Key points
- Total revenue up 7% year-over-year to $4.6 million
- Refresh Waters segment grew 9% in Q2 and year-to-date
- Refresh Plastics segment maintained revenue despite facility loss
Full summary
Eneco Refresh Ltd has reported its financial results for the second quarter ending December 2024. Total revenue for the quarter was $4.6 million, a 7% increase compared to the same period last financial year. The Refresh Waters segment saw a 9% increase in revenue for both the quarter and year-to-date, driven by strong summer demand. The company's Sydney, Brisbane, Toowoomba and Kalgoorlie branches all set new monthly revenue records in Q2. Rising costs of freight and raw materials have added to expenses, but these have been offset through efficiency improvements and pricing adjustments, resulting in a notably superior financial position compared to previous years. The Refresh Plastics segment, following the loss of a production facility, has converted to a fully outsourced model and maintained revenue at levels comparable to the prior financial year, while delivering a profitable outcome in each month of the quarter.