• Material improvement in revenue (+27%) and EBITDA (+64%) versus H2 FY24
• Strong cash flow turnaround with $2.2m operating cash inflow in the half
• Significant progress in key international markets including US, Europe, and Latin America

Rubicon Water Ltd reported its 1H FY25 results, highlighting a material improvement in revenue (+27%) and EBITDA (+64%) compared to H2 FY24. The company's gross margin percentage was 6 percentage points higher than the previous half, reflecting the increase in revenue. A combination of a weakened Australian dollar against most trading countries and a tax benefit contributed to an improvement in net loss after tax, which was 74% better than the previous half and 75% better than the prior corresponding period. The company generated $2.2m in operating cash flow in the half, a significant turnaround from the $8.5m outflow in the prior corresponding period. This was driven by stabilized inventory levels and the collection of aged Asian receivables. The company's global near-term pipeline remains healthy, with 310+ opportunities across over 20 countries. Key operational highlights include strong performance in the US market, a large contract win in Italy, and continued progress in India and Latin America. Rubicon is well-positioned for continued growth, with its globalization strategy delivering results.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company did not provide a detailed outlook statement in the announcement, but noted that the near-term pipeline remains healthy, with a diverse portfolio of potential and existing clients throughout key regions.