Eneco Refresh Limited reported a solid 9% year-on-year revenue increase in Q1 FY26, propelled by strong gains in its plastics division and HYDR8 custom label water products across key Australian regions.
- 9% overall revenue growth year-on-year in Q1 FY26
- 35% revenue surge in Refresh Plastics segment
- HYDR8 custom label product fuels growth in Western Australia and Victoria
- Strategic investments in equipment and vehicles to support summer demand
- Cash reserves of $4.1 million with 21.5 quarters of funding available
Quarterly Revenue Growth Across Regions
Eneco Refresh Limited has posted encouraging results for the first quarter ending September 2025, with total revenue climbing 9% compared to the same period last year. This growth was driven primarily by the company’s plastics business and its HYDR8 custom label water product, which showed strong performance across multiple Australian states.
Western Australia led the water segment with a 7% revenue increase, largely thanks to the HYDR8 product, despite the seasonal challenges of winter impacting operational costs. Victoria recorded the highest uplift in water sales at 13%, also propelled by HYDR8, while Queensland and the Northern Territory showed modest gains of 2% and 5% respectively. New South Wales experienced a slight revenue dip, attributed to a reclassification of HYDR8 sales to the originating branch, but management expressed confidence in the region’s steady progress under new leadership.
Plastics Segment Outperforms
The standout performer was the Refresh Plastics division, which delivered a remarkable 35% revenue increase year-on-year. This surge reflects the company’s ongoing commitment to quality and service, as well as effective price adjustments and expanded market penetration. The plastics business’s robust growth has been a key factor in driving Eneco Refresh’s overall positive momentum.
Operational Investments and Cash Flow
To support anticipated demand in the upcoming spring and summer months, Eneco Refresh has invested further in equipment, maintenance, and vehicles. These investments aim to sustain operational improvements and capitalize on seasonal sales opportunities.
Financially, the company reported a net operating cash outflow of $191,000 for the quarter but maintains a strong cash position with $4.1 million in cash and cash equivalents. This liquidity provides an estimated 21.5 quarters of funding, underscoring Eneco Refresh’s solid financial footing as it navigates the year ahead.
Chairman Colin Moran highlighted the company’s steady progress and expressed optimism about the trajectory into the next quarters, emphasizing the importance of the plastics business and HYDR8 product line in driving future growth.
Bottom Line?
Eneco Refresh’s Q1 momentum sets the stage for a potentially strong year, but sustaining growth will hinge on execution through peak seasonal demand.
Questions in the middle?
- How will Eneco Refresh sustain plastics segment growth amid competitive pressures?
- What impact will the new management in NSW have on future revenue trends?
- Are there plans to expand the HYDR8 product range or enter new markets?