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Veris Rebounds to $2M Profit, Backed by $65M Rail Contract Win

8:31am on Thursday 24th of July, 2025 AEST Technology
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Veris Rebounds to $2M Profit, Backed by $65M Rail Contract Win

8:31am on Thursday 24th of July, 2025 AEST
Key Points
  • FY25 unaudited profit before tax of $2.0 million, reversing a $4.4 million loss in FY24
  • Revenue increased 5% to $97.2 million year-on-year
  • Strong cash balance of $16.6 million despite capital deployment
  • Secured over $65 million in new workload from Victorian Suburban Loop Rail contract
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