• Revenue up 14.9% to $12.56m
• Loss down 58.7% to $3.73m
• Acquisitions and strategic partnerships drive AI and XR growth

Vection Technologies Ltd reported a 14.9% increase in revenue to $12.56m and a 58.7% reduction in loss to $3.73m for the half-year ended 31 December 2024. The company made strategic acquisitions, formed key partnerships, and expanded its AI and XR capabilities during the period. Highlights include the proposed acquisition of generative AI specialist The Digital Box, partnerships with Dell and KIOSK Embedded Systems, and new contracts in the education, healthcare, and retail sectors. Vection also announced leadership changes, with the appointment of Marco Landi as Independent Non-Executive Chair and Cameron Petricevic as Independent Non-Executive Director. The company plans to continue scaling its AI-driven XR solutions, aiming to offer subscription-based models to an expanding international client base.

Vection reported revenue of $12.56m for 1H FY25, an increase of 14.9% compared to the prior corresponding period.

Vection plans to continue scaling its AI-driven XR solutions, aiming to offer subscription-based models to an expanding international client base. Strategic alliances, such as those with Dell, Synergy, and DigiLens, are set to accelerate the adoption of generative AI, 3D visualisation, and immersive capabilities across healthcare, defence, retail, and manufacturing.