Verbrec Ltd ( (AU:VBC) ) has shared an announcement.
Verbrec Limited has announced its half-year financial results for FY2025, marking its third consecutive profitable period since the new management team took over in 2023. The company achieved a multi-year high gross margin of 37.0%, despite a slight decrease in revenue and EBITDA compared to the previous year. The company has managed to maintain stable cash balances while reducing loan debt, and anticipates stronger revenues and profits in the second half of the fiscal year, supported by increased work in hand. However, some project opportunities were deferred due to inflationary pressures and resource shortages.
More about Verbrec Ltd
Verbrec Limited is a leading provider of engineering, project, training, and mining technology services, supporting customers across Australia and the Pacific.
YTD Price Performance: -6.67%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.59M
See more data about VBC stock on TipRanks’ Stock Analysis page.