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VEEM

VEEM

Revenue

$68.6 M

FY, 2025

VEEM Summary

Company Summary

Overview
VEEM (formerly known as VEEM Engineering Group or Ruggles) is a designer and manufacturer of marine propulsion and stabilization systems. It offers gyrostabilizers, propellers, timcast hollow bars, piping, and other components dedicated to motor yachts, fast ferries, commercial workboats, and defence industries.
Type
Public
Status
Active
Founded
1968
HQ
Canning Vale, AU | view all locations
Website
https://veem.com.au/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Table of Contents

Key People

  • Brad Miocevich

    Brad Miocevich, Non-Executive Chairman

    • Peter Torre

      Peter Torre, Independent Non-Executive Director

      • Mark David Miocevich

        Mark David Miocevich, Managing Director

        • Angus Murnaghan

          Angus Murnaghan, Independent Non-Executive Director

        LocationsView all

        2 locations detected

        • Canning Vale, WA HQ

          Australia

          22 Baile Rd

        • Rotterdam, ZH

          Netherlands

          Hofplein 20

        VEEM Financials

        Summary Financials

        Revenue (H1, 2026)
        $23.4M
        Gross profit (H1, 2026)
        $16.7M
        Net income (H1, 2026)
        ($19.5M)
        Cash (H1, 2026)
        $9.1M
        EBIT (H1, 2026)
        ($2.5M)

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