Rubicon Water Eyes Growth Despite FY24 Losses

Rubicon Water Limited (AU:RWL) has released an update.

Rubicon Water Limited has reported a modest revenue increase to $58.4 million in FY24, a 5.8% rise, but still experienced an underlying EBITDA loss of $5.4 million, an improvement over the previous year. The company saw a record performance in the US with orders surging by 200%, and secured its largest Latin American contract since 2012. Following a successful capital raise of $16 million, Rubicon is poised to leverage its expanded global presence and technology solutions like FarmConnect™ to meet the escalating demand for efficient water management.

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