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Why Did VEEM Ltd Swing to a $19.5M Loss Despite New Product Launches?
8:26am on Wednesday 25th of February, 2026 AEDT
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Manufacturing
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Why Did VEEM Ltd Swing to a $19.5M Loss Despite New Product Launches?
8:26am on Wednesday 25th of February, 2026 AEDT
Key Points
Half-year revenue down 30% to $23.4 million
Net loss of $19.5 million versus prior profit of $1 million
$24.8 million impairment related to gyro stabiliser development
Launch of VEEM Extreme propulsion range and Mark III gyro stabiliser
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