• Rental segment had its strongest quarter of FY25, led by growth in utilization and expanded test pumping activity
• Settlement of Matrix and Blue Hire acquisitions imminent, positioning Babylon as a leading water and equipment services platform
• Maintenance segment delivers major builds for Thiess, closing FY25 with strong momentum

Babylon Pump & Power Limited (ASX: BPP) has reported a strong quarterly update and cash flow report for the period ended 30 June 2025 (Q4 FY25). The company's Rental segment recorded its strongest revenue quarter of FY25, with notable improvement in utilization following a quieter mid-year period. Activity increased in the gold sector, particularly in test pumping, where Babylon secured contracts at several mine sites across Western Australia and the Northern Territory. These early-stage engagements have already led to downstream water management opportunities, validating Babylon's strategy to deliver across the full water cycle. Preparatory work to integrate Matrix Hydro Services and Blue Hire also progressed during the quarter, with collaboration on multiple projects. The Maintenance division delivered a strong finish to FY25, with increased customer demand and project delivery contributing to higher billings in June. This included the successful completion of multiple engine builds for Thiess and ongoing field service work for mining clients. The company recorded a net operating cash inflow of $108k for the quarter with receipts from customers of $8.1 million. Babylon enters FY26 with a significantly enhanced rental fleet, expanded customer footprint and an integrated water management platform following the completion of its acquisitions of Matrix Hydro Services and Blue Hire. Key priorities in the coming quarter include leveraging cross-selling opportunities, optimizing utilization across the expanded fleet, driving profitable growth in high-margin rental and technical services, and maintaining a disciplined focus on cash generation and debt reduction.

Following the completion of its acquisitions of Matrix Hydro Services and Blue Hire, Babylon enters FY26 with a significantly enhanced rental fleet, expanded customer footprint and an integrated water management platform. Key priorities in the coming quarter include leveraging cross-selling opportunities, optimizing utilization across the expanded fleet, driving profitable growth in high-margin rental and technical services, and maintaining a disciplined focus on cash generation and debt reduction.