Rubicon Water Limited · ASX:RWL
Rubicon Water — FY2026 Earnings Presentation
20 slides from Rubicon Water's earnings presentation, Aug 24, 2026
Slide 1: FY26 Results Presentation
FY26 Results Presentation Rubicon Water Limited | ASX:RWL Presented by Bruce Rodgerson CEO, Andrew Bendall CFO 24 August 2026
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Rubicon Water Limited (Company) to provide summary information permitted by laws of the jurisdiction in which you are situated without the need for registration, lodgement or about the Company and its associated entities which ca
Slide 3: Important notice and disclaimer
Important notice and disclaimer None of the Advisers have authorised, permitted or caused the issue or lodgement, submission, dispatch or accuracy of any forward looking statements contained in this presentation. Forward looking statements speak provision of this presentation and there is no stateme
Slide 4: $1.23bn 36K+ ~2Mha
$1.23bn 300+ ~66% 36K+ 23 ~2Mha Infra & services Employees Revenue Products Countries, Irrigated land globally globally outside of ANZ installed 6 continents serviced 4 Rubicon Water Limited FY26 Presentation
Slide 5: Overview
Overview Rubicon’s solutions address increasing pressure on water availability by delivering intelligent technology that transforms how water is measured, controlled and distributed. Financial snapshot Strong 2H FY26 contract signings Project delivery across markets Revenue of $61.1m ($69.1m FY25) a
Slide 6: Our unique end to end value proposition
Our unique end to end value proposition Purpose-built for irrigation Distributed intelligence Hydraulic-aware control Robust to real world Only proven solution globally Truly scalable Turnkey integration Continuous innovation 6 Rubicon Water Limited FY26 Presentation
Slide 7: Water-stressed basins
In January 2026, the United Nations University declared that the world has moved beyond a water crisis into an era of “global water bankruptcy” Water-stressed basins vs Rubicon’s global presence Aral Sea Girona, Spain Po River Danube Guadalquivir Bologna, Italy Astana, Kazakhstan Colorado River Ning
Slide 8: Global highlights – FY26
Global highlights – FY26 Three pillar projects were secured in FY26 across Italy, with Villoresi, Torinese and the second stage of CER Romagna, including the installation of the remaining 50 offtakes - totalling more than A$4.3 At Turlock Irrigation District (TID), the Ceres Main Canal Pilot million
Slide 9: Growth of corporate water stewardship commitments
Growth of corporate water stewardship commitments from global market leaders Water stewardship has moved from statement to strategy “We invest directly in community water infrastructure by modernizing water systems, expanding access, increasing among the world's largest companies, with leading relia
Slide 10: Corporate funding addressing shared water challenges
Corporate funding addressing shared water challenges Growing adoption Measurable targets Long-term benefits Global opportunities Increasing importance of basin- Multinational corporates committing Investment is increasingly focussed Large corporates and hyperscalers level water stewardship initiativ
Slide 11: Water stewardship in action
Water stewardship in action Corporate-funded projects Following on from the privately-funded Gila River (A$3.1 million) and Bear River (A$0.7 million), Rubicon has secured further corporate water stewardship projects including: • A$2.3 million contract for Glenn-Colusa Irrigation District in Califor
Slide 12: FY26 Results
FY26 Results
Slide 13: Profit & Loss
Profit & Loss • Revenue down 12% vs pcp FY26 FY25 $'m $'m • The stronger $A negatively impacted translated revenues by $1.5m pcp Revenue 61.1 69.1 • US $22.2m (30% lower than last year) • ANZ $20.6m (3% higher than last year) Gross margin 25.0 28.5 • Asia $1.0m (53% lower than last year) Gross margi
Slide 14: Cash flow
Cash flow FY26 FY25 By type $’m $’m Cash flows from operating activities 4.5 5.4 Cash flows from investing activities (2.9) (2.4) Cash flows from financing activities 1.6 1.0 Summ ar y Operating cashflows for the period Further collections of the Indian KBJNL Continued investment in both benefited f
Slide 15: Balance sheet
Balance sheet 30 Jun 2026 30 Jun 2025 $’m $’m Current assets 61.1 75.6 Non-current assets 27.7 28.3 Total assets 88.8 103.9 Current liabilities 38.0 34.8 Non-current liabilities 3.0 5.2 Total liabilities 41.1 40.0 Equity 47.7 64.0 The combination of Trade Inventories maintained at circa Maintained D
Slide 16: Pipeline & summary
Pipeline & summary
Slide 17: Major incremental projects of focus starting FY27
Major incremental projects of focus starting FY27 as at 24 August 2026 Near-term major incremental projects (A$156m) 26 Major Projects 7 In addition to base business started FY27 with: Contracted for FY27 (A$5.2m) 26 major incremental projects identified totalling A$156m Close (A$47.7m) Likely (A$20
Slide 18: Future-focus: managing what matters most
Future-focus: managing what matters most Global water stress and the approach to managing water With water resources increasingly constrained worldwide, growers, policymakers, corporations and water managers are shifting their thinking, placing greater value on water across critical global basins. T
Slide 19: Summary and outlook
Summary and outlook Major project pipeline US Government funding returning Additional funding avenue ~$47m of major projects currently in tender, US Bureau of Reclamation's Final EIS (post- Corporate water stewardship has become a under customer evaluation or in the final stages 2026 Colorado River
Slide 20: Thank you.
Thank you. © 2026 Rubicon Water | rubiconwater.com RUBICON logo and BayDrive, BladeMeter, BladeValve, CableDrive, FarmConnect, FerIT, FlumeGate, FlumeMeter, FormiPanel, MicronLevel, NeuroFlo, PikoGate, PikoMeter, SCADAConnect, SlipGate, SlipMeter, SolarDrive, Sonaray, TCC and Total Channel Control a