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Babylon Pump & Power Boosts Profit Despite Revenue Slide in H1 FY25
6:56am on Monday 2nd of June, 2025 AEST
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Mining Services
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Babylon Pump & Power Boosts Profit Despite Revenue Slide in H1 FY25
6:56am on Monday 2nd of June, 2025 AEST
Key Points
Revenue down 22.3% to $17.38 million amid nickel and lithium market weakness
Profit after tax rises 63.9% to $2.98 million, reflecting improved EBITDA margins
Maintenance segment EBITDA up 14.9% despite 19.5% revenue drop
Rental segment revenue falls 29.3% due to sector downturn but demand rebounding
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