Highlights

  • Vysarn reported record FY26 operational revenue of approximately A$140.1 million, up around 85% year-on-year.
  • Group EBITDA increased about 77% to A$28.9 million, while net profit before tax rose approximately 89% to A$20.9 million.
  • The company agreed to acquire NewGround for total consideration of approximately A$50 million.
  • Management expects the acquisition to be around 25% earnings-per-share accretive on a pro forma basis.

Vysarn Limited (ASX:VYS) attracted market attention after announcing record FY26 financial results alongside the proposed acquisition of Western Australian irrigation and water infrastructure business NewGround. A TradingView snapshot indicated the shares were trading about 6% higher on 23 July 2026, although no independently verified closing price was available. The combination of stronger earnings and a strategic acquisition has placed the company in focus as it broadens its water services platform.

Record FY26 Financial Performance

Vysarn reported operational revenue of approximately A$140.1 million for FY26, representing an increase of around 85% from the previous year.

The stronger revenue translated into improved profitability, with EBITDA rising to approximately A$28.9 million, up around 77%, while net profit before tax reached approximately A$20.9 million, an increase of about 89%.

According to the company, the result reflected growth across its operating businesses and the benefit of previous investment in equipment and operating capacity.

The FY26 performance represents the strongest financial result reported by the company to date.

NewGround Acquisition Broadens Operations

Alongside its annual results, Vysarn announced an agreement to acquire NewGround (NWG Enterprises Pty Ltd) for total consideration of approximately A$50 million.

The proposed transaction includes an upfront component comprising cash and shares, together with performance-linked deferred payments over three years.

NewGround operates across irrigation system design, installation and maintenance, pumping infrastructure, drainage management and related water infrastructure services.

The acquisition is intended to expand Vysarn's presence beyond the mining sector by increasing exposure to local government, urban development and civil infrastructure markets.

Diversification Strategy Continues

Management has described the proposed acquisition as being approximately 25% earnings-per-share accretive on a pro forma basis.

The transaction is expected to add more recurring revenue streams while reducing the company's reliance on resources-sector activity.

Following completion, Vysarn expects to broaden its national water services offering by combining its existing groundwater and drilling expertise with NewGround's irrigation and infrastructure capabilities.

Completion remains subject to customary conditions, including debt facility arrangements, due diligence and third-party approvals.

Growth Pipeline Remains in Focus

Vysarn continues pursuing growth through both operational expansion and acquisitions.

Future updates are expected to provide further information on completion of the NewGround transaction, integration progress, financing arrangements and FY27 trading performance.

Although the shares traded higher during 23 July 2026, the available information does not establish that the intraday share-price movement resulted solely from the FY26 results or acquisition announcement.

What Investors May Watch

Investors may monitor completion of the NewGround acquisition, integration progress, debt funding arrangements, FY27 earnings performance, further acquisition activity and future ASX announcements.

Risks

Vysarn remains exposed to acquisition completion risk, integration challenges, increased leverage, execution risk, demand across end markets, project timing and broader economic conditions. The expected earnings accretion remains management guidance rather than a guaranteed outcome.