Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest announcement is out from Babylon Pump & Power Ltd ( (AU:BPP) ).
Babylon Pump & Power Limited has reported improved profitability and cash generation for the first half of FY25, despite challenges in the nickel sector affecting its rental business. The company achieved an EBITDA of $3.0M and a net profit after tax of $0.4M, supported by strong margin expansion. With positive operating cashflow in eleven of the last twelve quarters, Babylon is well-positioned for growth, aided by undrawn finance facilities and trade receivables from a blue-chip client base. The company is actively pursuing acquisition opportunities to enhance its capabilities in water management services for the resource sector, and anticipates revenue growth in the second half of FY25 through increased test pumping activity and new rental projects.
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 offers rental pumps and power generation solutions, catering to various sectors including mining, with a strong emphasis on specialty water management solutions.
Current Market Cap: €7.49M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.
