Rubicon Water Deepens Half-Year Loss as ANZ Sales Slide and FX Turns Adverse

Rubicon Water Limited ( (AU:RWL) ) has shared an announcement.

Rubicon Water Limited reported a 9.4% decline in half-year revenue to $29.0 million for the period ended 31 December 2025, with weakness concentrated in the Australia and New Zealand segment due to lower hardware and spare parts sales. Revenue in the Rest of World segment was stable as stronger European activity offset U.S. project delays, and the company signalled expectations of a recovery in Asia in the second half on the back of increased project work.

Underlying EBITDA swung further into loss territory at $5.9 million, down by $4.2 million year on year, while the statutory EBITDA loss widened to $6.2 million and net loss after tax more than quadrupled to $6.4 million, pressured by lower revenue, higher depreciation, and adverse foreign exchange movements. Net tangible assets per share fell to $0.21 from $0.27, and the board again refrained from declaring a dividend, underscoring the earnings pressure and highlighting ongoing challenges in key markets despite management’s expectation of regional recovery ahead.

The most recent analyst rating on (AU:RWL) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Rubicon Water Limited stock, see the AU:RWL Stock Forecast page.

More about Rubicon Water Limited

Rubicon Water Limited operates in the water management technology sector, supplying irrigation hardware, control systems, and related services. The company serves agricultural and water utility customers across Australia, New Zealand, Asia, Europe, and the U.S., with a focus on modernising and automating irrigation networks to improve efficiency and reliability.

Average Trading Volume: 48,090

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$43.34M

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