Fluence Delivers Strong 2025 Growth on SPS, Recurring Revenue and Ivory Coast Project

Fluence Corporation Limited ( (AU:FLC) ) just unveiled an update.

Fluence Corporation reported strong revenue and earnings growth for the fourth quarter and full year 2025, with annual revenue rising 52.3% to US$78.4 million and EBITDA improving by US$8.0 million to US$4.0 million, driven by healthy double-digit expansion in its higher-margin Smart Product Solutions and Recurring Revenue segments and a significant revenue contribution from the lower-margin Ivory Coast Addendum project. Despite the mix shift toward this large project, the company maintained gross margins at 29.9%, kept SG&A and R&D flat year-on-year, delivered record quarterly new orders in SPS and RR, expanded its total backlog to US$74.8 million, and ended the year with US$16.6 million in cash, positioning it for continued double-digit revenue growth and margin expansion even as Ivory Coast-related revenues decline, although it has opted not to provide specific financial guidance for 2026.

The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.

More about Fluence Corporation Limited

Fluence Corporation Limited is an ASX-listed water and wastewater treatment company that focuses on high-margin Smart Product Solutions (SPS) and Recurring Revenue (RR) services. Operating through market-focused business units including MWW, IWR, IWB, and SEA & China, the company serves global markets with modular, decentralized treatment technologies and long-term service contracts, while also executing larger infrastructure projects such as the Ivory Coast Addendum.

Average Trading Volume: 433,130

Technical Sentiment Signal: Hold

Current Market Cap: A$99.34M

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