Water Intelligence’s revenue rises 10% in 2024, launches Next 50 plan

Published 30/06/2025, 12:12
Water Intelligence’s revenue rises 10% in 2024, launches Next 50 plan

LONDON - Water Intelligence plc (AIM:WATR.L) reported a 10% increase in revenue to $83.3 million for the year ended December 31, 2024, according to the company’s audited annual results released Monday.

The multinational provider of leak detection and remediation solutions posted statutory profit before tax growth of 2% to $6.4 million, while statutory EBITDA rose 11% to $13.1 million. Basic earnings per share increased 6% to 26.9 cents.

The company maintained profit margins despite inflation pressures, with PBT and EBITDA margins holding steady at 8% and 15% respectively. Cash stood at $12.1 million at year-end, with a total net debt to adjusted EBITDA ratio of 1.1.

Water Intelligence announced the launch of its " Next (LON:NXT) 50 Growth Plan" alongside the results, built on three strategic transactions completed between Q4 2024 and Q1 2025. These include the reacquisition of its Dallas franchise, a partnership with Chubb (NYSE:CB) insurance and its StreamLabs Water business, and the acquisition of a plumbing company and franchise location in the Southeast US.

The company’s American Leak Detection subsidiary saw mixed results, with franchise royalty declining 3% to $6.5 million and franchise-related activities down 4% to $10.7 million. However, US corporate locations grew 11% to $55.9 million, with same-store sales up 4%.

Water Intelligence International, the company’s international subsidiary, reported 35% growth in corporate locations to $10.3 million.

"We are excited by our Next 50 Growth Plan and our competitive strategy of leading the Preventive Maintenance revolution for the water infrastructure sector," said Executive Chairman Patrick DeSouza in the press release statement.

The company indicated it continues to grow consistently in 2025, with available cash resources for further corporate development to accelerate growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.