Quarterly Activities/Appendix 5B Cash Flow Report
Stock | Parkway Corporate Ltd (PWN.ASX) |
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Release Time | 28 Apr 2025, 8:20 a.m. |
Price Sensitive | Yes |
Parkway Corporate Ltd Quarterly Activities/Appendix 5B Cash Flow Report
- Strong quarterly operating performance with focus on strategic growth opportunities
- Progress in strengthening Parkway as a leading provider of integrated engineering solutions
- Focus on safety and performance, underpinned by successful renewal of ISO certifications
Parkway Corporate Limited (ASX: PWN, FSE: 4IP) has reported its activities for the quarter ending 31 March 2025. The company is a leading Australian water & wastewater treatment and process technology company, focused on the commercialization of a portfolio of innovative process technologies in key industrial markets. Parkway's operations are divided into two strategically integrated capacities: the Industrial Operations business division and the Industrial Technology business division. During the reporting period, Parkway's Industrial Operations division, Parkway Process Solutions (PPS), generated increasing operating revenues of $3.40 million, underpinned by a strong contribution from project execution related activities. The ongoing focus on targeting more specialized projects requiring engineered solutions continued to support the transition to profitability, with $0.40 million in EBITDA generated during the period. Parkway's Industrial Technology division, Parkway Process Technologies (PPT), continues to build a portfolio of proprietary technologies, capable of providing highly integrated process solutions for a range of complex wastewater and industrial process streams. The development and commercialization of these proprietary process technologies remains an important priority for Parkway, with a range of ongoing activities focused on the company's Queensland Brine Solutions (QBS) subsidiary and its plans to provide an industry-wide solution to the waste brine and salt related challenges facing the Queensland coal seam gas (CSG) industry.