Duxton Water Advances Internalisation and Strengthens Financial Position

Duxton Water Ltd. ( (AU:D2O) ) has shared an announcement.

Duxton Water Limited announced the approval of its internalisation proposal during its 2024 Annual General Meeting, aiming to transition to a fully internalised business within 18 months. The company also completed a $121 million sale of entitlements to the Australian Government, using $108 million to repay debt, reducing its net debt ratio to approximately 3%. This positions Duxton Water to capitalize on future opportunities. Despite stable portfolio valuations and net asset value, allocation prices have risen, and the company is preparing for the new water year with several leases secured, expecting to be 52% leased from July 2025.

The most recent analyst rating on (AU:D2O) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:D2O Stock Forecast page.

More about Duxton Water Ltd.

Duxton Water Limited operates in the Australian water entitlement industry, focusing on building a portfolio of permanent water entitlements. The company provides flexible water supply solutions to Australian farming partners through long-term entitlement leases, forward allocation contracts, and spot allocation supply.

Average Trading Volume: 199,108

Technical Sentiment Signal: Buy

For an in-depth examination of D2O stock, go to TipRanks’ Overview page.