Babylon Pump & Power Ltd ( (AU:BPP) ) just unveiled an announcement.
Babylon Pump & Power Limited reported a quarterly operational cash outflow of $0.8 million due to seasonal factors in its maintenance segment, despite strong invoicing in March. The company maintains a positive outlook with $3.0 million in undrawn finance facilities and $6.7 million in trade receivables from blue-chip clients. Babylon is actively pursuing acquisition opportunities to expand its capabilities in water management for the resource sector and anticipates steady business performance with positive cash flow in FY25 and beyond. The rental segment saw multiple project wins, including power generation mobilization and hybrid power module commissioning, indicating recovery in rental utilization after previous setbacks.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Limited is a specialist resources services provider focusing on equipment and services for resource sector water management. The company operates in the maintenance and rental segments, offering services such as rebuilding large engines and providing portable power solutions. Babylon also distributes HIGRA pumps, catering to a blue-chip client base.
Current Market Cap: €7.02M
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