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Fluence Corporation Limited (ASX:FLC)

ALERT: Price-sensitive ASX Announcement for FLC
Current share price for FLC : $0.080 -0.009 (-10.11%)+
Announcement
Release
30 Apr 2026 8:28AM
Price at Release
$0.089
Full Release
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Summary
In Q1 2026, Fluence Corporation Limited, an Australian company, reported a revenue increase of 3.6% to $17.2 million compared to Q1 2025. The company saw a significant backlog increase to $64.4 million with MWW, IWR, IWB, and SEA & China business segments contributing notably. However, new orders for the quarter were lower at $7.5 million, largely due to project delays. Despite this, the company anticipates a strong uptick in new orders in Q2 2026. The financial performance was bolstered by a 39.1% growth in EBITDA, reaching $0.5 million. Major projects include the Ivory Coast water treatment plant, valued at €164 million and expected to reach final acceptance by Q3 2026, alongside several notable orders globally. The company maintains a strategic focus on expanding high-margin revenue segments and enhancing its presence in high-growth end-markets.
Key Points
  • Q1 2026 revenue grew by 3.6% to $17.2 million.
  • Backlog increased to $64.4 million, with MWW, IWR, IWB, and SEA & China contributing.
  • New orders were $7.5 million, lower due to project delays.
  • Anticipates a significant increase in new orders in Q2 2026.
  • EBITDA for Q1 2026 grew by 39.1% to $0.5 million.
  • Major project in Ivory Coast valued at €164 million with expected final acceptance by Q3 2026.
  • Strategic focus on high-margin revenue segments and high-growth markets.
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.