• Revenue from operations $41.02 million
• EBITDA $8.14 million
• NPBT $5.24 million
• Operational cashflow $14.81 million
• Transformational acquisitions of WWS and CMP

Vysarn Limited (ASX:VYS) has announced its financial results for the six months to 31 December 2024 (1HFY25). The company reported revenue from operations of $41.02 million, EBITDA of $8.14 million, and NPBT of $5.24 million, all of which were ahead of the guidance provided at the November 2024 AGM. The group's operational cashflow was also very strong at $14.81 million. During the period, Vysarn completed the transformational acquisitions of Waste Water Services Pty Ltd (WWS) and CMP Consulting Group Pty Ltd (CMP), both of which made meaningful contributions to the results. The company's subsidiaries performed broadly in line with management's expectations, with the biggest drag on first half earnings being the industrial division consisting of Pentium Hydro and Pentium Test Pumping, which experienced material declines in asset utilization due to Tier 1 client reductions in spend. The advisory division, consisting of Pentium Water and CMP, produced a steady financial result, while the technology division, including Project Engineering and WWS, continued to generate strong earnings. Vysarn's asset management division, VAM, made progress in the identification, planning, and development of the Kariyarra paleochannel project in partnership with the Kariyarra Aboriginal Corporation. The company is well-positioned to continue executing its strategy, with a leading exposure to the Pilbara region of Western Australia and the Eastern Seaboard, providing genuine diversification across sectors, geographies, and counter-economic cycles.

Vysarn is targeting pro-forma FY2024 NPBT earnings run rates in CY2025, which if achieved, would provide material year-on-year earnings growth in FY2025 and a platform for further earnings growth in FY2026.

Vysarn is well-funded and has a broad range of growth prospects across multiple geographies and sectors that will continue to help drive ongoing long-term, sustainable value for its shareholders. The company is forecasting year-on-year earnings growth for FY2025 as it targets the delivery of the pro-forma earnings run rate established during the acquisition process of WWS and CMP.