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The latest update is out from Veris Limited ( (AU:VRS) ).
Veris Limited reported half‑year FY26 revenue of $50.8 million, up 9% year on year, as its Digital & Spatial division grew to 29% of group revenue and contributed higher‑margin GIS and analytics services. Underlying EBIT rose 62% to $2.0 million with margins improving to 4.0%, while underlying PBT increased 69% to $1.7 million, reflecting a marked uplift in earnings quality despite some temporary softness in traditional service lines.
The group maintained a strong cash balance of $14.9 million after funding acquisitions, dividends and incentives, underpinning a solid balance sheet to support its digital advisory strategy. Recent acquisitions, including Spatial Vision and the late‑half purchase of Mesh, are integrating well and expanding consulting capabilities, while a secured workload of about $65 million and a weighted pipeline above $195 million signal robust forward demand for Veris’s scaled digital solutions.
The most recent analyst rating on (AU:VRS) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Veris Limited stock, see the AU:VRS Stock Forecast page.
More about Veris Limited
Veris Limited is an Australian digital and spatial data advisory and consulting firm focused on higher‑margin, digitally enabled and advisory‑led services. The company provides GIS, spatial consulting, analytics and digital solution delivery, increasingly using proprietary platforms and automation to support major infrastructure and asset programs for its client base.
Average Trading Volume: 214,196
Technical Sentiment Signal: Buy
Current Market Cap: A$36.48M
For detailed information about VRS stock, go to TipRanks’ Stock Analysis page.