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Rubicon Water Limited ( (AU:RWL) ) just unveiled an announcement.
Rubicon Water Limited reported a revenue of $32.0 million for the first half of FY25, marking a 27% increase from the previous half. Despite an underlying EBITDA loss of $1.7 million, the company showed significant improvement in its net loss after tax, which decreased by 75% compared to the previous corresponding period. The company also achieved a positive operating cash flow of $2.2 million and reduced its net debt significantly. Rubicon’s global expansion strategy is yielding positive results, with notable contract signings in the US, Latin America, and EMEA regions. The company is optimistic about its growth prospects, supported by a strong pipeline of projects and increasing demand for water management solutions.
More about Rubicon Water Limited
Rubicon Water Limited is an Australian company specializing in water technology solutions. The company focuses on agricultural water efficiency and has a strong presence in various global markets including the US, Asia, and Latin America.
YTD Price Performance: -8.62%
Average Trading Volume: 86,285
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$63.78M
Learn more about RWL stock on TipRanks’ Stock Analysis page.