External broker reports(aggregated public sources), Euroz Limited

Euroz Hartleys

A Western Australian diversified financial services company focused on providing financial services solutions to Institutional, Corporate & Private Clients. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Euroz Limited

Equity Bottom-Up

<ul><li>VEE released a trading update including downgraded 1H25 guidance, VEE are now expecting to deliver the following in 1H25:</li><li>Revenue: $33.0-35.0m (-5.9% vs $36.0m) EBITDA: $3.4-4.0m (-29.5% vs $5.0-5.5m)</li><li>NPAT: $0.4-1.2m (-62.8% vs $2.0-2.3m)</li><li>A delay in anticipated propulsion orders expected in early 2Q25 to Dec-24 resulted in a period of under utilisation of the manufacturing facility driving a compression of margins.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

VEE released a trading update including downgraded 1H25 guidance, VEE are now expecting to deliver the following in 1H25:Revenue: $33.0-35.0m (-5.9% vs $36.0m) EBITDA: $3.4-4.0m (-29.5% vs $5.0-5.5m)NPAT: $0.4-1.2m (-62.8% vs $2.0-2.3m)A delay in anticipated propulsion orders expected in early 2Q25 to Dec-24 resulted in a period of under utilisation of the manufacturing facility driving a compression of margins.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Veem Ltd

Veem Ltd - Trading Update