Interim report
Page 1
Water Intelligence plc Water Intelligence plc ( AIM : WATR.L ) Interim Results and Launch of Preventive Maintenance Business Water Intelligence plc ( AIM : WATR.L ) ( the " Group " or " Water Intelligence " ) , a leading multinational provider of precision , minimally - invasive leak detection and remediation solutions for both potable and non - potable water is pleased to provide its unaudited Interim Results for the period ended 30 June 2026 . And the launch of its preventative maintenance business adding additional sources of growth . 1H Results delivered continued revenue and EBITDA adjusted growth with momentum for 2H based on paid pilots for its preventive maintenance growth plan . The Group's focus is two - fold . First , further competitive differentiation driven by its technology - enabled services platform and second , going to market with " turn - key " preventive maintenance solutions leveraging its strategic water monitoring product partnerships and integrated services . Financial Highlights Revenue increased by 7 % to $ 48.2 million ( 1H 2025 : $ 45.0 million ) О О о Franchise Royalty income decreased by 2 % to $ 3.14 million ( 1H 2025 : $ 3.21 million ) as a result of franchise reacquisitions reducing the pool of royalty income Franchise Related sales increased 15 % to $ 5.4 million ( 1H 2025 : $ 4.7 million ) Group Corporate Store sales increased 7 % to $ 39.7 million ( 1H 2025 : $ 37.1 million ) ■ US Corporate sales decreased by 1 % to $ 30.2 million ( 1H 2025 : $ 30.3 million ) International Corporate sales grew 40 % to $ 9.5 million ( 1H 2025 : $ 6.8 million ) PBT Adjusted * increased by 4 % to $ 5.9 million ( 1H 2025 $ 5.7 million ) • EBITDA Adjusted ** increased by 6 % to $ 9.8 million ( 1H 2025 : $ 9.3 million ) • • • Statutory Profit Before Tax decreased by 22 % to $ 3.3 million ( 1H 2025 : $ 4.2 million ) Statutory EBITDA decreased by 9 % to $ 7.5 million ( 1H 2025 : $ 8.2 million ) PBT Margin Adjusted * decreased to 12 % ( 1H 2025 : 13 % ) EBITDA Margin Adjusted ** decreased to 20 % ( 1H 2025 : 21 % ) EPS Basic Adjusted * increased by 7 % to 26.0 cents ( 1H 2025 : 24.3 cents ) EPS Fully Diluted Adjusted * increased by 8 % to 25.5 cents ( 1H 2025 : 23.7 cents ) Cash and equivalents at 30 June of $ 4.37 million ○ Net Cash of ( $ 21.3 ) million ( cash minus bank borrowings ) ○ Net Debt ( including both Bank Debt and Deferred Acquisition Payments ) to EBITDA Adjusted ** ratio : 1.29 о $ 4.2 million of receivables booked during 1H 2026 are expected to be paid during 2H 2026 adding to operating cash flow * PBT Adjusted ( adjusted for amortisation , share based payments and non - core costs / gains including IFRS treatment of earn - out gains ) ** EBITDA Adjusted ( adjusted for share - based payments and non - core costs / gains including IFRS treatment of earn - out gains , restructuring costs associated with our TES platform , legal fees for acquisition related - activities , one - off systems integration and one - off professional fees . ) *** Comparative figures for the six months ended 30 June 2025 have been updated to reflect adjustments identified during the audit of the year ended 31 December 2025 , and therefore produce rounding differences from those previously reported