Veem Makes Poor Start to FY 2026 -- Market Talk

Dow Jones

Nov 28, 2025

2223 GMT - It's safe to say that marine and defense equipment maker Veem hasn't made a great start to FY 2026, Ord Minnett says. Veem signaled 1H revenue of A$24 million-A$$26 million. At the midpoint, this would be the lowest half-year revenue in more than five years. Veem also said its 1H Ebitda could be as much as a A$1 million loss. "While the company continues to anticipate a strong 2H it will be difficult for Veem to recover sufficiently to meet our previous FY 2026 forecasts," analyst John Lawlor says. Ord Minnett cuts its annual Ebitda forecast by 43% to A$6.5 million. Its price target falls 31% to A$1.20/share. Veem ended Thursday at A$1.155. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 27, 2025 17:23 ET (22:23 GMT)

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Veem signaled 1H revenue of A$24 million-A$$26 million. At the midpoint, this would be the lowest half-year revenue in more than five years. Veem also said its 1H Ebitda could be as much as a A$1 million loss. \"While the company continues to anticipate a strong 2H it will be difficult for Veem to recover sufficiently to meet our previous FY 2026 forecasts,\" analyst John Lawlor says. Ord Minnett cuts its annual Ebitda forecast by 43% to A$6.5 million. Its price target falls 31% to A$1.20/share. Veem ended Thursday at A$1.155. 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Veem signaled 1H revenue of A$24 million-A$$26 million. At the midpoint, this would be the lowest half-year revenue in more than five years. Veem also said its 1H Ebitda could be as much as a A$1 million loss. \"While the company continues to anticipate a strong 2H it will be difficult for Veem to recover sufficiently to meet our previous FY 2026 forecasts,\" analyst John Lawlor says. Ord Minnett cuts its annual Ebitda forecast by 43% to A$6.5 million. Its price target falls 31% to A$1.20/share. Veem ended Thursday at A$1.155. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 17:23 ET (22:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586327857","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586327857","pubTimestamp":1764282180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2223 GMT - It's safe to say that marine and defense equipment maker Veem hasn't made a great start to FY 2026, Ord Minnett says. Veem signaled 1H revenue of A$24 million-A$$26 million. At the midpoint, this would be the lowest half-year revenue in more than five years. Veem also said its 1H Ebitda could be as much as a A$1 million loss. \"While the company continues to anticipate a strong 2H it will be difficult for Veem to recover sufficiently to meet our previous FY 2026 forecasts,\" analyst John Lawlor says. Ord Minnett cuts its annual Ebitda forecast by 43% to A$6.5 million. Its price target falls 31% to A$1.20/share. Veem ended Thursday at A$1.155. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VEE.AU":"VEEM LTD","BK7088":"工业机械"},"translate_title":"Veem 2026财年开局不佳——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEE.AU":0.9},"content_text":"2223 GMT - It's safe to say that marine and defense equipment maker Veem hasn't made a great start to FY 2026, Ord Minnett says. Veem signaled 1H revenue of A$24 million-A$$26 million. At the midpoint, this would be the lowest half-year revenue in more than five years. Veem also said its 1H Ebitda could be as much as a A$1 million loss. \"While the company continues to anticipate a strong 2H it will be difficult for Veem to recover sufficiently to meet our previous FY 2026 forecasts,\" analyst John Lawlor says. Ord Minnett cuts its annual Ebitda forecast by 43% to A$6.5 million. Its price target falls 31% to A$1.20/share. Veem ended Thursday at A$1.155. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 27, 2025 17:23 ET (22:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","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":0,"need_auth":true,"code":"91000000","status":"200"}}}