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Babylon Pump & Power Limited (ASX:BPP)

ALERT: Price-sensitive ASX Announcement for BPP
Current share price for BPP : $0.078 -0.028 (-26.19%)+
Announcement
Release
26 Feb 2026 8:10AM
Price at Release
$0.105
Full Release
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Summary
The half-year report for Babylon Pump & Power Limited (BPP) for the period ending 31 December 2025 details a challenging financial period with a reported loss of $7,158,662, compared to a profit of $398,303 in the previous corresponding period. Revenue saw a marginal increase of 1.3% to $17.6 million, while underlying EBITDA remained relatively stable at $3 million. The company underwent significant changes, including the integration of Matrix Hydro Services and Blue Hire, which expanded its rental platform. Despite difficulties in the maintenance sector, particularly in the coal industry, the rental segment showed strong growth with a 211.8% increase in revenue. The report highlights strategic initiatives such as a share consolidation to improve capital structure and several contract wins that enhance revenue visibility. The financial report also notes a divestment of Pilbara Trucks Pty Ltd, simplifying the group's structure.
Key Points
  • Revenue increased slightly by 1.3% to $17.6 million.
  • Reported EBITDA showed a significant decline, with a 211.7% change.
  • Loss for the period was $7,158,662.
  • No dividends were declared for the period.
  • Successful integration of Matrix Hydro Services and Blue Hire.
  • Rental segment revenue increased by 211.8%.
  • Divestment of Pilbara Trucks Pty Ltd.
  • Strategic share consolidation on a 30-1 basis.
  • New contracts secured for future revenue visibility.
  • Auditor's review concluded no significant issues affecting the financial report.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.