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An update from Babylon Pump & Power Ltd ( (AU:BPP) ) is now available.
Babylon Pump & Power Limited has agreed to sell its non-core industrial services subsidiary Ausblast, which provides vacuum truck and high‑pressure water blasting services, to Sandgroper Group Holdings for $2.8 million in cash, implying a 5.6x annualised EBITDA multiple based on Ausblast’s first-half FY26 performance. The divestment is designed to simplify Babylon’s business, reduce operational and execution risk, and sharpen its strategic focus on its core water management and rental platform, with approximately $1.5 million of proceeds earmarked to cut net debt and around $1.3 million to support working capital and organic growth in its rental operations, following recent growth-focused acquisitions in water management and equipment hire.
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 Limited is a specialist resources services provider focused on integrated water management, rental and technical services to the resources sector. The company operates an expanding rental fleet and water management platform, targeting higher‑return, lower‑risk activities in support of mining and related industries.
YTD Price Performance: -3.57%
Average Trading Volume: 33,943
Technical Sentiment Signal: Sell
Current Market Cap: A$17.14M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.