Babylon Pump & Power (ASX:BPP) has secured a multi-year pump hire and maintenance contract with Newmont Mining Services, under which it will provide dry hire pumping equipment and associated maintenance services to Newmont’s Western Australian operations.
The three-year agreement runs from Jan. 1, 2026 to Dec. 31, 2028 and formalises a long-standing relationship between the two companies.
Based on historical delivery volumes, the contract is expected to generate approximately $3 million in annual revenue, representing about 10% of Babylon’s FY25 revenue and providing increased forward revenue visibility.
The contract was signed by Babylon's wholly owned subsidiary, Babylon Operations, and supports the company’s strategy of securing long-term, repeatable work with Tier 1 resources clients following recent acquisitions that have expanded its fleet and technical capabilities.