**Summary**
Water Intelligence PLC (AIMWATR.L) released a strong nine-month trading update for the period ended September 30, 2025, highlighting significant growth and operational improvements. Key financial highlights include
**Revenue Growth** Group revenue increased by 9.2% to $69.3 million, driven by a 8.2% rise in US Corporate sales ($46.2 million) and a 49.4% surge in International Corporate sales ($11.0 million).
**Profitability** Group Statutory EBITDA rose by 14% to $12.7 million, while Adjusted EBITDA increased by 25% to $13.9 million. Adjusted PBT margins improved to 12.2%, and Adjusted EBITDA margins rose to 20%.
**Operational Efficiency** The "Dallas Template" initiative led to cost reductions in direct labor, overhead labor, consumables, vehicle/fleet expenses, and bad debt.
**Balance Sheet Strength** The company maintains a robust balance sheet with $9.2 million in cash, net total debt of $23.2 million, and a Net Total Debt to EBITDA Adjusted TTM ratio of 1.1.
**Capital Allocation** Focused on organic growth (e.g., wireless monitoring via StreamLabs partnership), acquisitions (reacquisition of Middle Georgia and South Brisbane & Gold Coast franchises), and share repurchases (398,000 shares YTD).
Executive Chairman Dr. Patrick DeSouza emphasized the strong Q3 performance, the success of the "Dallas Template," and the potential of technology partnerships like StreamLabs to drive future growth. The company remains confident in meeting 2025 market expectations and is optimistic about 2026 prospects.
**Key Takeaways**
Strong revenue and profit growth across segments.
Improved operational efficiency and margins.
Strategic focus on organic growthacquisitionsand shareholder returns.
Positive outlook for 2026, supported by technology-enabled services and partnerships.
Water Intelligence PLC Financial Comparison (9 Months Ended 30 September 2025 vs. 2024)
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Group Revenue | $69.3 million | $63.5 million | +9.2% |
| Franchise Royalty | $4.7 million | $5.2 million | -8% |
| Franchise-Related Activities | $7.5 million | $8.3 million | -10% |
| US Corporate Sales | $46.2 million | $42.7 million | +8.2% |
| International Corporate Sales | $11.0 million | $7.3 million | +49.4% |
| Group Statutory EBITDA | $12.7 million | $11.1 million | +14% |
| Group Adjusted EBITDA | $13.9 million | $11.1 million | +25% |
| Group Statutory PBT | $6.5 million | $6.3 million | +4% |
| Group Adjusted PBT | $8.5 million | $6.9 million | +23% |
| Adjusted PBT Margin | 12.2% | 10.9% | +1.3% |
| Adjusted EBITDA Margin | 20% | 18% | +2% |
| Net Total Debt | $23.2 million | Not Provided | N/A |
| Net Total Debt to EBITDA Adjusted TTM Ratio | 1.1 | Not Provided | N/A |
Water Intelligence PLC Q3 2025 vs. Q3 2024
| Metric | Q3 2025 | Q3 2024 | Change |
|---|---|---|---|
| Group Revenue | $24.3 million | Not Provided | +10.7% |
| EBITDA Adjusted | $4.6 million | Not Provided | +52.6% |
| EBITDA Adjusted Margin | 19% | 14% | +5% |
| PBT Adjusted | $2.8 million | Not Provided | +68.2% |
| PBT Adjusted Margin | 12% | 8% | +4% |