Vysarn’s FY25 Revenue Jumps 40% as Acquisitions Boost Earnings

Strong Financial Momentum

Vysarn Limited (ASX, VYS) has reported a standout financial performance for the fiscal year ending 2025, posting record earnings before tax (NPBT) of $15.0 million, a 36% increase over the prior year. Revenue surged 40% to $106.5 million, while EBITDA rose 31% to $21.4 million, reflecting robust demand across all its water service segments. This growth underscores Vysarn’s expanding role as an integrated provider of end-to-end water solutions across multiple industries and regions.

Acquisitions Fuel Expansion

Central to Vysarn’s growth story has been the successful acquisition and integration of CMP Consulting Group and Waste Water Services (WWS). These strategic moves have not only broadened the company’s service offerings but also delivered significant earnings accretion, with combined EPS accretion exceeding 40% in FY25. While CMP’s earnings are currently below initial targets, integration efforts are ongoing, with early traction seen in cross-selling and new client engagements, including a notable contract with Sydney Water.

Segment Performance and Market Position

The company’s Industrial segment saw a remarkable revenue increase of over 300%, driven by strong demand for drilling and test pumping services, particularly in Western Australia’s mining sector. The Technology segment also performed strongly, benefiting from the deployment of modular wastewater treatment plants and advanced water management technologies, with a focus on expanding beyond WA to the East Coast. Meanwhile, the Advisory segment has established a national footprint, positioning Vysarn to capitalise on Australia’s $38 billion infrastructure boom, especially in Victoria and New South Wales.

Strategic Partnerships and Asset Development

Vysarn’s partnership with global environmental engineering leader Hazen and Sawyer aims to combine local expertise with international technical capabilities, enhancing its competitive edge in delivering complex water infrastructure projects. Additionally, the company is advancing the Kariyarra Water Scheme in Port Hedland, Western Australia, with encouraging preliminary drilling results indicating a promising groundwater resource. This project aligns with Vysarn’s long-term vision to establish a water utility in the Pilbara region, supporting sustainable water supply for industrial and community needs.

Outlook and Growth Strategy

Looking ahead to FY26, Vysarn is targeting continued organic growth across all segments, leveraging its strengthened balance sheet and operational efficiencies. The company plans to expand its national footprint, particularly in technology and advisory services, while remaining acquisitive for capital-light, scalable businesses. With a focus on innovation, sustainability, and integrated water solutions, Vysarn aims to solidify its position as a leading national water services provider, addressing critical water infrastructure challenges across Australia.