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Rubicon Water Limited (ASX:RWL)

ALERT: Price-sensitive ASX Announcement for RWL
Current share price for RWL : $0.061 -0.204 (-76.98%)+
Announcement
Release
25 Feb 2025 9:30AM
Price at Release
$0.265
Full Release
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Summary
Rubicon Water Limited (ASX: RWL) announced its 1H FY25 results, reporting a revenue of $32.0 million, a 27% increase from the previous half, and an underlying EBITDA loss of ($1.7 million), which is an improvement compared to the prior period. The net loss after tax improved by 75% to a loss of ($1.4 million) compared to ($5.6 million) in the previous corresponding period. Highlights include positive operating cash flow of $2.2 million and significant capital raising of $16.0 million. The company expressed confidence in its future growth driven by a strong pipeline of expected contracts and ongoing investments in agricultural water efficiency.
Key Points
  • H1 FY25 revenue of $32.0m, up 27% on the previous half
  • H1 FY25 underlying EBITDA loss of ($1.7m), up 64% on the previous half
  • H1 FY25 NLAT improved 75% to a loss of ($1.4m) vs ($5.6m) pcp
  • H1 FY25 positive Operating Cashflow of $2.2m, vs ($8.5m) cash outflow pcp
  • Net Debt at 31 December 2024 of $14.9m vs $31.3m at 30 June 2024
  • US market revenue up 22% on the pcp
  • Successful $16.0m capital raising undertaken
  • Confident outlook with strong contract pipeline for the remainder of FY25 and beyond
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.