InvestSMART

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 9:34AM
Price at Release
$0.180
Full Release
download
Summary
Rubicon Water Limited reported its half-year financial results for FY26, highlighting a revenue drop to A$29.0 million, down from the previous year's A$32.0 million. The company faced challenges such as a stronger Australian dollar affecting offshore revenue and delays in US government funding, leading to an underlying EBITDA loss of A$5.9 million. Despite these setbacks, Rubicon achieved record contract signings in Europe, strong momentum in Latin America, and secured their first corporate-funded project in the US. The company expects a stronger second half of FY26, driven by a strong project pipeline and anticipated funding resumption for delayed projects.
Key Points
  • H1 FY26 revenue of A$29.0m, down A$3.0m
  • Underlying EBITDA loss of A$5.9m
  • Record European contract signings of A$6.9m
  • Strong Latin American contract momentum
  • First corporate-funded contract in the US worth A$2.3m
  • Potential A$30m in tender projects
  • A$9.3m in new work contracted in H2 FY26
  • Expecting a stronger second half of FY26
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.