Key points
- Earnings inflection confirmed: Adjusted EBITDA +596% to $3.8m
- First positive operating cash flow achieved
- Dual platform engines reaching commercial scale
Full summary
Vection Technologies Ltd (ASX:VR1) reported its preliminary unaudited financial results for the full year ended 30 June 2026, marking a significant earnings inflection point. The company delivered revenue growth of 16% to $42m, expanded Adjusted EBITDA by 596% to $3.8m, and generated positive operating cash flow of $959k for the first time in its history. The underlying EBITDA reached $6.0m. These results are underpinned by two commercial engines now operating at scale: multi-year contracted programs generating structured order flow over multiple years and the Algho AI platform, which secured contracts across more than ten enterprise verticals during the year. The company also strengthened its balance sheet, with net assets more than doubling to $33.9m, following a $21m institutional placement.
Guidance
FY26 Revenue: $42m; FY26 Adjusted EBITDA: $3.8m; FY26 Operating Cash Flow: $959k
Outlook
Vection Technologies enters FY27 with a substantial contracted pipeline, a strengthened balance sheet, and two platform engines operating at commercial scale. The company's strategic priorities for FY27 include further conversion of the defence framework into delivered revenue, acceleration of Algho AI across European, APAC, and U.S. markets, and integration of DXLabs to generate APAC EBITDA contribution.