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VEEM’s Profit Surges 2H Amid $65m Submarine Contract Boost
9:03pm on Friday 29th of August, 2025 AEST
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Manufacturing
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VEEM’s Profit Surges 2H Amid $65m Submarine Contract Boost
9:03pm on Friday 29th of August, 2025 AEST
Key Points
FY25 revenue declined 15% to $68.6 million
Second half EBITDA rose 36%, NPAT doubled versus first half
Secured six-year $65 million ASC Collins Class submarine contract extension
Achieved approved supplier status with Huntington Ingalls for Virginia Class submarines
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