Verbrec Ltd
ASX:VBC
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Verbrec Ltd
ASX:VBC
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AU |
Verbrec Ltd
Verbrec Ltd. is an engineering and operations services company. The company is headquartered in Brisbane, Queensland. The company went IPO on 2007-12-11. The firm provides engineering, operations and training services to the mining, energy, and infrastructure sectors. The firm operates through brands, including OSD Pipelines (OSD), LogiCamms and Competency Training (CT). OSD is an engineering, operations and commercial services provider, which offers full lifecycle services for pipelines from inception through route selection, approvals design, procurement, construction and/or construction management, commissioning, integrity assessment, asset management and operations. LogiCamms provides engineering, project delivery, asset management, operations and training solutions to clients in industries, such as hydrocarbons, renewables, mining, water, power, and infrastructure. CT is a provider of site training and enabler of workforces.
Verbrec Ltd. is an engineering and operations services company. The company is headquartered in Brisbane, Queensland. The company went IPO on 2007-12-11. The firm provides engineering, operations and training services to the mining, energy, and infrastructure sectors. The firm operates through brands, including OSD Pipelines (OSD), LogiCamms and Competency Training (CT). OSD is an engineering, operations and commercial services provider, which offers full lifecycle services for pipelines from inception through route selection, approvals design, procurement, construction and/or construction management, commissioning, integrity assessment, asset management and operations. LogiCamms provides engineering, project delivery, asset management, operations and training solutions to clients in industries, such as hydrocarbons, renewables, mining, water, power, and infrastructure. CT is a provider of site training and enabler of workforces.
Transformational Acquisition: The Alliance Automation deal is expected to add $60 million in annualized revenue, significantly expanding Verbrec’s capabilities and reach.
Revenue Growth: Revenue for the half reached $46.1 million, up 18% compared to the prior period.
EBITDA Performance: Continuing operations EBITDA was $4 million for the half; total rises to $11.3 million including profit from the Competency Training divestment.
Strong Balance Sheet: Net cash position is $11.6 million, with available cash over $21 million, supporting further growth and acquisitions.
Raised Outlook: Full-year 2026 revenue is forecast at $110–$120 million, with EBITDA expected between $15.3 million and $17.3 million.
Dividend: A fully franked dividend was approved again.
Pipeline Expansion: Work-in-hand and opportunity pipelines have grown by over 75% and 50% respectively since early FY25.
