Veris secures $4.12 million Sydney Metro – Western Sydney Airport contract extension
Veris Limited (ASX:VRS) has secured a $4.12 million contract extension on the Sydney Metro – Western Sydney Airport Stations, Systems, Trains, Operations, and Maintenance (SSTOM) project. The counterparty is the Parklife Metro Consortium.
The contract will see Veris continue to draw on its multi-disciplinary engineering survey, asset monitoring and cadastral survey capabilities through to the end of 2027. It builds on work already delivered and secured under Veris’ engagement with the consortium since November 2023, so the announcement is an extension rather than a new client win.
Contract snapshot
| Item | Detail |
|---|---|
| Contract value | $4.12 million |
| Client | Parklife Metro Consortium |
| Project | Sydney Metro – Western Sydney Airport SSTOM |
| Duration | Through to the end of 2027 |
| Initial engagement | November 2023 |
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Inside the SSTOM package and the Parklife Metro Consortium
The SSTOM Package is delivered by the Parklife Metro Consortium, comprising Plenary, WeBuild, Siemens and RATP Dev. This forms part of Parklife Metro’s 15-year contract to operate and maintain Sydney Metro.
Veris described the extension as reinforcing its long-standing partnership with the consortium, which is delivering what the company’s release calls Australia’s biggest public transport project. For investors, continued work with this group on nationally significant infrastructure is relevant to Veris’ standing in the Transport sector.
What the work involves
The extension covers three survey and monitoring disciplines, which in general terms are:
- Engineering survey: measuring and recording the position and dimensions of physical structures and sites to support engineering work.
- Asset monitoring: tracking assets over time to detect changes in their condition or position.
- Cadastral survey: determining and recording property and land boundaries.
Recurring, specialist survey work on operating infrastructure can support ongoing demand for these services.
Management commentary and forward workload
CEO endorsement
Veris’ leadership framed the extension as recognition of delivery on the project.
Michael Shirley, Managing Director and Chief Executive Officer
“Securing this extension on the SSTOM project is a strong endorsement of the work our team has delivered on the Western Sydney Airport project since 2023…”
He added that the extension reflects the company’s ability to “convert quality delivery into further opportunities.”
Pipeline and outlook
Veris reported the following in its announcement:
- A secured forward workload in excess of $60 million
- A weighted opportunity pipeline exceeding $195 million
The announcement does not state whether the $4.12 million extension is included in the secured workload figure. It also provides no revenue or earnings forecasts.
Investors exploring how Veris is adding capacity beyond contract wins can read our detailed coverage of the Aurecon survey acquisition, which sets out the $2.5 million price, the guaranteed first-year revenue and the exclusive partnering terms.
Veris’ H1 FY26 results showed revenue up 9% to $50.8 million and underlying EBIT up 62%, giving the secured workload and pipeline figures a financial base to be measured against.
About Veris
Veris Limited is a fully integrated digital and spatial data advisory and consulting firm with a national footprint. It serves Transport, Buildings & Property, Energy & Resources, Defence, Utilities and Government clients.
Its end-to-end offering spans spatial data collection through to survey, planning, consulting and advisory services.
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