• Sales revenue up 14% to $132.4 million
• Underlying EBITDA down 4% to $16.6 million
• Statutory NPAT down 15% to $5.9 million
• Interim dividend of 7 cents per share declared

Waterco Limited (ASX: WAT) has announced its financial results for the half-year ended 31 December 2024 (HY25). Sales revenue increased by 14% to $132.4 million, driven by strong performance in the Australian pool division. However, underlying EBITDA declined by 4% to $16.6 million, and statutory NPAT decreased by 15% to $5.9 million, due to cost pressures and foreign exchange translation losses. The ANZ region saw a 12% increase in sales to $109.2 million, with EBIT remaining stable at $9.1 million. North America and Europe recorded a 22% sales increase to $15.4 million, but EBIT declined 30% to $0.5 million due to short-term cost pressures. The Asia segment reported a 15% sales increase to $7.8 million, though EBIT declined to $0.2 million primarily due to foreign exchange translation losses. The company is focused on leveraging synergies from the Davey integration, optimizing supply chain and manufacturing operations, and investing in future growth through capability upgrades and expanded production capacity. Waterco expects an improved second-half performance, driven by seasonal demand, operational efficiencies, and cost-saving initiatives. The Board has declared an interim fully franked dividend of 7.0 cents per share.

Waterco anticipates a stronger second half, supported by positive Australian summer conditions driving demand in the ANZ Pool vertical. A seasonal uptick in sales is also projected for the US and European markets. The company continues to monitor market conditions in Asia to refine its outlook. Expanded manufacturing capacity will support growth across key regions, while further synergies from facility consolidation and the Davey integration are expected to drive operational efficiencies. Waterco is also exploring new distribution channels and strategic partnerships to capitalise on its vertical integration advantages.