VEEM Limited Factory Extension and Trading Update
Key points
- Factory extension construction complete, additional 1,000m2 space
- 3 CNC machines and 3D printer delivered, installation underway
- FY26 revenue expected between $50m and $52m, EBITDA $3.25m to $3.75m
- Significant improvement in defence and marine segments
- Strong balance sheet maintained
Full summary
VEEM Limited, an Australian defence manufacturer, announced the completion of its factory extension, providing an additional 1,000m2 of space. The company has also delivered three CNC machines and a 3D printer, with installation and commissioning processes underway. VEEM expects its FY26 revenue to be between $50m and $52m, with EBITDA between $3.25m and $3.75m. The company anticipates significant improvements in its defence and marine segments, maintaining a strong balance sheet.
Guidance
FY26 revenue expected between $50m and $52m, EBITDA between $3.25m and $3.75m
Outlook
VEEM expects a transition year in FY26 with significant improvements in defence and marine segments, laying the foundation for a stronger FY27.
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