Babylon Pump & Power (ASX:BPP) has reported a steady financial performance for the first half of the 2026 financial year, underpinned by a significant transformational shift toward its rental platform.
For the six months ended Dec. 31, 2025, the specialist resources services provider recorded revenue of $17.6 million, a slight increase over the $17.4 million achieved in the prior corresponding period.
Underlying EBITDA remained stable at $3 million, while operational cash inflow saw a substantial 52% rise to $4.2 million.
The reporting period was defined by the integration of Matrix Hydro Services and Blue Hire, both acquired on Aug. 1, 2025.
The acquisitions have materially expanded Babylon's rental fleet and geographic footprint, particularly in water management.
The strategic pivot resulted in the rental segment delivering $14.2 million in revenue, representing a massive 212% increase a year earlier.
The company completed the divestment of its non-core Ausblast business and secured a new five-year corporate debt facility to support ongoing rental operations.
Beyond operational growth, Babylon focused on internal governance by appointing a new CFO and completing a share consolidation to simplify its capital structure.
At the time of reporting, Babylon Pump & Power's share price was $0.090.