Veris secures over $1 million in new Digital Twin Victoria work orders
Veris Limited (ASX:VRS) has been issued two additional work orders under its existing appointment as Digital Twin Victoria (DTV) Innovation Partner, with the engagements collectively expected to generate over $1 million in revenue across approximately the forthcoming nine months.
The work orders were issued by the Department of Transport and Planning (DTP), Victoria, with delivery having recently commenced. The awards extend a relationship that began in 2024, deepening Veris’ role in an ongoing program of delivery rather than marking a fresh, standalone contract.
For investors, the engagements reinforce the company’s strategic shift toward higher-margin digital and spatial data consulting anchored by a tier-1 government client.
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What the new work orders cover
The two engagements encompass distinct but complementary scopes:
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Application migration — migration of a range of DTP applications and services into the Digital Twin Victoria environment.
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Identity management system upgrade — an upgrade to support access for a broad range of government users.
Both engagements draw on Veris’ depth of capability across spatial insights, digital advisory, and application delivery, spanning advisory across the Department of Transport and Planning (DTP) spatial services ecosystem.
These are advisory- and consulting-led services, which typically carry higher value and higher margins than traditional survey work.
The Digital and Spatial revenue mix has shifted materially over recent years, climbing from 10.6% of total revenue in FY23 to 29% in H1 FY26, a trajectory that reflects the compounding effect of exactly the kind of government consulting engagements this DTV relationship represents.
How the relationship has grown since 2024
In March 2024, Veris was appointed Innovation Partner to Digital Twin Victoria, leading a 10-member consortium selected ahead of a highly competitive field.
That appointment encompassed advice, solution design, and the development of new features, data transformations, integrations and capabilities to enhance the DTV platform. The work orders announced represent the latest additions to that ongoing program, reflecting further extensions and deepening of the relationship.
The DTV engagement sits alongside a broader pattern of proprietary platform contract wins across infrastructure sectors, with rail, road and energy clients recently contributing over $2 million in new awards delivered via Veris’ Photo Navigator and RoadSiDe platforms.
Michael Shirley, Managing Director and Chief Executive Officer of Veris
“This is a relationship that continues to grow, and that growth reflects the work our team puts in every day. The Department of Transport & Planning is exactly the type of client our strategy is built around – large, complex, and with an enduring need for the kind of digital, spatial and advisory expertise Veris provides. Engagements like these, spanning platform enhancements and delivery, systems integration and digital advisory, are exactly what our shift toward higher-value, higher-margin digital and spatial consulting looks like in practice, and reflect the growing demand from government for partners who can navigate the full complexity of their digital transformation agendas.”
Understanding the Digital Twin opportunity
A digital twin is a virtual, data-rich replica of physical assets or places. Governments use these models to plan, model and manage infrastructure across large geographic areas, simulating outcomes before committing to physical works.
Spatial data advisory, in plain terms, involves collecting, hosting and analysing location-based data to generate insights that inform decisions. It blends mapping, analytics and consulting into a single service offering.
Why does this matter to investors? Governments are investing in digital transformation programs that create recurring, repeatable demand for specialist partners. This positions Veris within a structurally growing category of government technology spend.
Pipeline, outlook and the investment case
Veris enters FY27 with a strong forward position underpinned by secured work and a substantial weighted opportunity pipeline:
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Secured forward workload of approximately $65 million
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Weighted opportunity pipeline exceeding $195 million
The table below summarises the engagement and the company’s broader forward position.
| Metric | Detail |
|---|---|
| New work orders (revenue) | Over $1M over ~9 months |
| Scope | Application migration, identity management, advisory |
| Client | Department of Transport and Planning (DTP) |
| Secured forward workload | ~$65M |
| Weighted opportunity pipeline | >$195M |
The latest awards are consistent with Veris’ stated focus on deeper, repeatable engagements with tier-1 clients, emphasising the strategy of deepening relationships with key government clients and growing its consulting and advisory-led digital services.
A secured backlog of approximately $65 million, combined with a weighted pipeline exceeding $195 million, supports revenue visibility as the company heads into FY27.
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