Duxton Water Ltd. (AU:D2O) has released an update.
Duxton Water Limited has successfully met its lease and forward contract obligations for the 2023-2024 water year and is engaging in new contracts for the 2024-2025 season, amidst fluctuating demand and allocation prices. With the commencement of the new water year, the company is poised to support Australian irrigation needs and is anticipating the announcement of its half-year results. Duxton Water’s strategic forward contracts provide revenue stability and act as a safeguard against spot market volatility, while the government’s buyback program aims to secure environmental water by 2027.
For further insights into AU:D2O stock, check out TipRanks’ Stock Analysis page.
