• Delivered record half-year Group earnings result in 1HFY26
• Maintaining $20.0m FY26 NPBT target based on work in hand and anticipated awards
• Expanding national footprint and targeting accretive organic and acquisition growth opportunities

Vysarn Ltd delivered a record half-year Group earnings result in 1HFY26, with NPBT of $10.05m, up 92% year-on-year. Revenue increased 63% to $66.81m, while EBITDA grew 71% to $13.87m. The company reaffirmed its FY26 NPBT target of $20.0m, based on its current work in hand and anticipated project awards. Vysarn's Industrial, Advisory, and Technology segments all contributed to the strong 1H performance, with the company expanding its national footprint and targeting accretive organic and acquisition growth opportunities. In the Asset Management segment, the company made progress on the Kariyarra Water Scheme, submitting a detailed hydrogeological assessment (H3 Report) and participating in the Registration of Interest process with Water Corporation. Vysarn highlighted its strong funding capacity, with net tangible assets of $59.1m and cash and cash equivalents of $13.8m, providing material capacity for future growth. The company outlined its plans to continue expanding its service, sector, and geographical diversification in the water industry, while also establishing initial water assets in the Pilbara and expanding its recurring revenue streams.

Vysarn reaffirmed its FY26 NPBT target of $20.0m, representing a 36% increase over FY25 and an 81% increase over FY24.

Vysarn is well-funded and has a broad range of organic and acquisitive growth opportunities that will help drive ongoing long-term, sustainable value for shareholders. The company is targeting year-on-year segment organic growth in CY26, aiming to execute earnings-accretive and scalable acquisitions, advance the Kariyarra Water Scheme, and expand its technology offering and recurring revenue streams. In CY27 and beyond, Vysarn aims to position itself as the preferred national provider of integrated water solutions, continue expanding its service, sector, and geographical diversification, and establish initial water assets in the Pilbara.