Vysarn

What Vysarn does

Vysarn Limited (ASX: VYS) is a Perth-headquartered, publicly listed water and environmental services company building a vertically integrated, whole-of-life service platform across Australia. Founded in 2021 and operating with 101–250 employees through seven wholly owned subsidiaries, the company delivers hydrogeology and hydrology consulting (Pentium Water), drilling and dewatering (Pentium Hydro), groundwater management and test pumping (Pentium Test Pumping), Managed Aquifer Recharge and hydraulic engineering (Project Engineering), wastewater treatment plant design, construction and operation (Waste Water Services), water infrastructure engineering consultancy (CMP Consulting Group), and water/infrastructure asset investment (Vysarn Asset Management). Its underlying technology stack is engineering-led — hydrogeological field services, aquifer recharge systems, and bespoke wastewater treatment plant design — rather than software-led, with domain specialisation in Managed Aquifer Recharge and custom wastewater configurability cited as differentiators.

The business model combines project-based professional services with managed services and asset investment, monetised through B2B direct sales to enterprise and government clients across three verticals: mining and resources (primary), government and municipal, and agriculture and irrigation. Pricing is contract- and project-based (not publicly disclosed), with revenues generated across the full water lifecycle from consulting through to operations and asset ownership. GTM is sales-led via subsidiary brands, leveraging cross-selling across the platform and an aggressive acquisition roll-up — completing Yield Test Pumping (2021), Waste Water Services (2024), CMP Consulting Group (2024) and pending NewGround (binding June 2026) and Welltech (binding July 2026). The company reports a debt-free balance sheet, over 93% year-over-year earnings growth, and is funding expansion with an underwritten ~A$65.3 million capital raise, supported by the recent entry of WAM/WAA/WMI as a substantial shareholder.

Name

Vysarn

Legal name

Vysarn Pty Ltd

Website

https://vysarn.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Vysarn is an ASX-listed vertically integrated water services provider in Australia, delivering hydrogeology, drilling, dewatering, Managed Aquifer Recharge, wastewater treatment, and infrastructure consulting to mining, government, and agriculture clients through seven wholly owned subsidiaries.

Ownership category

akta.pro rank

Product category

Water Infrastructure Services

NAICS

Water Supply and Irrigation Systems (22131), Water, Sewage and Other Systems (2213)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Water, Wastewater & Hydraulics Engineering Consulting (BPAHAIAD)

akta.pro secondary industry

Pump & Well Services for Irrigation (Well Testing, Pump Sizing, Rehab) (AFACAFAG)

Keywords

• Water infrastructure services
• Hydrogeology consulting
• Groundwater management
• Wastewater treatment services
• Managed aquifer recharge

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Water Management Consulting Services: Specialised hydrogeology, hydrology, and environmental planning consulting services delivered through Pentium Water and CMP Consulting Group subsidiaries.
2. Hydrogeological Drilling and Dewatering: Groundwater drilling and dewatering services through Pentium Hydro.
3. Groundwater Management Services: Test pumping and groundwater monitoring services through Pentium Test Pumping.
4. Wastewater Treatment Services: Design, construction, and operation of custom wastewater treatment plants.
5. Water Infrastructure Asset Investment: Investing in water and infrastructure assets through Vysarn Asset Management subsidiary.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Vysarn is a vertically integrated water services provider delivering whole-of-life, end-to-end water solutions across Australia. Through seven wholly owned subsidiaries, the company provides hydrogeology and hydrology consulting, hydrogeological drilling and dewatering, groundwater testing and management, Managed Aquifer Recharge and hydraulic engineering, wastewater treatment plant design/construction/operation, water infrastructure engineering consultancy, and water infrastructure asset investment and management.

Product overview

Vysarn is an industry leading vertically integrated whole of life, end-to-end water services provider. The company's portfolio consists of seven wholly owned subsidiaries: Pentium Water (hydrogeology and environmental planning consulting), Pentium Hydro (hydrogeological drilling and dewatering), Pentium Test Pumping (groundwater management), Project Engineering (Managed Aquifer Recharge and hydraulic engineering), Vysarn Asset Management (water and infrastructure investment), Waste Water Services (wastewater treatment plant design, construction and operation), and CMP Consulting Group (water infrastructure engineering consultancy). Together, these subsidiaries enable Vysarn to deliver integrated water engineering solutions across Australia from project conception through to asset operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Pentium Water Specialised water management consulting services in hydrogeology, hydrology and environmental planning, delivered to mining, government and infrastructure clients in Australia.
• Pentium Hydro Dedicated hydrogeological drilling and dewatering business providing groundwater drilling and dewatering services primarily for mine and resource projects.
• Pentium Test Pumping Dedicated groundwater management service provider delivering test pumping and groundwater monitoring services.
• Project Engineering Specialises in Managed Aquifer Recharge (MAR) and hydraulic engineering solutions for aquifer storage and recovery.
• Vysarn Asset Management Targets investing opportunities in water, infrastructure assets and associated opportunities.
• Waste Water Services Designs, constructs, and operates custom wastewater treatment plants as part of Vysarn's vertically integrated service offering.
• CMP Consulting Group Water infrastructure engineering consultancy providing specialised water management and engineering services across Australia's eastern states.

Quantifiable outcome

• EPS accretion of approximately 25% from NewGround acquisition
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Welltech (Technologies International Group Pty Ltd)coreOthers · 28 July 2026Acquisition for up to $47.25 million comprising $37.25 million cash plus 4.76 million shares upfront, with up to $10 million in deferred consideration contingent on EBITDA targets over three years. Expected to close September 2026 pending regulatory approvals. Projected to deliver earnings per share accretion exceeding 37.3%, rising to 59.1% when combined with NewGround acquisition.
• NewGround (NWG Enterprises Pty Ltd)coreOthers · 3 June 2026Market-leading irrigation and water infrastructure business based in Western Australia, acquired for up to 33 million Vysarn shares plus $25 million cash. Deal structured with upfront and performance-linked deferred consideration tied to EBIT milestones. Expected to be approximately 25% EPS accretive. Acquisition multiples range from 4.3x to 5.9x EV/EBIT.
• Waste Water ServicescoreOthers · 21 November 2024Company acquired by Vysarn to provide wastewater treatment services. Designs, constructs, and operates custom wastewater treatment plants as part of the vertically integrated service offering.
• CMP Consulting GroupcoreOthers · 12 November 2024CMP Consulting Group is a water infrastructure engineering consultancy acquired by Vysarn to expand national footprint across Australia's eastern states. Acquisition completed in early December 2024 for undisclosed amount. CMP provides specialised water management and engineering services.
• Yield Test PumpingcoreOthers · 30 September 2021Local West Perth company acquired in 2021 to expand Vysarn's water services business. The acquisition strengthened Pentium Test Pumping's groundwater management service capabilities.

Scale indicators7 records

Recent moves7 records

Expansion highlights8 records

Broad incumbents

• Downer EDI: Large ASX-listed infrastructure group with a dedicated water services business spanning design, construction, and operations. Larger and broader portfolio than Vysarn but directly competing for the same enterprise and government contracts.
• Worley: ASX-listed global engineering services firm with a substantial water and environment practice serving mining, industrial, and municipal clients. Broad incumbent with overlapping hydrogeology and water infrastructure capabilities.
• SMEC (Surbana Jurong): International engineering consultancy with strong Australian presence and water infrastructure advisory work. Overlaps with CMP Consulting Group and Project Engineering on the consulting and design side.
• Jacobs Solutions: Global engineering and consulting firm with a substantial water and environmental practice serving mining, municipal, and industrial clients. Indirect peer given Vysarn's much smaller Australian footprint.

Direct peers

• Service Stream: ASX-listed provider of end-to-end infrastructure services to utilities, including water network construction and maintenance across Australia, directly comparable to Vysarn's vertically integrated water services model.
• Cleanaway Waste Management: ASX-listed waste and resource recovery company with significant liquid waste and industrial water services. Comparable as a vertically integrated environmental services operator in the Australian market.
• Veolia Australia and New Zealand: Subsidiary of global water services leader Veolia, operating water and wastewater treatment facilities across Australia. Directly comparable to Waste Water Services subsidiary on the operational services side and to broader Vysarn asset management operations.
• GHD: Australian engineering and consulting firm with a major water practice spanning advisory, design, and construction services. Comparable to CMP Consulting Group and Pentium Water consulting subsidiaries.
• Aurecon: Engineering and infrastructure advisory firm with deep expertise in water and wastewater consulting across Australia and the broader Asia-Pacific region. Directly comparable to CMP Consulting Group and Project Engineering capabilities.
• Ventia: ASX-listed infrastructure services provider with dedicated water sector capability spanning design, construction, and operations across Australia and New Zealand, closely aligned with Vysarn's end-to-end service offering.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/VysarnLimited
• LinkedInlinkedin.com/company/vysarn

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vysarn