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How Will VEEM’s New Defence Contracts and VEEM Extreme Propel Its Future?
7:01am on Friday 28th of November, 2025 AEDT
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How Will VEEM’s New Defence Contracts and VEEM Extreme Propel Its Future?
7:01am on Friday 28th of November, 2025 AEDT
Key Points
FY25 revenue of A$68.6m, down 15% from FY24
Net profit after tax (NPAT) of A$3.0m, down 57% year-on-year
Secured 6-year $65m ASC defence contract and 9-year US submarine supply agreement
Launched VEEM Extreme propulsion system with up to 18.1% fuel efficiency gains
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