. This move has accelerated the company’s transition to a fully integrated digital advisory model, enhancing its service offerings and expanding its footprint in key markets. The Spatial Vision team’s expertise in spatial data, GIS, and strategic consulting has already delivered early operational benefits and strengthened client relationships.
Veris continues to pursue strategic merger and acquisition opportunities aligned with its digital spatial data consulting transformation, aiming to solidify its position as a trusted digital advisor across multiple sectors.
Robust Pipeline and Forward Outlook
The company enters FY26 with a strong and diverse project pipeline valued at over $195 million (weighted), supported by demand across sectors such as Transport, Buildings & Property, Energy & Resources, Defence, Utilities, and Government. This broad exposure helps mitigate sector-specific risks and positions Veris well to capture growth opportunities in digital spatial analytics, digital twins, and integrated advisory services.
Managing Director and CEO Michael Shirley highlighted the disciplined execution and strategic clarity that have driven this turnaround, emphasizing the company’s commitment to delivering higher-value outcomes for clients and shareholders alike.
Capital Management and Shareholder Returns
Reflecting improved operational cash flow and financial discipline, Veris’ Board is actively considering reinstating a full dividend for FY25 in line with its dividend policy. Additionally, the company plans to continue using share buybacks as a tool to enhance shareholder value, signaling confidence in its growth trajectory and capital management strategy.
Veris also maintains a strong balance sheet and cost control measures implemented during FY24, which have contributed to the positive financial turnaround and provide flexibility for future strategic investments.
Bottom Line?
Veris’ FY25 results mark a pivotal step in its digital spatial transformation, with investors keenly awaiting audited figures and dividend decisions.
Questions in the middle?
- Will Veris confirm the FY25 profit and revenue figures upon audit?
- How will the Board balance dividend payments with ongoing strategic investments?
- What further M&A opportunities might Veris pursue to accelerate growth?
