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Highlights

  • Vection Technologies’ FY25 revenue reached AUD 36.0M, with pro-forma figures hitting AUD 42.0M after the TDB acquisition.
  • Yojee reduced its net loss to AUD 6.02M, while maintaining liquidity with minimal long-term debt.
  • Nanoveu expanded its total assets to AUD 13.81M in H1 FY25, driven by significant investment in intangibles and tech development.

Despite a challenging year for the ASX IT sector, which declined by 1.43% with the benchmark index at 2,977.4, select companies have delivered standout results. Over the past 12 months, Vection Technologies Ltd (ASX:VR1) surged 630%, Yojee Limited (ASX:YOJ) rose 518.75%, and Nanoveu Limited (ASX:NVU) gained 400%, outperforming the broader market with wide margin.

Company Name

Ticker

Closing stock price

Today's % change

1 year return

Vection Technologies Ltd

VR1

AUD 0.073

7.35%

630%

Youjee Ltd

YOJ

AUD 0.495

1.02%

518.75%

Nanoveu Ltd

NVU

AUD 0.100

6.38%

400%

Data source: ASX

Vection Technologies Ltd (ASX:VR1)

In FY25, Vection Technologies (ASX:VR1) reported revenue of AUD 36.0M, up 9.6% from AUD 32.8M in FY24. Pro-forma revenue, including the full-year contribution from The Digital Box acquisition, reached approximately AUD 42.0M. The company posted an underlying EBITDA of AUD 2.9M, improving from a loss of AUD 1.0M in FY24, while adjusted EBITDA was AUD 1.2M compared to a prior-year loss of AUD 3.1M. Net loss after tax narrowed to AUD 8.2M from AUD 10.0M, and net assets increased to AUD 13.9M from AUD 8.8M. Total assets rose to AUD 76.3M (current: AUD 33.8M; non-current: AUD 42.5M), with total liabilities increasing to AUD 62.4M (current: AUD 38.8M; non-current: AUD 23.7M).

Vection Technologies develops INTEGRATEDXR® solutions combining Extended Reality (XR) and Artificial Intelligence (AI) to connect the physical and digital environments. Its platforms serve enterprise clients across defense, healthcare, education, and industrial sectors, providing scalable, AI-enabled spatial computing solutions that enhance operational efficiency and decision-making.

Yojee Limited (ASX:YOJ)

For the year ending 30 June 2025, Yojee Limited (ASX:YOJ) reported a net loss after tax of AUD 6.02M, improved from AUD 8.49M in the previous year. Non-cash items included share-based payments of AUD 2.68M, intangible asset impairment of AUD 0.62M, depreciation and amortisation, and minor foreign exchange fluctuations. Net cash outflow from operating activities was AUD 2.72M, slightly lower than AUD 2.94M in FY24.

At the end of the reported period, total assets stood at AUD 4.67M (FY24: AUD 4.25M), with current assets of AUD 3.03M. Total liabilities fell to AUD 135k from AUD 228k, while total equity was AUD 4.53M, comprising contributed equity of AUD 63.43M, a share-based payment reserve of AUD 8.89M, and accumulated losses of AUD 67.79M. Total comprehensive loss for FY25 was AUD 9.49M (FY24: AUD 8.53M). Current liabilities comprise trade and other payables of AUD 352,849, with no significant long-term debt.

Yojee is an Australian logistics technology company providing cloud-based Software-as-a-Service (SaaS) solutions for freight and supply chain operations.

Nanoveu Limited (ASX:NVU)

For H1 FY25, Nanoveu (ASX:NVU) reported revenue of AUD 281,115 (FY24: AUD 11,026) with a gross profit of AUD 177,035. The operating loss was AUD 3.04M, driven by administration expenses of AUD 1.64M, research costs of AUD 138,137, and share-based payment expenses of AUD 1.33M. Finance income of AUD 5,168 versus finance costs of AUD 6,554 resulted in a net loss after tax of AUD 3.04M (FY24: AUD 1.09M). Foreign currency translation gains of AUD 56,359 partially offset this, resulting in a total comprehensive loss of AUD 2.98M. Losses attributable to shareholders were AUD 2.97M, and non-controlling interest accounted for AUD 68,823.

Total assets grew to AUD 13.81M (FY24: AUD 1.32M) and total liabilities decreased to AUD 851,457 (FY24: AUD 983,584), with current liabilities of AUD 750,879 and non-current lease liabilities of AUD 100,578.


Net assets increased to AUD 12.96M, with shareholders’ equity at AUD 13.07M, including issued capital of AUD 35.82M, accumulated losses of AUD 24.34M, and reserves of AUD 1.59M.

Nanoveu is an Australian applied technology company specializing in advanced materials and semiconductor innovations.