Babylon Pump & Power Limited

We're pleased to provide Babylon's quarterly report for the September quarter. The period saw Babylon deliver continuing improvements in business performance, cashflow, safety and strategy execution.   The company expects to deliver positive operational cashflow again in FY25 and is actively pursuing potential acquisition opportunities in specialist equipment and services for resource sector water management.   Read today's full ASX announcement below ⤵️

Yesterday we held an interactive market briefing to update investors on Babylon’s strong FY24 results.   Click here to watch the video replay of our session with Babylon CEO and MD Michael Shelby: https://lnkd.in/gD_3kPuU

This morning we are holding a live and interactive market briefing to update investors on Babylon’s full year results. The session will kick off at 9:00am AWST / 11:00am AEST. Investors can register online to join the presentation here: https://lnkd.in/g9z8KEsZ After registering, you'll receive a confirmation email containing a calendar invitation and info about joining the webinar.   For those who can't make it, the webinar will be recorded and made available shortly after it is completed.

We're delighted to present the Babylon Pump & Power (ASX: BPP) Annual Report for the year ending 30 June 2024. FY24 has been a milestone year in which Babylon continued to improve business performance across its operations. This supported our achievement of a full year net profit of $0.5M. We made significant progress in FY24 advancing strategic initiatives which delivered solid improvements in EBITDA and Operating Cash Flow while driving Revenue growth. This is demonstrated by the charts below. As the activities of miners in the Pilbara continue to move deeper under the water table, we see an ongoing need for the removal and responsible management of water. This is driving a significant ongoing growth opportunity in our specialty equipment rental business. We're excited to build our scale further and expand our services in the mining services sector in FY25. Click here to view the Annual Report: https://lnkd.in/giGdDghj Click here to view the Investor Presentation: https://lnkd.in/geWsDSka

We’re pleased to advise that stockbroker PAC Partners has initiated investor research coverage of Babylon Pump and Power.   PAC Partners has initiated coverage with a Buy rating and a 12-month share price target of 0.8 cents per share, 60% upside to yesterday's closing share price.   Please see the full research report below. Max Andrews Craig Stranger James Nicolaou

Today's quarterly market update caps a year of growth in which Babylon has delivered its maiden full-year net profit. Today we were pleased to highlight record revenue of $41.7M for FY24, delivering ~30% compound revenue growth since listing on the ASX, with positive operating cashflow of $7.5M. The charts below demonstrate our segments' contributions to Group EBITDA in FY23 and FY24. It shows that we have generated $2.3M of incremental EBITDA in FY24 through growth in both segments with minimal change in corporate overheads. Click here for the full quarterly report: https://lnkd.in/gENKuNng

We're pleased to announce that Babylon has now completed all deferred consideration payments for the company's FY23 acquisitions of Resource Water Group and RBH Engineering.   This will give an immediate uplift of circa $2.4m of net cash flow per annum, enhancing Babylon's financial flexibility and empowering us to accelerate our plans to build our specialist rental fleet and deliver continuing growth.   We look forward to providing a trading update and commentary on our profitable FY24 in our upcoming Quarterly Update.   See today's ASX announcement on our website: https://lnkd.in/gC8haR5X

New Assets all loaded for offshore platform. #oil&gas Babylon Pump & Power Limited

In today's quarterly market update, we were pleased to highlight our team's strong progress, driving Babylon's consistent cashflow and positive earnings outlook. The last four quarters have seen Babylon record cash receipts of $46 million and net operating cash flow of $4.1 million, consistent with the company's improving profitability. We expect a further significant uplift to come in our net operating cash flow as we soon make our final payments of deferred consideration for our most recent acquisitions. Babylon's unique ability to facilitate carbon emission reductions through energy efficient and renewable powered rental equipment continues to give us a differentiated reason and opportunity to be on site. Click here for the full quarterly report: https://lnkd.in/gbCGiR_E