Verbrec Limited (ASX:VBC) provides engineering, asset management, operations and maintenance, and training to the energy, mining, infrastructure and defence industries in Australia, New Zealand, PNG and the Pacific Islands.
The company has released its FY25 full-year result delivering revenue of $85.6m (in-line with RaaS’s forecast of $85.4m) and EBITDA (underlying) of $8.8m (11.4% ahead of RaaS’s forecast).
The EBITDA upside surprise was driven by stronger-than-expected gross margins in both the Engineering and Training businesses, and ongoing cost discipline.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.