Australian engineering firm Verbrec (ASX:VBC) disclosed its financial results for the half-year ended Dec. 31, 2025, highlighting an improvement in earnings and a bolstered cash position.
The company reported a total EBITDA of $11.3 million for the period, a substantial increase from the $3.1 million recorded in the prior corresponding period.
A major driver of this performance was the strategic divestment of its competency training business, which resulted in a gain of $6.8 million, boosting the company's balance sheet.
Verbrec's net cash position surged to $11.6 million as of Dec. 31, 2-25, compared to just $2.3 million at the end of June 2025.
Verbrec generated an EBITDA of $4 million, more than double the $1.7 million reported in the first half of the previous financial year.
Revenue from continuing operations also saw healthy growth, rising to $46.1 million from $38.9 million, while the EBITDA margin improved from 4.3% to 8.7%.
The company also confirmed the completion of the Alliance Automation acquisition, which is expected to contribute over $60 million in annual revenues moving forward.
Looking ahead, Verbrec is well-positioned for growth, with its opportunity pipeline up 50% to $203 million and work-in-hand increasing by 75% to $71 million.
At the time of reporting, Verbrec's share price was $0.26.