VERBREC LIMITED — Interim / Quarterly Report 2021

Aug 26, 2021

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Verbrec Limited (formerly LogiCamms Limited) ABN 90 127 897 689

Preliminary Final Report (Appendix 4E) For the Financial Year Ended 30 June 2021

Provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.3A Current Reporting Period: Financial Year ending 30 June 2021 Previous Corresponding Period: Financial Year ending 30 June 2020

Verbrec Limited ABN 90 127 897 689

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ASX preliminary final report for the year ended 30 June 2021 Lodged with the ASX under listing Rule 4.3A

Results for announcement to the market

30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.	30 June 2021 Appendix 4E 30 June 2021 $’000 30 June 2020 $’000 Variance $’000 Variance % Reference 2.1 Revenue from ordinaryactivities 98,312 116,996 (18,684) (15.97)% 2.2 Profit/(loss) from ordinary activities after tax attributable to members (3,863) 1,818 (5,681) (312.49)% 2.3 Net profit/(loss) for the period attributable to members (3,873) 1,524 (5,397) (354.13)% 2.4 Dividends/distributions No dividends were paid during the period, and no dividends have been proposed for payment. 2.5 Record date Not applicable 2.6 Explanation of the figures in 2.1 to 2.4 Refer to the FY21 Annual Report 3 Statement of Comprehensive Income Refer to the FY21 Annual Report 4 Statement of Financial Position Refer to the FY21 Annual Report 5 Statement of Cash Flows Refer to the FY21 Annual Report 6 Statement of Changes in Equity Refer to the FY21 Annual Report 7 Details of Individual and total Dividends Not applicable 8 Details of dividend reinvestment plans in operation Not applicable 9 Net tangible assetsper share(cents)* 4.6 cents 8.5 cents (3.9)cents (46)% 10 Details of entities over which control has been gained or loss 100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021. 11 Details of associates or joint venture entities Not applicable 12 Anyother significant information Refer to the FY21 Annual Report 13 The Financial Statements areprepared in accordance with Australian AccountingStandards. 14 Commentaryon the results for theperiod Refer to the FY21 Annual Report 15 The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter. 16 Not applicable. 17 Not applicable.
	2.1	Revenue from ordinaryactivities	98,312	116,996	(18,684)	(15.97)%
	2.2	Profit/(loss) from ordinary activities after tax attributable to members	(3,863)	1,818	(5,681)	(312.49)%
	2.3	Net profit/(loss) for the period attributable to members	(3,873)	1,524	(5,397)	(354.13)%
	2.4	Dividends/distributions	No dividends were paid during the period, and no dividends have been proposed for payment.
	2.5	Record date	Not applicable
	2.6	Explanation of the figures in 2.1 to 2.4	Refer to the FY21 Annual Report
	3	Statement of Comprehensive Income	Refer to the FY21 Annual Report
	4	Statement of Financial Position	Refer to the FY21 Annual Report
	5	Statement of Cash Flows	Refer to the FY21 Annual Report
	6	Statement of Changes in Equity	Refer to the FY21 Annual Report
	7	Details of Individual and total Dividends	Not applicable
	8	Details of dividend reinvestment plans in operation	Not applicable
	9	Net tangible assetsper share(cents)*	4.6 cents	8.5 cents	(3.9)cents	(46)%
	10	Details of entities over which control has been gained or loss	100% of the shares in Energy Investment Management Pty Limited was acquired on 31 December 2020. The training assets were acquired from Site Skills Group Pty Ltd on 12 April 2021.
	11	Details of associates or joint venture entities	Not applicable
	12	Anyother significant information	Refer to the FY21 Annual Report
	13	The Financial Statements areprepared in accordance with Australian AccountingStandards.
	14	Commentaryon the results for theperiod	Refer to the FY21 Annual Report
	15	The 30 June 2021 financial report and accompanying notes for the Group have been audited and are not subject to anydisputes, qualifications,modified opinion or emphasis of matter.
	16	Not applicable.
	17	Not applicable.