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Rubicon Water Limited (ASX:RWL)

ALERT: Price-sensitive ASX Announcement for RWL
Current share price for RWL : $0.063 -0.117 (-65%)+
Announcement
Release
27 Feb 2026 9:35AM
Price at Release
$0.180
Full Release
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Summary
Rubicon Water Limited's half-year results presentation for the fiscal year 2026 highlights a challenging period due to a stronger Australian dollar and US government funding uncertainties that impacted revenue, which decreased to A$29.0 million from A$32.0 million in the prior corresponding period. The company reported an underlying EBITDA loss of A$5.9 million. Despite this, Rubicon secured significant contracts across Europe, Latin America, and the US, totaling A$11.9 million, indicating robust market engagement. Notably, Rubicon expanded its offerings with its first corporate-funded project and the introduction of the FloodGateTM in Australia for floodplain management. Looking forward, the company is optimistic about the second half of FY26, anticipating improvements in US market conditions and the successful conversion of major project tenders, which are expected to contribute to multi-year growth opportunities supported by policy-backed objectives.
Key Points
  • Revenue decreased to A$29.0 million due to stronger Australian dollar and US funding issues
  • Underlying EBITDA loss of A$5.9 million
  • Significant contract signings in Europe, Latin America, and the US totaling A$11.9 million
  • Introduction of FloodGateTM for floodplain management in Australia
  • First corporate-funded project secured
  • Anticipate improved US market conditions in H2 FY26
  • Strong near-term pipeline with major projects expected to contribute to growth
  • Policy-backed growth opportunities globally
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.