H1 FY2026 Results Presentation
Released
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DISCLAIMER
This presentation contains certain statements and forecast provided by or on behalf of Verbrec Limited. Any forward-looking statements reflect
various assumptions by or on behalf of Verbrec. Accordingly, these statements are subject to significant business, economic and competitive
uncertainties and contingencies associated with the business of Verbrec which may be beyond the control of Verbrec which could cause actual
results or trends to differ materially, including but not limited to competition, industry downturns, inability to enforce contractual and other
arrangements, legislative and regulatory changes, sovereign and political risks, ability to meet funding requirements, dependence on key
personnel and other market and economic factors. Accordingly, there can be no assurance that any such statements and forecasts will be realised.
Verbrec makes no representations as to the accuracy or completeness of any such statements or forecasts or that any forecasts will be achieved
and there can be no assurance that any forecasts are attainable or will be realised.
Additionally, Verbrec makes no representation or warranty, expressed or implied, in relation to, and no responsibility or liability (whether for
negligence, under statute or otherwise) is or will be accepted by Verbrec or by any of its directors, shareholders, partners, employees, or advisors
(Relevant Parties) as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied)
arising out of, contains in or derived from this presentation or omission from this presentation or of any other written or oral information or opinions
provided now or in to the future to any interested party or its advisors. In furnishing this presentation, Verbrec undertakes no obligation to provide
any additional or updated information whether as a result of new information, future events, results or otherwise.
Except to the extent prohibited by law, the Relevant Parties disclaim all liability that may otherwise arise due to any of this information being
inaccurate or incomplete. By obtaining this document, the recipient releases the Relevant Parties from liability to the recipient for any loss or
damage which any of them may suffer or incur arising directly or indirectly out of or in connection with any use of or reliance on any of this
information, whether such liability arises in contract, tort (including negligence) or otherwise.
This document does not constitute, and should not be construed as, either an offer to sell or a solicitation of an offer to buy or sell securities. It
does not include all available information and should be used in isolation as a basis to invest in Verbrec.
2
KEY
HIGHLIGHTS
Alliance Automation acquired. Expected to contribute $60m annual revenues to the group.
Net Cash increased from $2.3 million (H1 FY2025) to $11.6 million (H1 FY2026).
Revenue increased to $46.1m on a continuing operations basis, up from $38.9 million in the prior
corresponding period.
EBITDA $4.0m on a continuing operations basis, up from $1.7 million in the prior corresponding period.
Work in hand grown by over 75% to $71 million (H1 FY2025: $40 million)
Opportunity pipeline grown by over 50% to $203 million (H1 FY2025: $131 million)
3
WHO IS VERBREC
CORE
SECTORS
6
GROWTH
MARKETS
4
PURPOSE
1 Verbrec enables a Sustainable Future for our clients and their customers.
Gas Market
Transition
Electrification &
Energy Storage
Cyber Security for
Operational
Technology
Industrial
Automation &
Machine Learning
Defence
Sustainable
Energy
Modernised
Infrastructure
Efficient
Mining
Water
Security
Smart
Manufacturing
4
VERBREC BRANDS
Industrial Automation Solutions
Digital Transformation
Operational Technology
Cyber Security
Machine Learning & Artificial
Intelligence
Multi-discipline engineering
Power, Electrical, Process Plant and
Pipelines
Project Management & EPCM
EPC Construction where our
engineering adds value
Multi-year operations and
maintenance contracts
Gas pipelines, compression and
process plant
EPC Construction
Operates over 2000KM of pipelines
in Australia
Maintenance and reliability
engineering
Strategic advisory
Asset integrity
Materials, Inventory & Spares
Operational readiness
Digital twin for stockyards
Licensed Software
Ongoing support
Consultancy & Studies
Used at every BHP iron ore mine and
port in WA
Verbrec enables a Sustainable
Future for our clients and their
customers.
5
Asset
Management
1 2 3 4 5 6
Verbrec’s Partnership Model
Adding value to every stage in the lifecycle of an asset
Operations
Construction
Automation &
Control
Engineering
Advisory
Delivering innovative
engineering solutions,
adding value, reducing
capital investment and
optomising asset
returns.
Positioning to partner
with Relationship
Clients early to
conduct critical studies
and inform technical
selection to final
investment decision.
Cutting edge industrial
automation,
operational technology,
cyber security and
machine learning
solutions for asset
efficiency & security.
Enhancing client
outcomes throughout
construction.
Where our engineering
adds value, we partner
to provide turn-key
construction solutions.
Verbrec operate gas
pipelines, electrical
infrastructure and
operational technology
across Australia.
Specialising in
operational readiness
and extension of life
programs, helping our
clients get the most out
of their assets.
LIFECYCLE OF AN ASSET
Verbrec Brands
6
FINANCIAL HIGHLIGHTS H1 FY2026
$46.1 million
Revenue
(Continuing Operations)
H1 FY2025: $38.9m
$4.0 million
EBITDA
(Continuing Operations)
H1 FY2025: $1.7m
$11.6 million
Net Cash (Cash less borrowings)
H2 FY2025: $2.3m
H2FY24 H1FY25 H2FY25 H1FY26
$36
$40
$44
$48
H2FY24 H1FY25 H2FY25 H1FY26
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
H2FY24 H1FY25 H2FY25 H1FY26
$0
$0
$4
$8
$12
7
FINANCIAL RESULTS H1 FY2026
CONTINUING OPERATIONS
PROFIT & LOSS
($’000)
31-DEC
2025
31-DEC
2024
Revenue 46,137 38,905
Gross Profit 15,343 13,359
Gross Margin (%) 33.3% 34.3%
EBITDA 4,034 1,674
EBITDA Margin (%) 8.7% 4.3%
DISCONTINUED OPERATIONS
& DIVESTMENT BRIDGE
($’000)
31-DEC
2025
Consideration received for divestment of Competency Training
Carrying amount of assets and liabilities disposed
Carrying amount of goodwill disposed
Costs incurred from sale of business
FX reclassification
11,236
(516)
(3,827)
(93)
(37)
Gain from sale of business 6,763
Profit from discontinued business operations in H1 FY2026
Discontinued operations Tax Expense
Discontinued operations Finance Expense
Discontinued operations Depreciation & Amortisation
300
-
54
192
DISCONTINUED OPERATIONS EBITDA 7,309
CONTINUING OPERATIONS EBITDA 4,034
GROUP EBITDA H1 FY2026 11,343
8
FINANCIAL RESULTS H1 FY2026
BALANCE SHEET
($’000)
31-DEC
2025
30-JUN
2025
Total Current Assets 49,985 26,017
Total Non-Current Assets 24,855 23,391
Total Current Liabilities 30,218 18,728
Total Non-Current Liabilities 11,774 6,838
Share Capital 28,905 28,289
Reserves 1,082 1,362
Retained Earnings 2,861 (5,809)
Total equity 32,848 23,842
CASH FLOWS
($’000)
31-DEC
2025
31-DEC
2024
Net cash inflow / (outflow) from operating activities 3,984 985
Net cash inflow / (outflow) from investing activities 6,788 (305)
Net cash inflow / (outflow) from financing activities 3,324 (680)
Net increase / (decrease) in cash and cash equivalents 14,096 -
Cash and cash equivalents at beginning of the year 7,137 4,618
Effects of exchange rates on cash and cash
equivalents
(165) (70)
Cash and cash equivalents at end of the half-year 21,068 4,548
9
FY2026 RANGE ESTIMATE
& OPPORTUNITY PIPELINE
$110m - $120m
FY2026 Revenue
Range Estimate
(Continuing Operations)
$8m - $10m
FY2026 EBITDA Margin
Range Estimate
(Continuing Operations)
$203m
Opportunity Pipeline
As at 31 December 2025
YTD Tender Win Rate = 33.9%
$71m
Work in Hand
As at 31 December 2025
Revenue
Range Estimate
EBITDA
Range Estimate
ALLIANCE AUTOMATION
ACQUISITION
Alliance Automation acquired in December 2025.
Provides Verbrec with capability in digital transformation in high growth sectors including Industry 4.0,
Software Defined Automation, Cyber Security and Artificial Intelligence
Industrial automation demand increasing due to needs for efficiency, safety and smart factories, driven
by labour cost reductions and agile manufacturing.
The combined group has opportunities to expand revenues through cross-selling to a common client
base.
Additional geographic reach will produce opportunities for growth and synergistic cost reduction.
Verbrec aims to increase revenues, enhance project delivery and reduce cost of goods sold to bring the
combined group’s EBITDA margin to 8.0% - 10.0%.
11
VERBREC GROWTH
STRATEGY
Organic Growth
Cross-selling, Untapped geographic expansion opportunity, Industry tailwinds
Capability Expansion
Partnerships with technology leaders, Strategic recruitment, Employee upskilling and training
Financial Discipline
Track record of improving margins, Staged plan to increase Alliance Automation profitability
Strategic Acquisitions
Geographic expansion, Bolt-on capability, Technological capability expansion
12
INDUSTRY SECTOR EXPANSION
Verbrec Alliance Automation
Calendar
Year
Revenue
($m)
13
KEY
HIGHLIGHTS
Alliance Automation acquired. Expected to contribute $60m annual revenues to the group.
Net Cash increased from $2.3 million (H1 FY2025) to $11.6 million (H1 FY2026).
Revenue increased to $46.1m on a continuing operations basis, up from $38.9 million in the prior
corresponding period.
EBITDA $4.0m on a continuing operations basis, up from $1.7 million in the prior corresponding period.
Work in hand grown by over 75% to $71 million (H1 FY2025: $40 million)
Opportunity pipeline grown by over 50% to $203 million (H1 FY2025: $131 million)
14
BOARD AND KEY MANAGEMENT PERSONNEL
TOTAL BOARD & KMP % SOI 24.78
CAPITAL STRUCTURE
ASX Stock Code VBC
H1 FY2026 Revenue
(Continuing Operations)
$46.1m
Cash & Cash Equivalent Balance
(as at 31 December 2025)
$21.1m
Shares on Issue 306.2m
Share Price
(as at 20/02/2026)
$0.21
Market Capitalisation
(as at 20/02/2026)
$64.3m
SUBSTANTIAL SHAREHOLDERS
Shareholder
(As at 20/02/2025)
Shares
held
(% SOI)
Brian Patrick O’Sullivan 21.16
Thorney Holdings Pty Ltd & TIGA
Trading Pty Ltd
16.75
Candyblossom Pty Ltd & Bloemhof
Pty Ltd
13.19
DMX Asset Management Ltd 6.04
TOTAL 57.14
TOP 20 SHAREHOLDERS 66.71
H1 FY2026
Corporate Snapshot
INTERIM DIVIDEND SUMMARY
Total approved dividend
(cents per share)
0.1
Fully Franked at 30% YES
Record Date for determining
entitlement to dividend
31 MARCH 2026
Date dividend is to be paid 21 APRIL 2026
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management, join Verbrec’s Investor Hub
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