• Acquired Matrix Hydro Services and Blue Hire, strengthening water services platform
• Acquisitions drive immediate EBITDA uplift and earnings accretion
• Expanded capabilities and geographic reach to support mining clients

Babylon Pump & Power Limited (ASX: BPP) has successfully completed the acquisitions of Matrix Hydro Services and Blue Hire, further strengthening its position as a specialist provider of integrated rental and technical water services. The acquisitions significantly enhance Babylon's front-end presence in the mining water lifecycle, with Matrix Hydro providing crucial early entry points into mining projects through its aquifer testing and groundwater solutions. Blue Hire expands Babylon's rental footprint with a focus on pumps, generators and hydrotesting services, adding geographic depth to the company's Western Australian operations. Both acquisitions were completed at attractive multiples, driving immediate EBITDA uplift and earnings accretion for Babylon. The combined business brings increased fleet scale, new revenue streams from recurring clients, and a larger footprint across key mining regions. Babylon is well-positioned for sustained earnings growth, stronger utilization and improved cash conversion as it integrates the new businesses and capitalizes on operational synergies.

The acquisitions of Matrix Hydro Services and Blue Hire are expected to deliver high-margin EBITDA uplift and extend cash flow visibility into FY26 and beyond. Babylon enters FY26 positioned for sustained earnings growth, stronger utilization and improved cash conversion.

The completion of the acquisitions reinforces Babylon's strategy to become a high-margin, integrated platform for rental and technical water services across every phase of mine development and operations. The expanded capabilities enhance the company's ability to pursue additional contract wins across the mining sector.