Parkway Corporate Limited has marked its transition to profitability in FY25, unveiling a transformative Queensland Brine Management Complex project set to redefine waste brine processing in Australia’s coal seam gas sector.
- FY25 profitability milestone with $15.14 million revenue
- Flagship QBMC project targets >30% IRR and $700m+ NPV for Stage 1
- Innovative waste brine-to-industrial chemicals technology
- Strong government and community support in Queensland
- FY26 revenue guidance exceeding $20 million
A Turning Point, Parkway’s Transition to Profitability
Parkway Corporate Limited (ASX, PWN) has announced a significant milestone in its corporate journey, reporting its maiden net profit in FY25 alongside record revenue of $15.14 million. This financial turnaround underscores the company’s successful execution of a strategic growth plan focused on industrial water treatment technology and infrastructure delivery.
Central to Parkway’s growth narrative is its proprietary technology portfolio, which underpins its ability to address complex industrial wastewater challenges, particularly in the resource-intensive coal seam gas (CSG) sector.
The QBMC, A Flagship Project with Transformational Potential
The Queensland Brine Management Complex (QBMC) stands out as Parkway’s flagship initiative, designed to convert problematic CSG waste brine into valuable industrial chemicals and recover fresh water for agricultural use. Securing a 10-hectare site in Queensland’s Western Downs, the project is strategically positioned near major upstream CSG operations and key infrastructure.
Parkway’s proprietary process technology promises a substantial reduction in waste brine volume; over 98%; with residual waste managed offsite, eliminating onsite disposal concerns. The QBMC is planned for phased development, with Stage 1 alone projected to generate an EBITDA exceeding $100 million, an internal rate of return above 30%, and a net present value surpassing $700 million.
Strategic Growth Platform and Market Opportunity
Parkway’s integrated industrial water treatment platform combines innovative process technologies with established project delivery capabilities. The company’s dual focus on Parkway Process Technologies (PPT) and Parkway Process Solutions (PPS) enables it to capture recurring revenues from technology commercialization while supporting large-scale infrastructure projects.
The Queensland CSG industry faces mounting environmental and social challenges related to waste brine management. Parkway’s QBMC offers a sustainable, economically viable alternative to traditional salt encapsulation methods, which have faced community resistance and regulatory hurdles.
Government and Community Engagement
Support from the Queensland Government and local authorities, including the Western Downs Regional Council, lends credibility and momentum to the QBMC project. The region’s status as an energy hub and its diversified economy provide a conducive environment for Parkway’s development plans.
Parkway is actively pursuing development approvals, with an updated feasibility study slated for early 2026 to refine project economics and support funding and partnership discussions. The company is also exploring a smaller-scale commercial demonstration project to accelerate market entry and de-risk subsequent stages.
Looking Ahead, Growth and Market Capitalization Potential
With FY26 revenue guidance exceeding $20 million and a clear pathway to scale QBMC, Parkway is positioning itself for substantial valuation growth. The company envisions potential market capitalization expansion towards ASX300 eligibility, reflecting confidence in its technology-driven growth strategy and the strategic importance of its flagship project.
Parkway’s leadership team, including Group Managing Director & CEO Bahay Ozcakmak, emphasizes a disciplined approach to commercializing proprietary technologies while building a professional, experienced team to support the next phase of growth.
Bottom Line?
Parkway’s QBMC project could redefine industrial wastewater management in Australia, but execution risks and regulatory hurdles remain key watchpoints.
Questions in the middle?
- How will Parkway secure the necessary funding and partnerships to advance QBMC beyond Stage 1?
- What regulatory and community challenges could impact the timeline for QBMC’s development approvals?
- How will Parkway’s technology portfolio evolve to address other industrial wastewater markets beyond CSG?