31/08/2026
Vection today released its preliminary unaudited financial results for the year ended 30 June 2026, marking an important inflection point in the Company’s profitability:
✔️ Revenue of $42 million, up 14% compared with FY25
✔️ Adjusted EBITDA of $3.8 million, up 596% compared with FY25
✔️ Underlying EBITDA of $6 million, up 178% year-on-year
✔️ Positive operating cash flow
These results are underpinned by two commercial engines now operating at meaningful scale: multi-year contracted programmes and the Algho AI platform, which secured contracts across more than 10 enterprise verticals during the year.
Gianmarco Biagi, Managing Director and Chairman, commented:
“FY26 is the year in which we moved from building the platform to clearly demonstrating its ability to operate at scale. Adjusted EBITDA increased nearly sevenfold, we generated positive operating cash flow for the first time, and we reduced debt while continuing to fund acquisitions and technology development. Our defence programme is progressing in line with the multi-year plan, Algho AI has established itself across more than ten verticals, and DXLabs is integrating well and in line with the expected timetable. We enter FY27 with the strongest balance sheet in our history.
The Company has reached a level of organisational maturity, breadth and quality of its product offering, and financial stability that provides a strong foundation for significant future growth. The question is no longer whether the model works, but how quickly we can scale it.”