• Timing of maintenance segment cashflows resulting in operational outflow of $0.8M for Q3 FY25
• $3.0M of undrawn finance facilities available plus $6.7M in trade receivables to support continued growth
• Rental segment sees multiple power generation wins, recovery of rental utilization continues

Babylon Pump & Power Limited (ASX: BPP) has presented a quarterly update and cash flow report for the period ended 31st March 2025. The Company recorded cash receipts of $5.6M and operating cashflow of ($0.8M) for the quarter. The small negative operating cash flow resulted from working capital requirements in the maintenance segment, which saw a seasonally quiet January and February followed by strong invoicing levels in March. This quarterly operational outflow is expected to be a nuance of a seasonally quieter January & February, exacerbated by a strong March. The rental segment has had multiple power generation wins during the quarter as 1.5MW of portable power was mobilised to a large iron ore mine site and another hybrid power module was commissioned for a large multinational gold miner. Recovery of rental utilisation continues with wins in the gold and iron sectors. The Maintenance segment continues to operate at above historical EBITDA margins but the challenge for the quarter was timing of client projects. Client enquiries and quoting levels remain particularly strong in Queensland, but several clients are now discussing pushing works into early FY26.

The Board is focused on the continuing improvements in business performance, management of cashflow, safety and strategy execution. Babylon seeks to add new assets while driving organic growth in the rental segment and remains alert for potential acquisitions to build rental scale and expand the Company's capabilities in the mining services sector.