Babylon Pump & Power Secures Multi-Year Pump Hire and Maintenance Deal with Newmont

Babylon Pump & Power Ltd ( (AU:BPP) ) has provided an update.

Babylon Pump & Power has secured a three-year material contract with Newmont Mining Services to supply dry hire pumping equipment and associated maintenance services to Newmont’s Western Australian operations from 1 January 2026 to 31 December 2028. The deal, expected to generate about $3 million in annual revenue and represent around 10% of Babylon’s FY25 revenue base, formalises a longstanding relationship with one of the world’s leading gold producers and strengthens Babylon’s strategy of locking in high-quality, repeatable work with Tier 1 clients, underpinning revenue visibility and leveraging its recently expanded fleet and capabilities in the Australian resources sector.

The most recent analyst rating on (AU:BPP) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.

More about Babylon Pump & Power Ltd

Babylon Pump & Power Ltd (ASX: BPP) is an Australian specialist mining services provider focused on high-pressure pumping, dewatering and project water management for the resources sector, alongside customised power generation solutions spanning design, installation, commissioning, operations and maintenance. Headquartered in Perth with operations in Western Australia and Queensland, the company also offers maintenance and asset management services for high-horsepower mobile equipment, including engines and powertrain assemblies, and has recently expanded its fleet and technical capabilities through the acquisitions of Matrix Hydro Services and Blue Hire.

YTD Price Performance: -3.85%

Average Trading Volume: 49,075

Technical Sentiment Signal: Sell

Current Market Cap: A$15.87M

Find detailed analytics on BPP stock on TipRanks’ Stock Analysis page.