Business
2025 Full Year Trading Update & Board Change
Water Intelligence plc reported a strong 2025 fiscal year with revenue increasing 9% to $90.4 million and Adjusted EBITDA growing 15% to $16.5 million, resulting in an improved Adjusted EBITDA margin of 18%. The company also saw a 9% rise in Adjusted PBT to $9.2 million and maintained a robust balance sheet with a Net Total Debt to EBITDA Adj ratio of 1.17. Post-period, Water Intelligence expanded its credit facilities, entered a strategic partnership with Lookout Labs, secured additional insurance channel wins, and expects at least $1 million in additional sales from new contracts in Ireland during 2026, driven by its preventive maintenance strategy and expanding IoT monitoring solutions. Disclaimer*
About this update from Water Intelligence Plc
2025 Full Year Trading Update Board Change Good FY25 financial performance; positive outlook for FY26 Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or the "Group"), a leading multinational provider of minimally-invasive, technology driven, preventive maintenance solutions for aging water and wastewater infrastructure, is pleased to provide a trading update for the year ended 31 December 2025 and an update to the Group's growth plan for 2026. Financial highlights (unaudited): · Group revenue increased by 9% to $90.4 million (2024: $83.3 million), supported by good growth across owned US and International corporate locations · Strong Adjusted EBITDA* growth for FY25 of 15% to $16.5 million (2024: $14.3 million) · Adjusted EBITDA margin improvement to 18% (2024: 17%) driven by good progress against margin efficiency plan · Adjusted PBT* growth of 9% to $9.2 million (2024: $8.4 million) · Robust balance sheet with a Net Total Debt** to EBITDA Adj ratio of 1.17 at year-end with net total debt of $19.3 million at year end · Continued strong operation execution post period end · Progress on expanding markets and revenue mix * Adjusted EBITDA and Adjusted PBT are both adjusted for non-core costs and non-cash expense of share-based payments; Adjusted PBT is also adjusted for non-cash expense of amortization. Adjustments also include treatment for earn-outs to reflect profits treated as compensation expense. ** Total Debt defined as bank debt plus all deferred acquisition payments but does not include contingent payments for "earn-ups" as bonuses. Continued Strong Execution Post Period End v Expansion of existing Credit Facilities with M&T Bank: (i) Working Capital Line of Credit expanded to $3.8 million of which $0.8 million is drawn; and (ii) Acquisition Line of Credit expanded to $22 million of which $19.5 million is drawn. v Strategic Partnership with Lookout Labs, Inc. ("Bluebot") announced v Additional Wins in Expanding National Insurance Channel for American Leak Detection v Contract Wins in Ireland forecast to add at least $1 million in additional sales during 2026 The Group's competitive strategy of Preventive Ma...
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