• Refresh Waters business grew 5% in Q3 and 6% year-to-date
• Refresh Plastics business grew 22% in Q3 and 11% year-to-date
• Management focused on operational efficiencies and future growth plans

Eneco Refresh Ltd (ASX: ERG) has reported a 7% increase in total revenue for the third quarter ending March 2026, compared to the same period last year. The Refresh Waters business delivered a 5% growth in Q3 and is currently 6% or $611,000 favourable year-to-date compared to the prior year. The management team has shifted focus from the turnaround plan to a future growth plan, which is reflected in the improved results. Sales into major retailers increased throughout the period, while several initiatives to reduce operational costs have helped deliver profitable results in every branch for the quarter and year-to-date. The Refresh Plastics business experienced a quiet January but excelled in February and March, establishing an 11% or $226,000 revenue improvement year-to-date compared to 2025. Modifications and redesigns of current saleable items have brought new opportunities for the Plastics business, and the company continues to offer its bespoke service to new and existing customers. The effects of the Middle East conflict and subsequent cost increases of fuel and raw materials were relatively low as the company ended the quarter. However, the management team is taking a proactive approach with suppliers and customers to address pricing movements and mitigate wherever possible.

The management team has a solid action plan in place to address the significant challenges currently faced, and the Board has confidence that the plan and focus is what it needs to be in such an environment.