Parkway Posts $4.22m Quarterly Revenue, Eyes Full-Year Profitability

Operational Momentum and Financial Growth

Parkway Corporate Limited (ASX, PWN) has delivered a robust operating performance for the quarter ending June 2025, reporting $4.22 million in operating revenue and a positive EBITDA of $0.47 million. This marks a significant step in the company’s transition towards sustained profitability, with preliminary full-year EBITDA estimated at $1.52 million for FY25. The results reflect Parkway’s growing footprint in the industrial water and wastewater treatment sector, underpinned by a strategic focus on specialised engineering solutions.

The company’s Industrial Operations division, led by Parkway Process Solutions (PPS), secured a major $12.85 million contract with a tier-1 engineering and construction contractor. This contract involves delivering critical structural, mechanical, and piping works for a high-profile wastewater treatment complex, highlighting Parkway’s expanding project delivery capabilities. Additional contracts, including a $0.66 million award from a regional water corporation, further bolster the project pipeline.

Innovative Technology and Queensland Brine Solutions

Parkway’s Industrial Technology division continues to advance its proprietary process technologies, with a particular emphasis on the Queensland Brine Solutions (QBS) initiative. This innovative roadmap addresses the significant environmental and operational challenges posed by waste brine and salts generated by Queensland’s coal seam gas (CSG) industry. Parkway’s approach converts these waste products into valuable industrial chemicals, such as caustic soda and hydrochloric acid, offering a sustainable alternative to traditional disposal methods.

Recent progress includes strong stakeholder engagement, participation in regional industry events, and encouraging developments in securing strategic project sites for the QBS Brine Management Complex and Electrochemical Complex. Feasibility studies reinforce the commercial viability of Parkway’s technology portfolio, positioning the company as a leader in sustainable industrial water treatment solutions.

Strategic Investments and Corporate Developments

To support its expanding operations, Parkway invested approximately $0.60 million in new equipment, including advanced automated welding technology and a long-reach telehandler, enhancing project execution efficiency and safety. The company also continues to grow its ecommerce platform, recently acquiring a specialised business with $0.70 million in trailing twelve-month revenue, which complements PPS’s go-to-market strategy.

Financially, Parkway maintains a healthy cash position of $2.58 million as of June 30, 2025, excluding undrawn facilities and anticipated R&D rebates. The company benefits from a $4 million term loan facility, recently amended to extend drawdown periods and increase acquisition capacity, providing flexibility for future growth initiatives.

Looking ahead, Parkway has scheduled a quarterly investor webinar on July 30, 2025, to discuss these developments in detail. The company’s integrated approach; combining conventional water treatment services with cutting-edge technology commercialisation; positions it well to capitalise on growing market opportunities and environmental imperatives.