Appendix 4D and HY26 Results Commentary

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Stock Vysarn Ltd (VYS.ASX)
Release Time 24 Feb 2026, 8:08 a.m.
Price Sensitive Yes
 Vysarn Ltd reports record half-year earnings
Key Points
  • Revenue from operations $66.81 million
  • EBITDA $13.87 million
  • NPBT $10.05 million
  • Strong performance across all segments
  • Expansion into new markets and sectors
Full Summary

Vysarn Limited (ASX:VYS) has announced its financial results for the six months to 31 December 2025 (1HFY26), reporting a record half of earnings for the company. The group's results for 1HFY26 include revenue from operations of $66.81 million, EBITDA of $13.87 million, and NPBT of $10.05 million. The company's segments performed broadly in-line with management's expectations, with the industrial segment producing a record half of earnings, the advisory segment expanding its geographical footprint, and the technology segment mitigating an anticipated earnings skew with the late award of projects. The asset management segment also made progress in the development of the Kariyarra Water Scheme. Looking ahead, the company is well-positioned to replicate its first-half earnings and execute on organic and acquisitive growth initiatives to drive further earnings growth in FY27.

Guidance

The company is targeting a full year FY26 NPBT of $20.0 million based on the current line of sight of work on hand and anticipated award of work across multiple segments.

Outlook

The company remains focused on growing a fundamentally driven business that continues to expand earnings per share through a combination of ongoing organic growth initiatives and the disciplined acquisition of earnings-accretive businesses. The asset management segment will also continue to progress the development of its first asset.