Half Year 2025 VEEM Ltd Earnings Presentation Transcript

Feb 20, 2025 / 01:30AM GMT

Release Date Price: $0.8405

Transcript

Mark Miocevich

VEEM - Managing Director

The results presentation. To start off with this, I'd like to go across to Tino, our CFO who will start the presentation.

Tino Kapfumo

VEEM - Chief Financial Officer

Thank you, Mark.

VEEM had a revenue of $33.6 million for the half year, and total activity of $34.5 million. Revenue was down 10% on the prior corresponding period, but pleasingly still up 23% on FY 2023, showing the step change in the business. Activity of $35.5 million includes changing in whip of $900,000, and that's due to the increased activity we had at the end as a result of delayed orders, which will be kicking in in the second

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