VEEM Signs AU$65 Million Renewal Contract with Submarine Builder, Sees Lower Fiscal Year 2025 Revenue, EBITDA

MT Newswires Live

Aug 12, 2025

VEEM (ASX:VEE) has signed an AU$65 million, six-year defense renewal contract to continue supplying certain specialized parts for a submarine maintenance program to ASC till June 27, 2031, according to a Tuesday filing with the Australian bourse.

The company also expects fiscal year 2025 revenue in the range of AU$68 million to AU$69 million, down from the actual result of AU$80.6 million last year, the filing said.

Earnings before interest, taxes, depreciation, and amortization for the fiscal year are expected to be between AU$8.5 million and AU$9.5 million, down from AU$14.8 million the previous year.

Revenue from ASC is expected to be about AU$6.5 million, compared to about AU$16.1 million in fiscal year 2024, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2558162696"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2558162696\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2558162696?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-12 07:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2558162696","market":"nz","top_or_hot":-1,"title":"VEEM Signs AU$65 Million Renewal Contract with Submarine Builder, Sees Lower Fiscal Year 2025 Revenue, EBITDA","media":"MT Newswires Live","content":"<html><body><p> VEEM (ASX:VEE) has signed an AU$65 million, six-year defense renewal contract to continue supplying certain specialized parts for a submarine maintenance program to ASC till June 27, 2031, according to a Tuesday filing with the Australian bourse.</p><p>The company also expects fiscal year 2025 revenue in the range of AU$68 million to AU$69 million, down from the actual result of AU$80.6 million last year, the filing said.</p><p>Earnings before interest, taxes, depreciation, and amortization for the fiscal year are expected to be between AU$8.5 million and AU$9.5 million, down from AU$14.8 million the previous year.</p><p>Revenue from ASC is expected to be about AU$6.5 million, compared to about AU$16.1 million in fiscal year 2024, the filing added.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VEEM Signs AU$65 Million Renewal Contract with Submarine Builder, Sees Lower Fiscal Year 2025 Revenue, EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVEEM Signs AU$65 Million Renewal Contract with Submarine Builder, Sees Lower Fiscal Year 2025 Revenue, EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-08-12 07:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> VEEM (ASX:VEE) has signed an AU$65 million, six-year defense renewal contract to continue supplying certain specialized parts for a submarine maintenance program to ASC till June 27, 2031, according to a Tuesday filing with the Australian bourse.</p><p>The company also expects fiscal year 2025 revenue in the range of AU$68 million to AU$69 million, down from the actual result of AU$80.6 million last year, the filing said.</p><p>Earnings before interest, taxes, depreciation, and amortization for the fiscal year are expected to be between AU$8.5 million and AU$9.5 million, down from AU$14.8 million the previous year.</p><p>Revenue from ASC is expected to be about AU$6.5 million, compared to about AU$16.1 million in fiscal year 2024, the filing added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VEE.AU","symbol_name":"VEEM LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2558162696","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558162696","pubTimestamp":1754956118,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"VEEM  has signed an AU$65 million, six-year defense renewal contract to continue supplying certain specialized parts for a submarine maintenance program to ASC till June 27, 2031, according to a Tuesday filing with the Australian bourse.The company also expects fiscal year 2025 revenue in the range of AU$68 million to AU$69 million, down from the actual result of AU$80.6 million last year, the filing said.Earnings before interest, taxes, depreciation, and amortization for the fiscal year are expected to be between AU$8.5 million and AU$9.5 million, down from AU$14.8 million the previous year.Revenue from ASC is expected to be about AU$6.5 million, compared to about AU$16.1 million in fiscal year 2024, the filing added.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VEE.AU":"VEEM LTD"},"translate_title":"VEEM与潜艇制造商签署6500万澳元续约合同，预计2025财年收入、EBITDA将下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEE.AU":0.9},"content_text":"VEEM (ASX:VEE) has signed an AU$65 million, six-year defense renewal contract to continue supplying certain specialized parts for a submarine maintenance program to ASC till June 27, 2031, according to a Tuesday filing with the Australian bourse.The company also expects fiscal year 2025 revenue in the range of AU$68 million to AU$69 million, down from the actual result of AU$80.6 million last year, the filing said.Earnings before interest, taxes, depreciation, and amortization for the fiscal year are expected to be between AU$8.5 million and AU$9.5 million, down from AU$14.8 million the previous year.Revenue from ASC is expected to be about AU$6.5 million, compared to about AU$16.1 million in fiscal year 2024, the filing added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}