• Delivered NPBT CAGR of 100%+ over past 3 years
• Recent acquisitions provide platform for further earnings growth
• Targeting pro forma $19.29m NPBT annualised run-rate

Vysarn Limited, a leading provider of water services and infrastructure across Australia, delivered a strong 1HFY25 performance despite navigating headwinds and conservatism within the WA resource sector. The company's NPBT of $5.24 million exceeded guidance, underlining the success of its business diversification strategy. Key highlights include the completion of two strategic acquisitions - Waste Water Services and CMP Consulting Group - which have provided a platform for national growth of Vysarn's Technology and Advisory divisions. The company is targeting a pro forma $19.29 million NPBT annualised run-rate, established during the acquisition due diligence phase. Vysarn's Industrial division, comprising Pentium Hydro and Pentium Test Pumping, remains in high demand, with the company forecasting higher utilization in 2HFY25 driven by the addition of new tier-1 iron-ore clients. The Advisory division, including Pentium Water and CMP Consulting Group, is poised for national growth opportunities, with CMP providing a material beachhead on the east coast of Australia. The Technology division, encompassing Project Engineering and Waste Water Services, is targeting national growth, benefiting from the integration of Waste Water Services and the adoption of managed aquifer recharge technology. Overall, Vysarn is well-positioned to deliver material upwards earnings skew in 2HFY25 and continue its strong growth trajectory.

Vysarn is targeting a pro forma $19.29 million NPBT annualised run-rate, established during the acquisition due diligence phase, for FY25.

Vysarn's outlook remains positive, with the company forecasting higher utilization in 2HFY25 driven by the addition of new tier-1 iron-ore clients in its Industrial division. The company is also poised for national growth opportunities in its Advisory and Technology divisions, benefiting from recent acquisitions and the adoption of innovative water management solutions.