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Parkway Corporate Limited (ASX:PWN)

ALERT: Price-sensitive ASX Announcement for PWN
Current share price for PWN : $0.012 0.002 (20%)+
Announcement
Release
29 Apr 2026 8:18AM
Price at Release
$0.010
Full Release
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Summary
Parkway Corporate Limited reported a strong quarterly performance for the period ending 31 March 2026, with significant activities in its Industrial Operations and Technology divisions. The company recorded a quarterly operating revenue of $5.21 million, a 45% increase from the same quarter in the previous year, supported by a major water infrastructure project. In the quarter, net cash used in operating activities was $82,000, with $565,000 used in investing activities and a net $366,000 generated from financing activities. Parkway continues to advance its Queensland Brine Solutions (QBS) project, focusing on developing a waste-to-chemicals strategy, as part of its broader brine management solution. Additionally, the company maintained a cash reserve of $1.7 million at the end of the quarter and noted a favorable outlook for continued revenue growth.
Key Points
  • Quarterly operating revenue was $5.21 million.
  • Net cash used in operating activities was $82,000.
  • Investing activities used $565,000.
  • Financing activities generated a net $366,000.
  • Cash reserves at quarter end were $1.7 million.
  • The QBS project focuses on waste-to-chemicals strategy.
  • Parkway anticipates continued revenue growth.
  • Operating performance was bolstered by a major water infrastructure project.
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.