Parkway Secures $12.85M Major Contract, Boosts Loan Facility to $4M
Parkway Corporate Limited has secured over $13.5 million in water infrastructure contracts, including a major $12.85 million deal with a leading engineering firm, while advancing its innovative brine management technology and extending its loan facility to support expansion.
- Awarded multiple water infrastructure contracts totaling $13.5 million
- Secured $12.85 million contract with a top-tier engineering and construction company
- Progressing Queensland Brine Solutions technology and strategic site acquisitions
- Successful piloting completed with a global mining company
- Term loan facility extended and increased to support growth and acquisitions
Contract Wins Signal Growing Market Confidence
Parkway Corporate Limited has announced a significant boost to its industrial operations with the award of multiple water infrastructure contracts valued at over $13.5 million. The highlight is a $12.85 million contract secured through a wholly owned subsidiary with a major tier-1 engineering and construction contractor, a key player in Australia's infrastructure landscape. This contract focuses on delivering structural, mechanical, and piping works for a high-profile wastewater treatment complex that incorporates innovative resource recovery technologies.
The contract’s scope, spanning fabrication to site installation and project management, is set to commence immediately and is expected to generate the majority of revenue in the 2026 financial year. Parkway’s ongoing collaboration with this contractor and prior experience at the project site underscore its growing credibility and capability in the water and wastewater sector.
Technology Commercialisation and Strategic Growth
Beyond contract awards, Parkway is advancing its Queensland Brine Solutions (QBS) division, which focuses on brine management technologies for the coal seam gas industry. QBS is actively engaging with industry stakeholders and progressing site acquisitions for strategic infrastructure development. Internal feasibility studies continue to support the promising roadmap for these innovative solutions.
Complementing this, Parkway has successfully completed piloting activities with a global mining company, demonstrating the effectiveness of its proprietary process technology on concentrated brines. This milestone not only validates Parkway’s technology but also opens doors for potential international applications.
Financial Flexibility to Support Ambitions
To underpin its growth trajectory, Parkway has extended and expanded its term loan facility. The acquisition facility component has doubled to $2 million, and the drawdown period has been extended to December 2025, providing the company with enhanced financial flexibility to pursue further acquisitions or investments.
CEO Bahay Ozcakmak highlighted the company’s transition to profitability and the strategic balance between its industrial operations and technology commercialisation efforts. He emphasized the increasing recognition Parkway is receiving from partners and clients as a leading provider of specialised water treatment engineering solutions.
With a strong pipeline of anticipated contract awards and growing interest in its proprietary technologies, Parkway is positioning itself for sustained growth and value creation in the evolving water infrastructure and treatment market.
Bottom Line?
Parkway’s recent contract wins and technology progress set the stage for a pivotal growth phase, but market watchers will be keen to see how these translate into sustained profitability.
Questions in the middle?
- What is the timeline and scale of the anticipated additional contract awards?
- How will Parkway’s proprietary brine technologies impact its revenue mix and margins?
- What are the risks associated with the extended term loan facility and potential acquisitions?
