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Rivco Australia Ltd (ASX:RIV)

ALERT: Price-sensitive ASX Announcement for RIV
Current share price for RIV : $1.440 0.01 (0.70%)+
Announcement
Release
22 Apr 2026 9:27AM
Price at Release
$1.430
Full Release
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Summary
Rivco Australia Limited has announced the execution of a major long-term water lease agreement with Kyndalyn Park Pty Ltd, a subsidiary of Select Harvests Limited. The lease, set to commence on 1 July 2026, covers a period of five years with a total contract value of approximately $11.7 million and a leased entitlement value of $48.6 million. This agreement represents a significant augmentation to Rivco's lease portfolio, ensuring that about 82% of its portfolio by value is leased from the start date. The deal aligns with Rivco’s strategic goals of enhancing its leased water percentage and bolstering its revenue base through long-term contracts.
Key Points
  • Rivco Australia Limited executes a long-term water lease agreement with Kyndalyn Park Pty Ltd.
  • The water lease is for a term of 5 years, beginning on 1 July 2026.
  • The total contract value of the lease is approximately $11.7 million.
  • The leased entitlement value is approximately $48.6 million.
  • The agreement strengthens Rivco’s long-term contracted revenue base.
  • 82% of Rivco's portfolio by value is expected to be leased from 1 July 2026.
  • The agreement is consistent with Rivco's strategic objective to increase its leased water percentage.
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.