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Parkway Corporate Limited ( (AU:PWN) ) has issued an update.
Parkway Corporate reported a strong March quarter, with its Industrial Operations arm generating record operating revenue of $5.21 million, largely driven by project execution activities on a major municipal resource recovery and water infrastructure project. The company has onboarded an operations manager and expanded its accredited vendor base to major domestic and international clients, including APA Group and Siemens, strengthening its platform for future work.
The firm is advancing development of its QBS Brine Management Complex, progressing key development application milestones and partnering with global OEM and EPC groups to build a modular brine processing product range. Supported by a solid project backlog, growing client relationships, and ramped-up construction activity expected to continue into FY27, Parkway anticipates a record FY26 result and improving profitability underpinned by $0.73 million in quarterly EBITDA.
More about Parkway Corporate Limited
Parkway Corporate Limited is an Australian water and wastewater treatment and process technology company operating through two integrated divisions: Industrial Operations and Industrial Technology. Its Parkway Process Solutions unit focuses on conventional treatment products, specialty project execution services, and engineered water infrastructure solutions for energy, mining, engineering contractors, and municipal water authorities.
YTD Price Performance: -23.08%
Average Trading Volume: 1,584,697
Technical Sentiment Signal: Sell
Current Market Cap: A$27.69M
See more data about PWN stock on TipRanks’ Stock Analysis page.