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Waterco Limited (ASX:WAT)

ALERT: Price-sensitive ASX Announcement for WAT
Current share price for WAT : $7.210 1.71 (31.09%)+
Announcement
Release
28 Aug 2026 4:10PM
Price at Release
$5.500
Full Release
download
Summary
Waterco Limited’s Appendix 4E Preliminary Final Report for the Australian financial year ended 30 June 2026 reports a stronger FY26 result, with revenue from continuing operations rising 1.7% to $259.3 million, statutory EBIT increasing 42.3% to $23.8 million, underlying EBIT up 20.3% to $24.8 million, and net profit attributable to members rising 61.6% to $15.5 million; earnings per share increased to 44.0 cents and total declared fully franked dividends rose to 20 cents per share, comprising a 7 cent interim and 13 cent final dividend, while net tangible assets per share improved to $4.31. Management attributed the turnaround to manufacturing insourcing, cost discipline, lower foreign exchange losses after FY25 treasury restructuring, and operational integration benefits, although net debt increased to $31.3 million and cash from operating activities declined to $14.3 million amid higher capital expenditure. Divisional performance was mixed, with ANZ EBIT down 12% due to supply chain realignment, New Zealand softness and restructuring costs, offset by strong gains in North America and Europe and a significant recovery in Asia and the Middle East; the report also highlights Swimart network growth, Davey’s solid rural water transfer performance, strategic European distribution progress, Malaysian manufacturing expansion, and ongoing investment in product development including Electrochlor GEN2, OPTI, MultiCyclone 16 GEN2 and a new B2B trade portal. The report was unaudited at the time of release and signed by the CEO on 28 August 2026.
Key Points
  • FY26 revenue from continuing operations increased 1.7% to $259.3 million.
  • Net profit attributable to members increased 61.6% to $15.5 million.
  • Statutory EBIT rose 42.3% to $23.8 million and underlying EBIT rose 20.3% to $24.8 million.
  • Earnings per share increased from 27.2 cents to 44.0 cents.
  • Total fully franked dividends declared for FY26 were 20 cents per share, including a 13 cent final dividend.
  • Net tangible assets per ordinary share increased to $4.31 from $3.94.
  • Net debt increased from $24.9 million to $31.3 million.
  • ANZ divisional EBIT fell 12%, while North America and Europe EBIT rose 59% and Asia and Middle East EBIT improved strongly.
  • Swimart added three new franchise stores and continued sales growth.
  • Davey delivered a robust ANZ performance supported by water transfer demand and dealer network strength.
  • The group continued integrating Waterco and Davey under a 'two brands, one backbone' model.
  • Waterco expanded manufacturing capability in Malaysia and completed land acquisition for future capacity growth.
  • The company highlighted strategic growth opportunities in Europe and the Middle East.
  • Product development focus included Electrochlor GEN2, OPTI, MultiCyclone 16 GEN2 and a new B2B trade portal.
  • The report is unaudited and relates to the year ended 30 June 2026.
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.