How Vysarn’s $106.5M Revenue and Acquisitions Are Shaping Australia’s Water Future
Vysarn Limited delivered a robust FY2025 performance, driven by significant acquisitions and expanding operations across Australia’s water infrastructure sector. The company’s strategic moves position it well for sustained growth amid evolving market demands.
- FY2025 revenue surged 40% to $106.55 million
- Acquisitions of CMP Consulting and Waste Water Services expanded geographic and service footprint
- Net profit after tax rose 34% to $10.69 million
- Operational cash flow improved 68% to $17.16 million
- Groundwater resource project advances with promising early results
Strong Financial Performance and Strategic Expansion
Vysarn Limited (ASX, VYS) has reported a compelling set of financial results for the fiscal year ending June 30, 2025, underscoring its emergence as a leading vertically integrated water services and infrastructure provider in Australia. Revenue from operations climbed 40% year-on-year to $106.55 million, buoyed by the full-year contributions of existing subsidiaries and the partial-year impact of two key acquisitions, CMP Consulting Group and Waste Water Services (WWS).
These acquisitions not only broadened Vysarn’s service offerings but also extended its geographic reach beyond Western Australia to the eastern seaboard, tapping into substantial government-led water infrastructure investments in Victoria, New South Wales, and Queensland. The company’s net profit after tax rose 34% to $10.69 million, reflecting both organic growth and the accretive effect of these strategic purchases.
Operational Highlights and Market Dynamics
The industrial division experienced a notable rebound in the second half of FY2025, following a subdued first half due to iron ore sector caution. Demand for hydrogeological drilling and test pumping surged, enabling Vysarn to optimise asset utilisation and achieve record operational shifts. Meanwhile, the technology division, anchored by managed aquifer recharge (MAR) units, maintained strong earnings despite a slower start, supported by ongoing adoption of sustainable water disposal methods by mining clients.
WWS’s integration into the technology division added wastewater treatment capabilities, contributing materially to earnings and opening new avenues in both mining and municipal markets. The company’s flexible approach; including traditional sales, rental, and Build Own Operate Maintain (BOOM) models; positions it well to capture diverse client needs, particularly in regional areas with constrained funding.
Groundwater Project and Future Outlook
Vysarn’s asset management team progressed the Kariyarra Water Scheme, a groundwater ownership project in partnership with the Kariyarra Aboriginal Corporation. Early drilling and testing revealed water quality exceeding initial expectations, with ongoing assessments aimed at securing a critical groundwater license. This project exemplifies Vysarn’s ambition to develop proprietary water resources, potentially supplying industrial and potable water in regional Western Australia.
Looking ahead, the company is well capitalised following a $38.2 million capital raising, with strong cash reserves and access to acquisition and growth debt facilities. Management anticipates continued organic growth driven by integration optimisation, alongside selective acquisitions to further diversify and scale operations nationally. The evolving domestic water infrastructure landscape, coupled with Vysarn’s vertically integrated model, suggests a promising trajectory for the company in FY2026 and beyond.
Bottom Line?
Vysarn’s FY2025 results mark a pivotal step in its national expansion, but integration and regulatory milestones will be key to sustaining momentum.
Questions in the middle?
- How smoothly will CMP and WWS integrate operationally and culturally in FY2026?
- What is the timeline and likelihood of securing the 5C groundwater license for Kariyarra Water Scheme?
- Can Vysarn successfully diversify beyond the iron ore sector to mitigate market concentration risks?
