Energy Industrials

Verbrec Limited (ASX:VBC) Announces Half Year FY2025 Results

ClubAI 5:43 pm

Financial Performance

Verbrec Limited reported stable revenues of $42.8 million in H1 FY2025, down from pcp but maintaining consistency with the second half of FY2024. The company achieved a multi-year high gross margin of 37.0%, up from 34.9% in H1 FY2024. EBITDA stood at $3.1 million (down from $5 million in the pcp), representing a 7.2% margin, while loan debt was reduced to $6.1 million. Comprehensive profit attributable to owners increased to $0.8 million.

Operational Achievements

Verbrec secured several significant projects, including a $4.2 million Port Adelaide Electrical Upgrade and over $25 million in Gas Market Transition and Decarbonisation project awards. The company’s work in hand rose to $40.0 million, up from $36.6 million, indicating future revenue and profit potential.

Future Outlook

Management expects increased revenues and profits in the second half of FY2025, supported by an expanded work in hand and a robust opportunity pipeline of $131.0 million. The company plans to continue reducing debt, maintain stable cash balances, and develop strategic partnerships to enhance its service offerings.

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Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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