Parkway Awarded Dewatering Contract by Global Mining Company

Key points

• Contract award expands relationship with a major global mining company.
• Performance of Parkway scope underway, supporting near-term revenue.
• Mine dewatering project leverages Parkway's integrated project delivery capabilities.
• Demonstrates Parkway's capacity to provide industrial-scale wastewater solutions.

Full summary

Parkway Corporate Limited (ASX: PWN) announced the award of a $2 million mine dewatering contract by a major global mining company. The contract involves the design, engineering, fabrication, and supply of industrial-scale mine pit dewatering equipment. The project, expected to be completed by November 30, 2026, will enable the transfer and processing of up to 5 million liters per hour of wastewater. The contract leverages Parkway's integrated project delivery platform and includes project management by PPS-Melbourne, fabrication by Tankweld, and local support by PPS-Darwin. All revenue is expected to be recognized in the current half of FY27. Parkway's Group Managing Director & CEO, Mr. Bahay Ozcakmak, highlighted the project's complexity and scale, emphasizing Parkway's role in delivering specialized dewatering solutions.

Guidance

All revenue from Parkway Scope expected to be recognized in current half (H1-FY27)

Outlook

Parkway is well positioned to deliver complex wastewater treatment solutions across Australia, with multiple ongoing projects.