Stockspec,EBITDA = $1,860mJobKeeper payments = $3.030m ............

Stockspec,

EBITDA = $1,860m
JobKeeper payments = $3.030m ......... What would have happened without Jobkeeper?

Also, revenue is down 12% for the year, so the question is, what happens if Veris does not qualify for Jobkeeper payments after 30th Sept?
It seems to me that Jobkeeper payments are doing what they are intended in the short term, but they seem to be disguising the underlying problems.

You ask why was there a loss? I concur with your assessent of staff under utilisation, and would add low job margins as well.