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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.
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