• Rights Issue aims to raise up to A$12.7 million before costs
• Issue price set at A$0.05 per share, a 37.5% discount to 10-day VWAP
• Funds to recapitalise, repay NAB debt, and invest in fleet and assets
• Leeuwin Wealth partially underwriting A$7.27 million of the issue
• Blue Hire business has earned deferred consideration of up to A$5.0 million

Babylon Pump & Power Limited has announced the launch of a non-renounceable rights issue to raise up to A$12.7 million before costs. The issue is priced at A$0.05 per share, representing a 37.5% discount to the 10-day volume-weighted average price (VWAP) up to 19 April 2026. The rights issue is structured on the basis of two new shares for every one share held, with a minimum subscription of A$7.27 million partially underwritten by Leeuwin Wealth. The funds raised will be used to recapitalise the company, repay a A$1.2 million debt to NAB, and invest in fleet expansion and asset refurbishment. The Blue Hire business has earned deferred consideration of up to A$5.0 million, which will be paid in shares and cash. The rights issue is subject to shareholder approval and is expected to lift the suspension in trading of the company's shares.

Babylon Pump & Power Ltd aims to raise up to A$12.7 million before costs through the rights issue.

The company expects the rights issue to provide financial flexibility, reduce debt, and support growth in the water management rental business.