Australian pipeline maker Verbrec jumps as annual profit soars

Verbrec

31/08/2026 07:00

** Verbrec VBC.AX surges as much as 18.4% to A$0.225, marking their biggest intraday pct gain since February 27
** Water pipeline constructor posts FY attributable net profit of A$10.4 million ($7.45 million), soaring 179% from a year earlier
** Co reaffirms its FY27 revenue guidance of A$140 million to A$160 million, up from the A$118.5 million delivered in FY26
** VBC declares final dividend of 0.15 AU cents per share vs 2025 final dividend of 0.10 AU cents per share
** YTD, stock down 2.3%
  


($1 = 1.3961 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))