Latest Equipment Rental News

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Babylon Pump & Power Limited (ASX – BPP) announces transformational acquisitions of Blue Hire and Matrix Hydro Services, significantly expanding its equipment rental and water management capabilities. The company is funding this growth through a $3.5 million entitlement offer and a $21.2 million debt facility, targeting a doubling of EBITDA by FY26.
Victor Sage
Victor Sage
2 June 2025
Babylon Pump & Power is set to acquire Blue Hire, expanding its rental fleet and market reach in Western Australia, while extending its retail entitlement offer deadline to June 13.
Victor Sage
Victor Sage
2 June 2025
Babylon Pump & Power Limited has announced an accelerated non-renounceable entitlement offer to raise approximately $3.5 million, aimed at completing a key acquisition and supporting its working capital needs. The offer invites existing shareholders to subscribe for new shares at $0.004 each on a 7-for-20 basis.
Victor Sage
Victor Sage
14 May 2025
Babylon Pump & Power Limited reported a 22% revenue decline for the half year ending December 31, 2024, yet achieved a 64% surge in profit after tax, driven by operational efficiencies and strategic contract wins.
Victor Sage
Victor Sage
18 Feb 2025
Babylon Pump & Power Ltd reports robust H1 FY25 results with $1.8M positive operating cash flow and $3.0M EBITDA, overcoming nickel sector challenges. The company eyes growth through new projects and acquisitions.
Victor Sage
Victor Sage
29 Jan 2025