Vection Technologies Hits Record Revenue and Turns EBITDA Positive on Defence-Led Growth

Vection Technologies Ltd. ( (AU:VR1) ) has provided an announcement.

Vection Technologies reported record first-half FY26 revenue of $17.4 million, up 34% year on year, with gross profit doubling to $9.7 million and margins rising to 56% as its mix shifted toward higher-margin software, AI and services. The company delivered its first positive underlying EBITDA of $0.2 million and achieved breakeven operating cash flow, signalling emerging operating leverage despite the seasonally weaker half.

Customer receipts surged 49% to $22.5 million, cash at bank rose to $13.7 million, net assets more than doubled to $28.7 million and deferred revenue climbed 46% to $8.6 million, underscoring strengthened liquidity and revenue visibility. Defence has been cemented as a core growth engine, with $27.7 million in cumulative defence orders, a $22.3 million multi-year framework agreement through 2030 and the company’s largest-ever $7.2 million contract plus a new $2.2 million FEDRA edge AI defence order booked after period end.

The most recent analyst rating on (AU:VR1) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Vection Technologies Ltd. stock, see the AU:VR1 Stock Forecast page.

More about Vection Technologies Ltd.

Vection Technologies Ltd. is a provider of integrated extended reality and AI-powered digital transformation solutions. The company focuses on software, AI and services for sectors including defence and healthcare, increasingly under multi-year contracts that support recurring and higher-margin revenue streams.

Average Trading Volume: 11,016,804

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$60.83M

See more insights into VR1 stock on TipRanks’ Stock Analysis page.