Eneco Refresh Posts 7% Q4 Revenue Rise with $4.5M Cash Reserves

Steady Growth Across Key Regions

Eneco Refresh Limited has reported another quarter of encouraging financial performance, posting a 7% increase in total revenue for the fourth quarter ending June 2025 compared to the same period last year. This growth is consistent with the company’s year-on-year revenue rise of 7%, underscoring the effectiveness of its strategic focus on organic expansion and margin improvement.

Regional contributions were mixed but largely positive, with Western Australia and New South Wales showing strong double-digit growth, while the Northern Territory more than doubled revenue from the previous year. Queensland also posted a healthy increase. Victoria, however, experienced a 10% decline in quarterly revenue, attributed primarily to the absence of a significant one-off distilled water order that had boosted the prior year’s figures.

Refresh Waters and Plastics, Divergent Trends

The Refresh Waters business unit was a standout performer, delivering an 8% revenue increase in the quarter and a 9% rise year-to-date. The renewal of a major supply contract with a global corporation highlights Eneco’s ability to maintain and grow strategic partnerships within Australia’s competitive beverage market.

Conversely, the Refresh Plastics segment held steady with revenue flat for the quarter and a modest 2% increase over the year. The focus here has been on stabilizing a new business model, which management believes has laid a foundation for improved financial results moving forward.

Operational Investments and Cost Pressures

In line with its growth ambitions, Eneco increased capital expenditure on plant and equipment, including replacing company vehicles and investing in automation technology. These moves aim to enhance operational efficiency and reduce unit production costs, particularly within bottling processes, setting the stage for improved margins in FY26.

However, the company continues to face inflationary pressures across utilities, rent, labor, and materials, which have constrained margin expansion. Pricing flexibility remains limited due to retailer negotiations, but Eneco’s management remains committed to driving productivity gains and pricing adjustments to sustain profitability.

Financial Position and Outlook

Cash flow remains robust, with net operating cash inflows of $490,000 for the quarter and cash reserves totaling $4.5 million. Notably, Eneco did not draw on any new financing facilities during the period, reflecting a solid liquidity position. The board and management express confidence in the strategic direction, emphasizing continued organic growth, operational improvements, and a watchful eye on acquisition opportunities to scale the business further.

Chairman Colin Moran underscored the company’s focus on delivering shareholder value through sustainable, profitable growth while maintaining high product quality and employee working conditions.