Waterco Limited (ASX: WAT) - Financials

- Current share price for WAT : $6.350

Waterco (WAT) is an ASX-listed company and is not held by any exchange traded funds (ETFs). It manufactures and distributes a diverse range of products for the international swimming pool and water treatment markets. The company is also the franchisor of Swimart, Australia and New Zealand's leading network of pool and spa retail outlets and is also the distributor of Zane Pool Heating solutions via a network of Australian dealerships.

WAT Per Share

Year to Jun	Sales	Cashflow	Earnings	Dividends	Franking	Book Value	Average Annual P/E	Relative P/E	Shareholder Return
2026	$7.38	40.8 ¢	46.9 ¢	20 ¢	100%	$4.39	11.9	80.8%	-26.4%
2025	$7.22	60.1 ¢	27.4 ¢	15 ¢	100%	$4.05	23.5	168.6%	33.8%
2024	$6.96	69.7 ¢	39.6 ¢	15 ¢	100%	$3.68	11.8	85.5%	37.4%

WAT Capital Structure

Total Debt	Interest	Long Term Debt	Percent Debt	Preferred Stock	Share Equity	Percent Equity
$87,385	$4,474.00	$74,174	33%	$0.00	$153,798	67%

Note: All dollars in thousands ('000) for the table above

WAT Historical Financials

	2026	2025	2024
Revenue ($M)	259.3	253.9	244.8
Operating Margin (%)	14.3	11.5	14
Depreciation ($M)	-12.1	-12.5	-11.3
Amortisation ($M)
Net Profit Before Abs ($M)	16.5	9.6	13.9
Net Profit After Abs ($M)	15.5	9.6	13.9
Income Tax Rate (%)	21.1	21	24.3
Net Profit Margin (%)	6.3	3.8	5.7
Employees ($T)	0.9	0.9	1
Long Term Debt ($M)	74.2	66.7	63.9
Shareholders Equity ($M)	153.8	142.3	129.5
Return on Capital (%)	9	6	9
Return on Equity (%)	10.7	6.8	10.8
Payout Ratio (%)	43	55	38

WAT Cashflow

	2026	2025	2024
Customer Receipts ($M)	275	277	253
Net Operating Cashflow ($M)	14.3	21.1	24.5
Net Investing Cashflow ($M)	-9	-3	-56
Net Financing Cashflow ($M)	-9	-12	38

WAT Market & Earnings

	2026	2025	2024
Market Cap ($M)	176	246	189
Net Gearing (%)	43.5	40.5	54.2
Net Interest Cover (%)	5.57	3.69	5.02
Dividend Yield (%)	4	2.1	2.8
NTA Per Share ($)	4.36	4.01	3.61
EBITDA ($M)	37	29.3	34.2
EBIT ($M)	24.9	16.8	22.9
EBT Before Abs ($M)	20.5	12.2	18.3

WAT Balance Sheet

	2026	2025	2024
Cash ($M)	20.4	24.5	16.8
Debtors ($M)	31.7	31.6	37
Other Debtors ($M)	1.72	1.82	1.08
Prepayments ($M)	5.8	6.61	3.13
Inventories ($M)	99.2	92.7	189.6
Current Investments ($M)
Other Current Assets ($M)			3.13
Total Current Assets ($M)	158.9	157.3	250.7
Receivables ($M)
Inventories ($M)
Property, Plant & Equipment ($M)	193.2	190.6	156
Accumulated Depreciation ($M)	-75	-87.6	-74.4
Intangibles ex. Goodwill ($M)	1.12	1.17	1.27
Goodwill ($M)			1.14
Future Income Tax Benefit ($M)	2.03	2.76	4.6
Non-Current Investments ($M)
Other Non-Current Assets ($M)
Total Non-Current Assets ($M)	121.4	107	88.6
Total Assets ($M)	280.3	264.2	339.3
Accounts Payable ($M)	26.1	26	35.6
Provisions ($M)	7.65	9.49	21.08
Short Term Debt ($M)	13.2	15.7	23.3
Other Current Liabilities ($M)
Total Current Liabilities ($M)	46.9	51.1	80
Creditors ($M)
Long Term Debt ($M)	74.2	66.7	63.9
Provisions ($M)	5.08	3.79	7.37
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M)	79.3	70.5	71.2
Total Liabilities ($M)	126.2	121.6	151.2
Share Capital ($M)	32.9	33.6	33.6
Reserves ex. Share Premium ($M)	34.4	32.4	24
Share Premium Reserve ($M)
Retained Profits ($M)	86.5	76.3	72
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)	0.27	0.37	0.31
Total Shareholders Equity ($M)	154.1	142.6	129.8

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