• Returned to profitability with $2.0M profit before tax
• Continued strategic investment in M&A, digital platforms, and high-demand skill sets
• Digital and spatial advisory now contribute over 25% of total revenue

Veris Limited has delivered a strong turnaround in FY25, returning to profitability with $2.0M profit before tax and reversing the $4.4M statutory loss in FY24, while still investing in its strategic transformation. The company continues to invest in M&A, digital platforms, and high-demand skill sets, deepening its integrated service offering and accelerating growth. Digital and spatial advisory now contribute over 25% of total revenue, reflecting strong traction and market adoption. Veris has also maintained a robust cash balance of $16.6M, positioning the company to support future initiatives and provide capital management flexibility. The company has declared a full-year dividend of 0.2 cents per share and an ongoing share buyback program. Gross margin has expanded significantly, driven by a disciplined pivot away from low-margin legacy contracts toward high-value digital, consulting, and advisory projects.

Veris expects to generate over $6m of revenue on an annualised basis from the acquisition of Mesh Livable Communities Pty Ltd and a 50% equity stake in Mesh's digital solution business, Parsel.

Veris is transforming into a uniquely-positioned professional services firm that is digitally differentiated, anchored in spatial data, value-driven, and diversifying its revenue streams. The company is scaling its digital and spatial services, deepening its consulting and advisory expertise, and pursuing targeted M&A opportunities to accelerate its strategic execution.