• Milestone operating net cash flow positive result in historically weakest quarter
• 60% half-on-half revenue increase, with recurring revenue now 34% of total
• Secured $31.6m in revenue for FY25, including $4.4m from TDB acquisition

Vection Technologies reported strong financial and operational performance in Q2 FY25, with milestone positive operating cash flow, 60% revenue growth, and 34% recurring revenue. The company continued to integrate AI capabilities from its TDB acquisition, adding over 3,000 customers and 100 resellers. Key highlights include the launch of the AI-based 'Algho' platform with Dell, securing deals worth $1.6m, $0.7m, and $0.5m, as well as a $3.6m XR deal for schools, a $1.8m defence contract, and a $1.6m distribution agreement with SolidWorld for the EMEA region. The company also appointed former Apple COO Marco Landi as Independent Non-Executive Chair and Cameron Petricevic as an Independent Non-Executive Director to strengthen governance and strategic oversight. Vection is focused on expanding AI and XR solutions across enterprise, government, and education sectors, leveraging collaborations to broaden market access and enhance recurring revenue through subscription-based services.

Pro-forma unaudited revenue for 1H FY25 reached $17.4m, including a $4.4m contribution from the TDB acquisition. Recurring revenue now constitutes 34% of total revenue, up from ~10% in FY24.

Vection is committed to fostering growth via strategic collaborations, technological advancements, and expanding market presence in the enterprise, government, and education sectors. The company aims to leverage partnerships with Dell, SolidWorld, and DigiLens to broaden market access and enhance recurring revenue through subscription-based services.