Vysarn (VYS) H2 2025 earnings summary

Executive summary

• Achieved record operational revenue of $106.53m, up 40% year-over-year, driven by organic growth and the accretive acquisitions of CMP Consulting Group and Waste Water Services (WWS).

• Net profit after tax rose 34% to $10.69m, with EBITDA up 31% to $21.33m compared to the prior year.

• Expanded national footprint, diversifying from a WA/resource-centric business to a multi-sector, multi-region water solutions provider.

• Successful $38.2m capital raise funded acquisitions and growth initiatives.

• Strong balance sheet with $12.96m cash and net tangible assets of $56.25m at year-end.

Financial highlights

• Operational revenue: $106.53m (FY24: $75.89m), up 40%.

• EBITDA: $21.33m (FY24: $16.32m), up 31%.

• Net profit before tax: $15.03m (FY24: $11.06m), up 36%.

• Net profit after tax: $10.69m (FY24: $7.96m), up 34%.

• Operational cash flow: $17.16m (FY24: $10.21m), up 68%.

• Gross margin: $36.80m (FY24: $26.95m).

• Basic EPS: $0.0213 (FY24: $0.0195).

Outlook and guidance

• Management targets continued earnings growth in FY26, focusing on integration and optimisation of recent acquisitions and organic growth in mature divisions.

• Well-funded for further acquisitions, with identified targets to enhance scale and diversification.

• Anticipates ongoing strong demand in the iron ore sector and expansion into new markets via CMP and WWS.