Babylon Pump & Power Ltd Announces Recapitalisation and Strategic Focus
Key points
- Specialist rental business expected to grow ~160% in FY26 with revenue of $26 million
- NAB extends facilities to July 2027 and waives principal repayments for June and September 2026
- Substantial shareholders support proposed capital raise to strengthen balance sheet
Full summary
Babylon Pump & Power Limited, a specialist in high-pressure pumping and dewatering, has announced an update on its recapitalisation and strategic focus. The company's specialist rental business is performing strongly, with FY26 rental revenue expected to grow by approximately 160% to $26 million. The National Australia Bank (NAB) has agreed to revised funding arrangements, including an extension of facilities to July 2027 and a waiver of principal repayments for June and September 2026. The company is also progressing a recapitalisation plan to strengthen its balance sheet, fund growth, and support the resumption of trading. Substantial shareholders have indicated their support for the proposed capital raise.
Guidance
FY26 rental revenue expected to be approximately $26 million, up ~160% from FY25
Outlook
Babylon Pump & Power Ltd expects to complete the transition to a focused water management rental business with improving earnings quality and growth prospects.
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