0.48
0.00%
Close of 9 Nov 2026, in AUD
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About VEEM
Its shares trade on ASX under the ticker VEE.AX. It has been listed since 26 October 2016. In the fiscal year to 30 June 2026, it reported revenue of A$51.5m and a net loss of A$17.8m. At that date it held total assets of A$82.5m and shareholders' equity of A$49.7m.
Veem Ltd. engages in the production of propulsion and stabilization systems. The company is headquartered in Canning Vale, Western Australia. The company went IPO on 2016-10-26. The firm is also engaged in manufacturing engineered products and services for the marine, defense and mining industries. The firm operates various businesses, including VEEM Marine, VEEM 247 Engineering, VEEM Defense, Timcast Hollowbar and Conquest Propellers. VEEM Marine has marine technology with the commercial facilities. VEEM 24-7 Engineering provides services to aerospace, defense, mining, and oil and gas industries. VEEM Defense is engaged in defense contracts, such as manufacturing and servicing the Oberon class submarine valves through to the propulsion system for the new Pacific patrol boats.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 26 Oct 2016
- Website
- veem.com.au ↗
Leadership
Pay as last reported
- Mr. John MiocevichNon-Executive Chairman of the Board, since 2021A$130,000
- Mr. Trevor RamanChief Executive Officer, since 2024
- Mr. Tino KapfumoChief Financial Officer, Company Secretary
- Mr. Mark MiocevichManaging Director, DirectorA$532,653
- Mr. Tony ElmsChief Technical Officer - Marine products
- Mr. Brett SilichGlobal Commercial ManagerA$331,859
- Mr. Michael BaileyNon-Executive Independent DirectorA$64,999
- Mr. Angus MurnaghanNon-Executive Independent Director
- Mr. David SingletonNon-Executive Independent Director
- Mr. Peter TorreNon-Executive Independent Director, since 2018A$71,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- VEEM Marine operates commercial marine technology facilities in Canning Vale, Australia.
- VEEM Defense manufactures submarine valves for the Oberon class and Pacific patrol boats.
- VEEM 247 Engineering serves aerospace, defense, mining, and oil and gas sectors globally.
Weaknesses
- VEEM Ltd. has no listed products outside of marine, defense, and mining industries.
- The company's operations are limited to Canning Vale, Western Australia headquarters.
- VEEM 247 Engineering's services are restricted to specific industrial sectors only.
Opportunities
- Expanding VEEM Defense contracts for new Pacific patrol boats propulsion systems.
- Growing demand for marine technology in the Australian marine sector.
- Increasing partnerships in the mining industry for engineered products.
Threats
- Competition from other marine technology providers in Australia.
- Economic downturns affecting defense and mining industry spending.
- Regulatory changes impacting submarine valve manufacturing standards.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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