Slide 1: FY25 Annual General Meeting
FY25 Annual General Meeting Veris Limited - ASX:VRS October 2025 A fully integrated digital and spatial data advisory and consulting firm
Slide 2: Acknowledgement of Country
Acknowledgement of Country As we are located across 14 offices and perform our We respect and honour Aboriginal and Torres Strait Islander services at many locations, we acknowledge Aboriginal and Elders past, present and future. We acknowledge the stories, Torres Strait Islander peoples as the trad
Slide 3: Chairman's address
Chairman’s address Karl Paganin, Chairman
Slide 4: Board of Directors
Board of Directors Karl Paganin David Murray Brian Elton Jason Waller Michael Shirley Non-Executive Non-Executive Non-Executive Non-Executive Managing Director Chairman - WA Director - NSW Director - NSW Director - WA & CEO - VIC 4
Slide 5: Veris Update
Veris Update Michael Shirley, MD/CEO Steve Harding, CFO
Slide 6: Veris (ASX:VRS): A fully integrated digital and spatial data advisory and consulting firm
Veris (ASX:VRS): A fully integrated digital and spatial data advisory and consulting firm Company Profile Our Services Our Values 450+ 14 Offices SPATIAL INSIGHTS & SOLUTIONS People across Australia ENGINEERING SURVEY Industry Sectors Transport Utilities Government PROPERTY SURVEY CONSULTING & ADVIS
Slide 7: FY25 Results Summary
FY25 Results Summary A significant turnaround in profitability and key financial metrics, backed by a strong cash position and order book. Revenue Profit before tax Gross Profit Margin Digital & Spatial share of revenue $97.2m $2.0m 36.5% 25% up from $92.6m up from loss of up from 32.6% up from 17%
Slide 8: FY25 Highlights – Building Momentum into FY26
FY25 Highlights – Building Momentum into FY26 Now (FY25 Achievements) Next (FY26 & Beyond) Sustainable profitability: Returned to Digital-led growth: Scaling digital, AI profitability after FY24 loss. products and solutions to meet client demand. Revenue & margin growth: Delivered solid top-line imp
Slide 9: Accelerating Advisory & Digital Growth – Mesh & Parsel
Accelerating Advisory & Digital Growth – Mesh & Parsel Veris has executed a Share Sale Agreement to acquire 100% of Mesh Livable Communities Pty Ltd (“Mesh”), and a 50% equity stake in Mesh’s digital solution business, Parsel. • Mesh is a Melbourne-based specialist planning, urban • Parsel is Mesh’s
Slide 10: Strategic rationale – Mesh & Parsel
Strategic rationale – Mesh & Parsel A Compelling Financial and Market Expansion, Strategic fit Operational Benefits Innovation and Reach • Higher-margin Advisory: • Earnings accretive: expected to • East Coast growth: Expands Accelerates Veris shift toward be earnings accretive in year one Veris’ po
Slide 11: Transform: Executing our Strategy
Transform: Executing our Strategy We’re transforming into a uniquely-positioned professional services firm that is: Digitally differentiated Leveraging cutting-edge digital tools and platforms to deliver smarter, faster, and more scalable solutions. Anchored in spatial data Building on our deep doma
Slide 12: Scaling for Higher-Margin growth
Scaling for Higher-Margin growth Expanding Digital & Spatial + Consulting & Advisory (C&A) Survey remains a core offering, but as a standalone service it’s lower-margin; we create value when we convert spatial data into digital solutions and insights, and provide our clients with integrated consulti
Slide 13: Digital and Advisory: A Cross-Sell Driver for Growth
Digital and Advisory: A Cross-Sell Driver for Growth Advisory Digital Solutions • Digital Advisory • Digital platforms (e.g. RoadSiDE, BridgeSiDe, Parsel) • Planning & Urban Design • Digital twins, GIS, analytics • Property Consulting • Application Development • Environmental Services • Revenue from
Slide 14: Emerging & Future Business Model for Growth
Emerging & Future Business Model for Growth Legacy Business Model Emerging & Future Business Model Consulting Time Consulting Time Digital Solutions & Hours & Hours & Revenue streams Our primary revenue comes This continues to be a core focus on Our digital solutions, developed from our consulting t
Slide 15: Veris Digital Solutions - Investment Rationale
Veris Digital Solutions - Investment Rationale Capture the physical world. Create a trusted digital replica. Apply AI to scale insight. The Problem Our Solution Strategic Value • Siloed, low-trust data across • Reality capture baseline: leading • Margin mix shift to higher-value, planning, delivery
Slide 16: Digital Strategy Momentum
Digital Strategy Momentum Veris’ suite of proprietary cloud-based, AI enabled digital platforms allow clients to easily visualise and interrogate spatial data for their most important assets. Ro Ro Ro adS adS adS iDe iDe iDe Greenfields Live Virtual Asset Rapid 3D A Connected Virtual Asset Interacti
Slide 17: Digital Solutions: Featured Products
Digital Solutions: Featured Products RoadSiDe The Ultimate Solution for The Smarter Way to Virtually Inspect Road Asset Management Bridges, Dams and Infrastructure Watch Video: Watch Video: https://vimeo.com/1128074623?share=copy&fl=sv&fe=ci https://vimeo.com/user142352222/bridgeside?share=copy 17
Slide 18: FY25 Financial Update
FY25 Financial Update
Slide 19: Execution of Strategic Transformation Driving Profitability
Execution of Strategic Transformation Driving Profitability Veris P&L $M Highlights FY21 FY22 FY23 FY24 FY25 ✓ 5% revenue growth yoy. Revenue 77.4 92.4 100.9 92.6 97.2 ✓ Gross profit margin expansion continuing Gross Profit Margin % 28.9% 30.4% 31.4% 32.6% 36.5% ‒ Larger clients, higher value projec
Slide 20: High Value Projects. Stronger Margins. Strategic Investment
High Value Projects. Stronger Margins. Strategic Investment Revenue & Gross Profit Margin % 110 38.0% 36.5% 100 36.0% Highlights ✓ Larger clients, larger projects, less volume of projects Gross Profit Margin % 90 34.0% Revenue ($m) 80 delivering gross profit margin % expansion 32.6% 32.0% 70 31.4% ‒
Slide 21: Higher quality revenues delivering stronger cash conversion
Higher quality revenues delivering stronger cash conversion Cash Flow Conversion ▪ Improving cash flow from operations reflecting: Improving Operating Cash Flow Conversion – Higher project margin delivery 110 10.0% – Strong focus on working capital management 100 Operating Cash Flow ratio % 9.0% 90
Slide 22: Strong Capital Base and Balance Sheet
Strong Capital Base and Balance Sheet Overview Balance Sheet Jun25 Jun24 ▪ Stable balance sheet and capital position Cash 16.6 16.1 – $16.6m cash balance. Debtors & WIP 20.3 18.6 ▪ Strong operational cashflow conversion resulted in P,P&E 8.0 8.9 increased cash balance after factoring in outlays in F
Slide 23: Business Update – FY25
Business Update – FY25
Slide 24: Health & Safety
Health & Safety Zero Harm Culture Our commitment to safety is embedded in our values, culture, and every project we deliver. Safety Culture Evolution Shifted focus from compliance to personal ownership and emotional responsibility in safety. Recordable Injury Reduction Our TRIFR dropped from 12.18 t
Slide 25: Indigenous Participation
Indigenous Participation Proud, ongoing alliance with majority Indigenous-owned surveying & spatial firm • Focused on supporting Wumara’s growth and expansion - in the past 12 months: o Expanded into South East Queensland o Welcomed 6 new team members o Delivered major infrastructure & property proj
Slide 26: People, diversity & inclusion
People, diversity & inclusion Investing in talent to build tomorrow’s leaders Relaunched Young Professionals Program as a 24-month journey • Greater support, diverse project experience, stronger career foundations. • Welcomed 9 new participants - 55% women. • Addressing gender imbalance & industry s
Slide 27: Pipeline & Outlook
Pipeline & Outlook
Slide 28: Outlook
Outlook Veris has a leading client base aligned to diverse industry sectors with a strong growth outlook. Property & Energy & Transport Government Utilities Defence Buildings Resources SAM* $220M $150M $280M $110M $100M $210M CAGR^ 9.5 - 11% 8 – 9.5% 7.5 – 8.5% 10 – 12% 14 – 16% 12 – 14% Key Clients
Slide 29: Pipeline
Pipeline A growing pipeline and secured forward workload exceeding $65M. The secured forward workload has increased to over $65 million, providing a strong foundation of committed work to be delivered over the medium to long term. Secured workload has been strengthened by significant project wins in
Slide 30: Q1 Update
Q1 Update
Slide 31: Q1 FY26 Trading Update
Q1 FY26 Trading Update Strong organic financial performance allowing transformation via Digital strategy (Results Summary - FY22 FY23 FY24 FY25 Q1 FY24 Q1 FY25 Q1 FY26 Q1 Unaudited) Revenue ($m) 92.4 100.9 92.6 97.2 24.9 24.3 26.2 EBIT Margin % 1.4% 1.8% (2.6%) 2.5% 2.5% 2.9% 3.6% Profit Before Tax
Slide 32: In summary
In summary Strong Turnaround Cash Strength Returned to profitability with $2.0M profit Robust cash balance of $16.6M. Positioned before tax, reversing FY24’s $4.4M statutory to support future initiatives and capital loss, whilst still investing in strategy. management flexibility. Continued Investme
Slide 33: Thank you
Thank you A fully integrated digital and spatial data advisory and consulting firm. AGM October 2025 veris.com.au Connect with us on LinkedIn