Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Parkway Corporate Ltd (PWN.ASX) |
|---|---|
| Release Time | 29 Apr 2026, 8:18 a.m. |
| Price Sensitive | Yes |
Parkway Corporate reports strong quarterly performance
- Record quarterly operating revenue of $5.21 million
- Execution of major water infrastructure project well underway
- Advancing key activities for QBS Brine Management Complex (QBMC) project
Parkway Corporate Limited (ASX: PWN) has reported its activities for the quarter ending 31 March 2026. The company's Industrial Operations division, Parkway Process Solutions (PPS), generated operating revenues of $5.21 million, underpinned by a strong contribution from project execution related activities. PPS continues to experience significant growth by securing new business from a diverse range of clients for industrial water and wastewater treatment products, services and solutions. The company's major resource recovery project is nearing completion, with PPS successfully ramping up to a peak crew size of 30 FTE. Parkway's Industrial Technology division, Parkway Process Technologies (PPT), is focused on developing a portfolio of proprietary technologies for complex wastewater and industrial process streams. PPT is also progressing the commercialisation of its technologies, including developing modular packaged systems for brine pre-treatment, concentration, crystallisation and chemical synthesis. The company's wholly-owned subsidiary, Queensland Brine Solutions (QBS), is advancing the development of the QBS Brine Management Complex (QBMC) project, which aims to provide an industry-wide solution for waste brine and salt management in the Queensland coal seam gas industry. The QBMC project has secured a strategic site and is progressing through the development approval process.
Parkway is forecasting a material increase in revenue recognition, underpinning a record FY26 result. The company has a solid project backlog as well as a substantial pipeline of project opportunities which are expected to underpin future revenue growth and profitability.
Parkway's growth outlook remains encouraging, with record revenue anticipated for FY26 and heading into FY27, as the company has a solid project backlog and a substantial pipeline of project opportunities.