Veris (VRS) Conference Coffee Microcaps Morning Meeting Webinar summary

Strategic direction and vision

• Focus on becoming an integrated digital and spatial data advisory and consulting firm, pioneering digital transformation and sustainability outcomes for clients.

• Emphasis on leveraging spatial data, digital twins, and AI to empower industries with innovative solutions.

• Strategy centers on embedding advanced digital tools, value-based pricing, and diversifying revenue streams beyond traditional survey services.

• Transformation aims to move up the value chain, deepen consulting and advisory expertise, and pursue targeted M&A for growth.

Financial performance and growth

• Achieved $50.8 million in H1 FY26 revenue, a 9% year-on-year increase, with underlying EBIT up 62% and underlying PBT up 69%.

• Digital & Spatial revenue rose to 29% of total revenue, reflecting a shift toward higher-value digital services.

• Maintained a robust cash balance of $14.9 million, supporting ongoing operations and strategic initiatives.

• Secured forward workload of $65 million and a weighted pipeline exceeding $195 million, demonstrating strong future visibility.

Digital solutions and innovation

• Proprietary cloud-based, AI-enabled platforms such as Vantage, DigitalUrbanism, BridgeSiDe, Parsel, RoadSiDe, DigitalTwin, and PhotoNavigator are developed, tested, and gaining market traction.

• AI integration accelerates automation, insight, and scalability, driving recurring subscription and analytics revenue.

• Application development capabilities, enhanced by the Spatial Vision team, enable scalable, recurring digital-led growth and deeper client engagement.