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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 (14.29%)+
Announcement
Release
30 Jul 2026 8:24AM
Price at Release
$0.011
Full Release
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Summary
Parkway Corporate Limited, an Australian water and wastewater treatment company, reported strong quarterly performance for the period ending 30 June 2026. The company achieved record operating revenues of approximately $7.25 million, reflecting a 72% increase from the previous year. This growth is attributed to Parkway's strategic focus on complex, high-value infrastructure projects, primarily through its Parkway Process Solutions (PPS) division. PPS is involved in delivering conventional water treatment products and services, as well as specialty project execution. The company is also driving advancements in process technologies through Parkway Process Technologies (PPT), focusing on innovative R&D and commercialization efforts. A notable development includes a strategic collaboration with Hitachi to create ultra-high brine concentration systems aimed at addressing global markets. Parkway maintains a strong cash position and is actively pursuing growth opportunities, with plans to expand partnerships and continue project development.
Key Points
  • Parkway reported record operating revenues of $7.25 million for the quarter ending 30 June 2026.
  • The revenue growth represents a 72% increase compared to the previous year.
  • The company's Industrial Operations division focuses on high-value infrastructure projects.
  • Parkway Process Solutions (PPS) is the key SMP contractor for a major municipal resource recovery project.
  • PPS expanded its vendor status with major Australian and international companies.
  • Parkway Process Technologies (PPT) focuses on innovative process technology development.
  • The company announced a strategic collaboration with Hitachi for brine concentration systems.
  • Parkway maintains a strong cash balance of $2.89 million at the end of the reporting period.
  • The company is in discussions with partners to support project development and growth.
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.