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Rivco Australia Lifts NAV as Tightening Water Markets Drive Yields Higher

Story Highlights
  • Rivco’s pre-tax NAV edged up to $1.77 per share in December, supported by stronger allocation prices and valuation gains despite a softer share price.
  • Southern Basin water storages fell and spot prices surged, pushing yields to multi-year highs as Rivco expanded its high-security entitlement portfolio with a $3m leaseback deal.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rivco Australia Lifts NAV as Tightening Water Markets Drive Yields Higher

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

Rivco Australia reported a modest rise in its pre-tax net asset value to $1.77 per share in December 2025, up 2 cents, driven by stronger allocation prices and valuation gains on selected water entitlements, even as the share price closed lower at $1.44. The company highlighted tightening conditions in the Southern Basin, with weighted-average dam storage levels falling to their lowest December reading since 2020 and spot prices in the Lower Murray jumping about 19% in December and a further 18% in early January, pushing spot and lease yields on many entitlements to their highest levels since early 2020. Against this backdrop, Rivco completed a $3 million acquisition and leaseback of South Australian high-security entitlements, with a five-year lease commencing in mid-2026, bolstering its leased portfolio and reinforcing its position as a key player in Australia’s water entitlement market.

The most recent analyst rating on (AU:RIV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:RIV Stock Forecast page.

More about Duxton Water Ltd.

Rivco Australia Limited is an ASX-listed specialist water investment company with total water assets of about $292 million and 58.7 gigalitres of water entitlements. The company focuses on owning and leasing water entitlements, with 54% of its portfolio currently leased on a weighted average lease expiry of 3.3 years, and it provides income to investors via dividends supported by water allocation and leasing markets in Australia’s Southern Basin.

Average Trading Volume: 124,280

Technical Sentiment Signal: Buy

Current Market Cap: A$231.9M

For a thorough assessment of RIV stock, go to TipRanks’ Stock Analysis page.

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