Veris Expands Digital Infrastructure Footprint with $2 Million in New Contract Wins
Veris Limited (ASX: VRS) has strengthened its project pipeline after securing more than $2 million in new contract awards across rail infrastructure, energy, and digital solutions. The contracts include rail condition intelligence services for a major metropolitan rail network, digital dilapidation reporting for a large stadium development, road condition assessment services for a Western Australian local government authority, and survey work for a significant gas pipeline project.
The newly awarded projects highlight growing demand for Veris’ technology-driven platforms, including Photo Navigator and RoadSiDe, which provide advanced data collection, analysis, and asset management capabilities. Management noted that the wins align with the company’s strategy of increasing exposure to higher-value digital and recurring revenue opportunities. Veris also reported strong forward visibility, supported by an existing workload of approximately $65 million and a weighted opportunity pipeline exceeding $195 million, positioning the company for continued growth across key infrastructure and energy markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Veris Expands Digital Infrastructure Footprint with $2 Million in New Contract Wins
Veris Limited (ASX: VRS) has strengthened its project pipeline after securing more than $2 million in new contract awards across rail infrastructure, energy, and digital solutions. The contracts include rail condition intelligence services for a major metropolitan rail network, digital dilapidation reporting for a large stadium development, road condition assessment services for a Western Australian local government authority, and survey work for a significant gas pipeline project.
The newly awarded projects highlight growing demand for Veris’ technology-driven platforms, including Photo Navigator and RoadSiDe, which provide advanced data collection, analysis, and asset management capabilities. Management noted that the wins align with the company’s strategy of increasing exposure to higher-value digital and recurring revenue opportunities. Veris also reported strong forward visibility, supported by an existing workload of approximately $65 million and a weighted opportunity pipeline exceeding $195 million, positioning the company for continued growth across key infrastructure and energy markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au