UK's Water Intelligence Plc H1 revenue rises on international expansion, franchise growth

Water Intelligence

30/09/2026 07:17

Overview
UK leak detection provider's H1 revenue rose 7% yr/yr to $48.2 mln
Adjusted EBITDA grew 6%, while adjusted pretax profit rose 4%
Statutory profit before tax fell 22% due to higher costs for new business launch

Outlook
Company expects sales traction in 2H 2026 from scaling up preventive maintenance solutions
Water Intelligence sees strong market demand for preventive maintenance and technology-enabled services
Company to introduce new KPIs, such as devices sold, for 2027

Result Drivers
INTERNATIONAL EXPANSION - Co said 40% growth in international corporate sales, led by its Irish acquisition and organic growth, contributed to overall revenue increase
FRANCHISE-RELATED SALES - Franchise-related sales, including B2B insurance channel and equipment sales, rose 15% to $5.4 mln, supporting group revenue growth
HIGHER COSTS - Margins declined due to higher materials costs and gasoline prices, especially related to the Iranian conflict

Company press release: ID:nRSd8657Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted EBITDA
 
$9.80 mln
 
H1 Adjusted Pretax Profit
 
$5.90 mln
 
H1 EBITDA
 
$7.50 mln
 
H1 Pretax Profit
 
$3.30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Water Intelligence PLC is GBp515.00, about 50.4% above its September 29 closing price of GBp342.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)