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Verbrec Ltd ASX:VBC

Engineering Services Energy Transition Data Centres Infrastructure Services

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

30 Apr 2024 to today

Commentary Showing 2 of 17

DateManagerActionSummary

30 Sep 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Verbrec (ASX:VBC) as a key holding despite a 10% decline in September 2026 on no news. DMX notes the shares have since recovered following initiation of coverage by a new broker and growing investor awareness of Verbrec's positioning in electrification and data centre themes. DMX believes Verbrec sits in a sweet spot of being small, growing, well-capitalised and still very cheap at around 10 times expected FY2027 earnings. DMX also highlights prudent capital allocation, including value-accretive non-core disposals, acquisitions and a stated desire for earnings-accretive strategic and tuck-in acquisitions.

Data Centres Engineering ServicesMonthly Report, price recorded $0.19

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31 Aug 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Verbrec without change, noting the engineering services company capped off an eventful year with EBITDA up 42% to $8.7 million and NPATA up 107% to $4.2 million. The manager highlights the recent Alliance Automation acquisition as deepening the company's presence in automation, cyber security and digital solutions, alongside a significant pipeline in water, desalination and wastewater, targeting a group EBITDA margin of 8 to 10% as integration benefits are realised over the medium term.

Engineering ServicesMonthly Report, price recorded $0.21

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15 more comments on VBCPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on VBC.

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Articles

30 Sep 2026Verbrec's Turnaround Delivered 107% NPATA Growth and a Net Cash Balance Sheet

About Verbrec Ltd

Industrials, Construction and Engineering

Verbrec (ASX:VBC), an engineering and asset management services firm, has grown strongly according to small-cap managers. In August 2026, DMX Asset Management reported Verbrec delivered EBITDA of $8.7 million, up 42%, and NPATA of $4.2 million, up 107%, with its acquisition of Alliance Automation deepening its presence in automation. Cyan noted a material $21 million energy contract win, while earlier reporting a 27% share price fall driven by bearish sentiment rather than company news. Verbrec operates in the Industrials sector within the Construction and Engineering industry, and Thesis Tracker has captured 16 comments from 2 fund managers, DMX Asset Management and Cyan Investment Management. Founded in 1988 and headquartered in Brisbane, Verbrec provides engineering, asset management, operations and training services to the mining, energy, water, infrastructure and defence sectors across Australia and New Zealand, including pipeline engineering, automation and control systems.

Market cap: $71m
Price to earnings: 11.3x
Return on equity: 22.3%
Dividend yield: 1.3%
Price to book: 1.73x
Net margin: 12.8%
52-week range: $0.10 to $0.26

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Verbrec Ltd (ASX:VBC)?

Fund managers including DMX Asset Management and Cyan Investment Management have invested in Verbrec Ltd (ASX:VBC).

What opportunities or catalysts do fund managers highlight for Verbrec Ltd?

DMX and Cyan highlight strong EBITDA and profit growth, the Alliance Automation acquisition expanding its automation capability and new contract wins in energy and infrastructure.

What are the key risks to the Verbrec Ltd investment thesis, according to fund managers?

DMX noted guidance was confirmed at the lower end of its range, and Cyan reported a sharp share price fall due to weak market sentiment toward small caps.

What does Verbrec Ltd (ASX:VBC) do?

Verbrec Ltd, headquartered in Brisbane, Australia, is an engineering and operations services company founded in 1988. It serves the mining, minerals, hydrocarbons, and infrastructure sectors through two primary segments: Engineering Services and Training Services. The Engineering Services segment provides asset management, digital industry, pipeline, power, and process plant solutions. The Training Services segment delivers competency-based training, including on-site courses, virtual live-streamed sessions, e-learning, and virtual reality programs. Verbrec provides comprehensive industrial support tailored for diverse operational requirements.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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