Slides
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1 Annual General Meeting 2026
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2 Acknowledgement of Country As we are located across 14 offices and perform our services at many locations, we acknowledge Aboriginal and Torres Strait Islander peoples as the traditional owners and custodians of this land and the places on which we live and work. We respect and honour Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living cultures of Aboriginal and Torres Strait Islander peoples on this land and commit to building a brighter future together. ARTIST ACKNOWLEDGEMENT DANA GARLETT
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3 Chairman’s Address Karl Paganin, Chairman
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4 Board of Directors Karl Paganin Non-Executive Chairman - WA David Murray Non-Executive Director - NSW Brian Elton Non-Executive Director - NSW Jason Waller Non-Executive Director - WA Michael Shirley Managing Director & CEO - VIC
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5 Veris Update Michael Shirley, MD/CEO Steve Harding, CFO
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6 Trusted partners to our clients; our technical expertise, delivered via our consulting & advisory services and proprietary analytic platforms, solve complex challenges around asset-specific spatial problems. Veris (ASX:VRS) An integrated digital & spatial data advisory and consulting firm. INDUSTRY SECTORS PEOPLE 450+ OUR BUSINESS UNITS 14 OFFICES ACROSS AUSTRALIA COMPANY PROFILE OUR VALUES CONSULTING & ADVISORY SURVEY SPATIAL INSIGHTS & SOLUTIONS PROPERTY & BUILDINGS UTILITIES DEFENCE TRANSPORT GOVERNMENT ENERGY & RESOURCES
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7 Our strategic transformation From a Survey business to an integrated Digital and Spatial Data Advisory and Consulting Firm. Veris was built as a national survey business. We are transforming into a fully integrated digital and spatial data advisory and consulting firm, with spatial data at the core. National Survey Business Our foundation, and the starting point for our transformation. Professional Services Approach Focusing on key clients and pursuits, consulting, and providing smart solutions to client problems. Digital Value & Innovation Growing digital revenue through innovation, including digital products and solutions that keep data working for clients. A Fully Integrated Digital and Spatial Data Advisory and Consulting Firm Four service areas built around spatial data, delivering end-to- end solutions.
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8 Our Strategy Our Strategy We’re transforming into a spatial data advisory firm with a growing digital revenue stream. Digital point of difference Embed advanced digital tools and platforms across Veris’ professional services to deliver smarter, faster and more scalable solutions for clients. Anchored in spatial data Build on our deep domain expertise and spatial data assets to deliver unique insights and value. Value-driven Shift from commoditised pricing and volume to value-based pricing models that reflect the strategic impact of our work. Diversified revenue Expand beyond traditional survey services into consulting, advisory and digital solutions to open new, higher margin revenue streams. Strong Capital Management Preserve capital strength through disciplined, accretive M&A and deliver consistent shareholder returns.
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9 Scaling for Higher-Margin Growth Growing the core business through organic growth and targeted M&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 consulting and advisory across the asset lifecycle. Targeted M&A accelerates each pillar, moving us up the value chain from price-taker to problem-solver. M&A Accelerating each growth pillar ✓ Pursue accretive acquisitions. ✓ Accelerate strategy. ✓ Integration approach through proven track record. ✓ Ongoing pipeline of accretive M&A under review. Deepen C&A expertise Capability capacity build. Secure early-stage project roles (move upstream). Optimise digital delivery. Mesh acquisition adding significant C&A expertise and capacity. Digital Advisory & Environmental skillsets strengthened. Growing government advisory pipeline. Trusted advisor on digitalisation policy. Scale digital & spatial Advise clients through data insights and analytics. Embed digital-first model on projects. Monetise data, not just time. Spatial Vision accelerating spatial consulting capability. D&S revenue up to 28%, from 17% two years ago. App development team delivered strong revenue growth during the period. Digital revenue streams Octave Geospatial Products. Drive proprietary solution uptake. Different revenue streams and higher margins. Octave partnership adding recurring revenue. 50% interest in Mesh-Dash, developer of the Parsel digital platform. Revenue quality upgrade. Stickier client relationships. Key sector focus Strong positioning across diverse and high-growth industry sectors. End-to-end capability spanning the full lifecycle. Agreed to acquire Aurecon’s survey operations, with a three-year national agreement providing access to Water, Defence, Energy and Infrastructure markets. Positioned for structural, multi-year investment across all four sectors. StrategyOutcomes
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10 Advisory + Digital: A Cross-Sell Driver for Growth Advisory insights fuel digital solutions, while digital engagements open doors for strategic advisory. Cross-sell Opportunities Create Scalable Growth Digital platforms such as: RoadSiDe BridgeSiDe Parsel Digital twins GIS & analytics Application Development Revenue from analytics, licensing, subscriptions & managed services Digital Advisory Planning & Urban Design Survey & Property Consulting Environmental Services Revenue from project-based advisory & government contracts Digital SolutionsAdvisory Recurring Revenue & Margin Expansion Our integrated model generates recurring revenue streams from digital platforms while enabling higher-margin advisory engagements - driving sustainable profitability. Client-Centric Innovation Veris doesn’t just sell tools or advice - we build adaptive solutions that evolve with client needs, deepening relationships and increasing client stickiness.
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11 Digital Solutions: Built by Veris, Proven in the Field Rapid 3D Optioneering for Master Planning Visualisation Virtual Asset Inspections for Bridges and Infrastructure Interactive, Automated AI Driven Dilapidation Reports A Connected Digital Replica of a Physical Asset Calculate Infrastructure Levies, Compare Scenarios, Customisable Greenfields Live Updates and Document Repository Virtual Asset Condition Assessment for Roads Veris’ suite of proprietary cloud-based, AI enabled digital platforms allow clients to easily visualise and interrogate spatial data for their most important assets. DEVELOPED | TESTED | IN-MARKET | GAINING TRACTION
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12 Octave Distributorship: A New Recurring Revenue Engine Veris appointed authorised Geospatial Distributor across Australia and New Zealand for Octave, a NASDAQ-listed software intelligence business. $1.2m Initial annual recurring revenue base for Veris circa $1.2m per annum from geospatial software sales and support. 4,500+ Existing Octave customers globally across geospatial & imagery software. Potential for Veris to scale annual revenues significantly from this initial base. Strategic significance Capital-light, high-margin recurring revenue that deepens Tier-1 relationships and creates a pathway to scale annual revenues significantly beyond the initial base, subject to market adoption and execution. US$1.1B+ Octave's existing global annual recurring software revenue. Expected to drive demand for Veris’ implementation, systems integration, data, consulting and advisory services. MULTI -STREAM GROWTH LEVERS 1 Software sales, licensing and support renewals Recurring subscription revenue as existing customer accounts transition to Veris. 2 3 Consulting, training & implementation Revenues derived from bespoke consulting and training delivery engagements. 4 Cross-sell into Veris’ existing service offering Access to an existing customer base of Tier 1 industry and government body clients in key target sectors. Tier 1 customer base
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• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Click to edit Master text styles 13 Spatially-enabled applications built on location and geospatial data. Acquired via the Spatial Vision M&A, this capability is now part of Veris' Digital Solutions offering. Application Development: A Cross-Section of Capability Public Safety & Emergency Services Digital operational reference tools. Mobile-first field access for crews. Health & Community Services Simplified access to care services. User-friendly public-facing platforms. Environmental Monitoring & Compliance Real-time environmental monitoring Citizen science & public reporting Regulatory compliance workflows Agriculture & Climate Resilience Climate & production impact modelling. Carbon accounting platforms. Supply chain traceability tools. Fisheries & Natural Resource Management Digital catch & quota reporting. AI-assisted species identification. Transport & Infrastructure Data Capture Mobile-first field data capture. GPS-enabled asset inspection. Selected examples span government and industry clients across Australia. Not an exhaustive list of Veris' application development portfolio.
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14 Digital Advisory: Building Profile in Government Markets Elevating Veris as a Trusted Advisor to Government Agencies. As government agencies navigate digitalisation and data policy reform, Veris' Digital Advisory team is building profile, thought leadership and early-stage engagement across priority sectors, converting awareness into a growing advisory pipeline. Capability & Expertise A specialist digital advisory skillset built to support government and industry clients. Sector Engagement Targeted engagement across infrastructure, transport, community and utilities agencies. Policy Alignment Supporting agencies to translate digitalisation and data policy mandates into practical delivery. Advisory Conversion Converting early-stage awareness into advisory conversations and pipeline. Growing Recognition as a Trusted Advisor ✓ Deeper relationships with priority government agencies. ✓ Stronger digital advisory pipeline and conversion. ✓ Reinforces Veris' leadership in digital advisory. Reflects Veris' ongoing engagement with government agencies; outcomes described are directional and not indicative of confirmed contract value.
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15 The Mesh and Veris teams are now co-located and already collaborating across key clients and opportunities, in multiple geographies, accelerating the execution of this strategy in-market. Integration of Mesh’s advisory skillsets and Parsel technology now delivering in live projects. M&A: Accelerating Advisory & Digital Growth • Accelerates higher-margin Consulting & Advisory growth by adding specialist planning, urban design and landscape architecture capability. • Parsel adds a scalable, subscription-based recurring revenue stream to Veris’ digital portfolio, complementing consulting services and reinforcing the strategy. • Unlocks further potential for integrated consulting and advisory engagements that span planning, urban design, survey, digital advisory and platforms. • Expands addressable markets and clients through a diversified client base across government, developers and advisors, and deeper exposure to east-coast property, planning and urban renewal markets.
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16 Aurecon Transaction: A Ready-Made Growth Engine Expected to be earnings accretive in its first year, FY27. Veris is acquiring an operating survey business: an experienced team, ongoing projects and guaranteed revenue, plus preferred access to Aurecon's projects in Water, Defence, Energy and broader Infrastructure. Revenue from Day One Ongoing projects transfer at completion, with a guaranteed minimum of $4.5m revenue in the first 12 months. Ready-Made Team Approx. 30 experienced survey and spatial data professionals, delivering from completion, primarily on the east coast. Exclusive Access Three-year national partnership with first right of refusal on survey work across Aurecon's Australian projects. Growth Runway Annual revenue opportunity of approx. $6m to $7m after year one, with further growth potential. Accretive and Disciplined ✓ Expected to be earnings accretive in FY27. ✓ Higher-margin delivery opportunities. ✓ $2.5m consideration, incl. approx. $1.2m assumed entitlements. ✓ No earn-out; funded from existing cash and operating cash flows. Completion expected early November 2026, subject to conditions precedent. Revenue above the guaranteed first-year minimum is an expectation. Source: ASX announcement, 1 October 2026.
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17 Financial Update
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18 FY26 Financial Highlights REVENUE $102.0m Representing 4.9% growth year-on-year UNDERLYING EBITDA $10.3m 2.8% increase on $10.1m in pcp CASH BALANCE $13.3m Providing balance sheet strength and underpinning strategy SECURED FORWARD WORKLOAD $65m Demonstrating robust forward revenue visibility WEIGHTED PIPELINE >$200m Medium to long term opportunities Revenue growth, profitability, increasing order book and strong cash position. DIGITAL & SPATIAL SHARE OF REVENUE 28% Up from 25% in FY25 and 17% in FY24 UNDERLYING PBT $2.2m 2.2% margin vs 2.7% in pcp solutions… PROPRIETARY DIGITAL SOLUTIONS DEVELOPED 7 AI-enabled platforms, built in-house and commercialised over last 3 years
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19 Year ended ($M) FY26 FY25 Revenue 102.0 97.2 Statutory EBIT 1.4 2.5 Statutory EBIT Margin % 1.3% 2.5% Statutory PBT 0.6 2.0 Add Back: One-off/ Non-Cash Expenses* 1.6 0.6 Underlying EBITDA 10.3 10.1 Underlying EBITDA Margin % 10.1% 10.3% Underlying PBT 2.2 2.6 Underlying PBT Margin % 2.2% 2.7% Underlying EBITDA of $10.3 million, an increase of 2.8% vs prior year, highlighting resilience in underlying earnings. FY26 represented a tale of two conflicting thematics: • Continuing strong revenue growth in Digital & Spatial solutions and Consulting & Advisory services; offset by • Challenging conditions and macroeconomic headwinds impacting traditional cadastral and engineering survey markets. Management responded proactively: • Restructuring and pivoting approach in challenged markets. • Preserving capital strength and maintain profitability. Underlying PBT of $2.2 million vs Reported PBT of $0.6 million, after normalising for non-recurring/ non-cash items relating to: • M&A costs. • Restructuring & office relocation costs. • Costs of assessing improved enterprise resourcing and project management systems; and • Amortisation of R&D and acquisition-related intangibles. FY26 Results Summary * Comprise M&A costs, enterprise system assessment costs, amortisation of acquisition-related intangibles, relocation and restructuring costs 2026 REVENUE of $102 million 4.9% growth on FY25 DIGITAL & SPATIAL REVENUE 28% Reflecting continued shift toward higher-value digital services. of total revenue $10.3m UNDERLYING EBITDA Underlying EBITDA of $10.3 million, up 2.8% vs FY25 11% 17% 25% 28% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% FY23 FY24 FY25 FY26 % of revenue D&S REVENUE %
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20 Higher margin revenues stabilising the bottom line. Executing on Strategic Transition • Increasing proportion of group revenue being delivered by Digital & Spatial and Consulting & Advisory services. • Digital & Spatial revenue increased to 28% of total revenue, reflecting continued shift toward higher-value digital services, complemented by acquisition of Mesh Livable Communities advisory team in December 2025. • Growth in D&S revenue underpinned by increasing market penetration of Veris’ digital solutions and full year of revenue generation from the integration of the Spatial Vision team. • Growth in higher margin Digital & Spatial and Consulting & Advisory revenue cushioned softness in some traditional core survey markets eg Victoria and Tasmania. - 20.0 40.0 60.0 80.0 100.0 FY22 FY23 FY24 FY25 FY26 Survey Revenue D&S Revenue C&A Revenue 0.1% 1.0% (2.0%) 2.7% 2.2% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 0 10 20 30 40 50 60 70 80 90 100 110 FY22 FY23 FY24 FY25 FY26 Underlying PBT Margin % Revenue ($m) Revenue Underlying PBT Margin % GROUP REVENUE ($m) REVENUE & UNDERLYING PBT MARGIN (%)
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21 Balance Sheet Balance Sheet ($m) Jun26 Jun25 Cash 13.3 16.6 Debtors & WIP 21.7 20.3 P ,P&E 8.9 8.0 ROU Lease Assets 11.4 14.8 DTA, Intangibles, Other 10.8 9.0 Total Assets 66.1 68.7 Trade Creditors 12.0 10.4 Employee Benefits (C + NC) 9.2 10.6 HP Lease Liabilities (C + NC) 2.4 0.2 Borrowings 2.1 3.7 ROU Leases (Current) 3.3 4.3 ROU Leases (Non-Current) 8.5 11.9 Other Liabilities 1.3 1.1 Total Liabilities 38.9 42.6 Net Assets 27.2 26.1 Disciplined working capital management reflects combination of: • Continued strengthening of the client base. • Diligent focus on WIP management; • Strong cash collections performance. At 30 June 2026, Veris has: • $5.4 million of franking credits; and • Carry forward unrecognised tax losses of $11.4 million. Robust financial position. CASH BALANCE $13.3m Stable balance sheet and capital position maintained FRANKING CREDITS $5.4m Balance at 30 June 2026
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22 Business Update
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23 Our safety metrics continued to trend positively in FY26. • Total Recordable Injury Frequency Rate (TRIFR) remained under our target sitting at 6.24 • Lost Time Injury Frequency Rate (LTIFR) improved to 3.74 and • All Injury Frequency Rate (AIFR) nearly halved to 33.69. • Vehicle damage incidents fell 20%. Health and Safety • 4D Program (Dangerous, Difficult, Different, Dumb), a safety culture initiative moving Veris from compliance toward genuine engagement. • Veris Safety App to simplify and digitise safety processes and improve field visibility of high- risk activity, with continued development and rollout through FY27. Safety Metrics Recognising outstanding safety attitudes and behaviours. • This year’s annual Working Safely - Michael Formosa Award was won by Rob Edwards, a Consultant in our Spatial Insights & Solutions team in Victoria • Recognised for proactive safety leadership, a willingness to raise concerns and a genuine commitment to mentoring others. At Veris, safety is not just a priority; it’s a core value that defines our culture. The health, safety, and wellbeing of our team underpin every aspect of our operations. Veris operates under a certified Health, Safety, Environment and Quality (HSEQ) management system, meeting international standards including ISO 9001, ISO 45001, and ISO 14001. Programs Awards Moving beyond compliance to a safety culture people own. ROB EDWARDS – ANNUAL WORKING SAFELY WINNER
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24 Indigenous Engagement Veris is proud of our ongoing alliance with Wumara Group, a majority Indigenous-owned surveying and spatial company in which we hold a 49% interest. It was a standout year for Wumara, growing revenue by approximately 30%, underpinned by a major national defence contract and a further 3.5 years of defence-related work now secured. Wumara also secured a three-year engagement, with a two-year option, supporting a major oil and gas project in South East Queensland, enabling regional expansion. ARTIST ACKNOWLEDGEMENT DANA GARLETT WUMARA GROUP - ALLARA SOUTH AND DYLAN FRANK Together with Wumara, we continue to deliver on our Reconciliation Action Plan, including the Indigenous Surveyor Employment Pathway Program, reflecting our shared vision of economic empowerment and capability building.
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25 • The Emerging Leaders Program equips staff at the critical transition into people management with a practical toolkit covering self-awareness, team development, stakeholder influence and feedback culture. • The Veris Leadership Program takes a longer view, investing in a cohort of future leaders over a three-year horizon to build a common leadership language and drive sustained behaviour change. People & Culture • Continued to measure staff engagement through our annual Employee Engagement Survey ‘The Way We Work’, giving our people a consistent voice in shaping how we operate and helping us track our progress year on year. • Once again, safety stood out as a genuine strength, with our people telling us they trust their leaders to take safety seriously and feel safe raising concerns without fear of blame. Our people remain the foundation of Veris, and in FY26 we sharpened our focus on developing the leaders who will take the business forward as our service offering has grown broader and more diverse. Leadership Programs Investing in leadership at every stage of the journey Staff Engagement Our people’s voice, shaping how we work • With the completion of the Mesh acquisition, integrating our new colleagues into the Veris culture was also a genuine focus for the year. • The Mesh team has settled in quickly and begun collaborating with our existing teams across key clients and opportunities. Integrations One team working across clients and opportunities
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26 Awards & Industry Recognition 2026 MAV Innovation Lab Awards Thriving Places Award for Design and Planning Excellence Alexandra Eildon Development Plan (AEDP) Yea Structure Plan Murrindindi Residential Design Guidelines Eildon Key Worker Housing Project. 2026 Women in Digital Awards Product Excellence Leah Wittingslow Parsel Technical Leader of the Year Kelly Wason 2026 Landscape Australia Awards Analysis and Planning Category Mildura Urban Forest Strategy 2026 Utility Awards Project Delivery Team of the Year Hanna Street Sewer Upgrade, Stage 2 2026 National Trust (ACT) Heritage Awards First Nations Heritage Award Yankee Hat Aboriginal Rock Art Visitor Facilities project WINNER FINALISTFINALIST FINALISTWINNER
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27 Pipeline & Outlook
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28 Pipeline The secured forward workload is approximately $65m providing a strong foundation of committed work to be delivered over the medium to long term. Secured workload has been strengthened by significant infrastructure project wins as well as digital & spatial projects that leverage Veris’ unique capabilities in data capture and digital solutions. Healthy, unsecured project pipeline has a weighted value in excess of $200m across Veris’ diverse set of industries. Growth supported by M&A activities, which has contributed to an expanded workload and pipeline of opportunities across key industry sectors. In the face of some macroeconomic and market headwinds, (including softer state market conditions, rising interest rates and geopolitical conflict) management continued to respond proactively and Veris’ pipeline and contracted orderbook remain at historically strong levels. A healthy pipeline and secured forward workload of $65M.
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29 Sector Focus: Key Growth Markets Data Centres Australia among the world's leading destinations for data centre investment. Site understanding is critical to project success. Foundational data can de-risk the development significantly. Veris has strong alignment to planning and design phases: bringing data together before delivery begins. Renewables Transmission and generation build-out is driving sustained, network-wide demand. Large, complex programs depend on trusted data from the earliest stages. Well placed in planning and design, informing route and site decisions ahead of construction. Water Utilities running significant capital pipelines to upgrade and build new assets. Growing compliance and performance needs, including flood and asset modelling. End-to-end capability from data capture through to advisory. Defence AUKUS and national programs driving sustained defence infrastructure investment. Demand for accurate spatial data and secure digital delivery. Multidisciplinary capability positioned to support this demand at scale. Positioned for Growth ✓ Structural, multi-year investment across all four sectors. ✓ End-to-end capability spanning the full asset lifecycle. ✓ Reinforces Veris' shift to higher-value digital and spatial consulting. Structural Investment Across Data Centres, Renewables, Water and Defence. As capital flows into these high-growth sub-sectors, Veris' multidisciplinary survey, digital and advisory capability positions the business to support clients across the full asset lifecycle.
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30 Data Centres: Already Delivering, Ready to Scale Proven Skills. Proven Delivery. A Large Market Opportunity. Veris is already working on data centre sites, from site risk assessment through to design. Despite recent media commentary, data centres remain a prospective growth market for Veris, supported by Veris’ early-stage planning and design role and strong opportunity pipeline. THE MARKET TAM A$85–135bn Data centre construction investment in Australia to 2035¹ SAM (BASE CASE) ~A$0.5–0.8bn Veris-addressable services to 2035, ~A$50–80m a year WHY VERIS Already Delivering Data centre work delivered in Victoria, New South Wales, and Queensland. Specific offering Eight site factors assessed upfront, from zoning to power, fibre and water. Speed to Market Team and capability already in place, winning work, and ready to scale. PROOF POINT An established data centre developer / operator - Melbourne: three sites CHALLENGE Three sites in design at once, with unmapped underground services. DELIVERED Site surveys, reality capture and underground services data feeding straight into design. OUTCOME One coordinated view of conditions, constraints and construction risk across all three sites Strategic Fit for Veris ✓ Moves Veris upstream into early- stage project roles. ✓ Planning wins lead to downstream survey work. ✓ Grows higher-margin digital and advisory revenue. ✓ Supports repeat engagement across the asset lifecycle. ✓ Increasing regulatory expectations add to need for Veris’ services. ¹ Baringa for the Clean Energy Finance Corporation (Dec 2025): 4.7–7.4 GW of additional capacity by 2034–35. Construction cost only, excluding land and IT equipment.
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31 Outlook Strong positioning across diverse and high-growth industry sectors, with a positive outlook. SAM* $220M $150M $280M $110M $100M $210M CAGR^ 9.5 - 11% 8 - 9.5% 7 - 9% 10 - 12% 14 - 16% 12 - 14% Key Clients *Serviceable Addressable Market 2026, excludes planning & design services | ^Compound Annual Growth Rates (CAGR) for Spatial Consulting Services in Australia (current–2034) Growth Drivers Asset lifecycle investment & digital engineering. Urbanisation, planning reform, masterplanned precincts. Digital transformation, spatial data governance. Data centre investment, renewable integration, asset resilience. AUKUS, geospatial intelligence, defence infrastructure. Renewables transition, resource investment, environmental regulation. PROPERTY & BUILDINGS UTILITIES DEFENCETRANSPORT GOVERNMENT ENERGY & RESOURCES
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32 Q1 Update
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33 Q1 FY27 Trading Update Continued improvement in margins underpinned by transformation via Digital strategy • Q1 FY27 Unaudited PBT of $0.8m. • 7.9% increase in revenue to pcp reflects strength in underlying markets and addition of Mesh team capabilities. • Continuing increase in EBIT margins despite ongoing cost inflationary environment. • Veris’ continued transformation remains underpinned by a robust balance sheet and strong cash balance. Results Summary Q1 Unaudited FY24 FY25 FY26 Q1 FY24 Q1 FY25 Q1 FY26 Q1 FY27 Revenue ($m) 92.6 97.2 102.0 24.9 24.3 26.2 28.2 EBIT Margin % (2.6%) 2.5% 1.3% 2.5% 2.9% 3.6% 3.8% Profit Before Tax ($m) (4.4) 2.0 0.6 0.5 0.6 0.8 0.8 PBT Margin % (4.8%) 2.1% 0.6% 2.0% 2.3% 2.9% 2.8%
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34 In Summary Underlying Earnings & Margin Quality Revenue grew 4.9% to $102.0m. Underlying EBITDA increased 2.8% to $10.3m (10.1% margin) and Underlying PBT was $2.2m (FY25: $2.6m), with Statutory PBT of $0.6m after one-off M&A, restructuring and systems costs. Structural Shift to Higher-Margin Growth Digital & Spatial advisory revenue reached over 28% of total revenue in FY26 (FY25: 25%, FY24: 17%, FY23: 11%), with continued growth in Consulting & Advisory also offsetting softer conditions in traditional survey markets. Proactive Response to Market Headwinds Significant macroeconomic and market headwinds faced in FY26, including softer state market conditions, rising interest rates and geopolitical conflict, were met with a proactive management response to preserve capital strength and maintain profitability. New Recurring Revenue Channels The Octave software distribution partnership, application development capability and proprietary digital solutions are building capital-light, technology-enabled revenue streams. Strong Cash Position Cash balance of $13.3m and net cash of $11.1m, supported by $8.1m of operating cash flow, after funding the Mesh and Mesh-Dash acquisitions, the FY25 dividend and the ongoing share buy-back. Secured Pipeline & FY27 Outlook A secured forward workload of $65m and weighted opportunity pipeline exceeding $200m, diversified across six core sectors, positions Veris to continue converting pipeline into delivery and sustaining growth into FY27.
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35 CORPORATE OFFICE 41 Bishop Street Jolimont WA 6014 P . 08 6241 3333 E. communications@veris.com.au VRS ASX veris.com.au
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36 Disclaimer This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in Veris Limited (“Veris” or the “Company”) or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in Veris should be entered into on the basis of this Document. This Document contains high level information only and does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of Veris and its prospects. Any forecasts and forward-looking information contained in this Document are subject to risks and uncertainties and are not a guarantee of future performance. Actual performance will almost certainly differ from those expressed or implied. Veris makes no representation or warranty, express or implied, as to the accuracy, currency or completeness of the information presented herein. Information contained in this Document may be changed, amended or modified at any time by Veris. Veris is under no obligation to update any information or correct any error or omission which may become apparent after this Document has been issued. To the extent permitted by law, Veris and its officers, employees, related bodies corporate and agents (‘Associates’) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Veris and/or its Associates) for any loss or damage suffered by recipients of this Document or other persons arising out of, or in connection with, any use of or reliance on this Document or information contained herein. By accepting this Document, the recipient agrees that it shall not hold Veris or its Associates liable in any such respect for the provision of this Document or any other information provided in relation to this Document. Recipients of this Document must make their own independent investigations, consideration and evaluation of the information contained herein. Any recipient that proceeds further with its investigations, consideration or evaluation of the information described herein shall make and rely solely upon its own investigations and inquiries and will not in any way rely upon this Document. Recipients of this Document should not act or refrain from acting in reliance on material in this Document.