Water Intelligence (WATR) Q3 2025 TU earnings summary

Executive summary

• Achieved strong profit acceleration in Q3, building on Q2 momentum, with all key financial metrics improving year-over-year.

• Operational efficiencies from the "Dallas Template" led to higher margins and reduced overhead.

• Confident in meeting 2025 market expectations and increasingly optimistic for 2026.

Financial highlights

• Group revenue for the nine months ended 30 September 2025 increased by 9.2% to $69.3 million compared to the same period last year.

• Group statutory EBITDA rose by 14% to $12.7 million; adjusted EBITDA up 25% to $13.9 million.

• Group statutory PBT grew by 4% to $6.5 million; adjusted PBT up 23% to $8.5 million.

• Adjusted PBT margin increased to 12.2% (from 10.9%); adjusted EBITDA margin rose to 20% (from 18%).

• Q3 2025 revenue up 10.7% year-over-year; Q3 adjusted EBITDA margin at 19% (up from 14%).

• Q3 adjusted PBT up 68.2% to $2.8 million; Q3 adjusted PBT margin at 12% (up from 8%).

Outlook and guidance

• Remains in line with market expectations for 2025 and increasingly confident for 2026, supported by new product partnerships and operational improvements.