Why did the FY26 revenue forecast for Rubicon Water (ASX:RWL) decrease?

Rubicon Water (ASX:RWL) stated that its preliminary revenue decreased because of the delayed timing of several major customer procurement, evaluation, and contract award processes. These delayed projects will not contribute materially to the financial year 2026 revenue as the company previously anticipated.

What are the expected financial results for Rubicon Water (ASX:RWL) in FY26?

Rubicon Water (ASX:RWL) expects its preliminary financial year 2026 revenue to land between $60 million and $62 million on an unaudited basis. This projected range is lower than the $69 million in revenue reported by the company in the prior fiscal year.

What does the current project pipeline look like for Rubicon Water (ASX:RWL)?

Rubicon Water (ASX:RWL) reported that its major project opportunity pipeline now exceeds $37 million. This figure is up from the approximately $30 million in project opportunities identified at the time of the half-year results.

What new contract details did Rubicon Water (ASX:RWL) secure in the second half of FY26?

Rubicon Water (ASX:RWL) secured more than $28.4 million of new contracts during the second half of the financial year. This total shows an increase from the $24.2 million in contracts secured by the company during the prior corresponding period.

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Rubicon Water forecasts FY26 revenue of $60M

Written by Jon CuthbertPublished Jul 3, 2026, 3:15 AM

Rubicon Water expects preliminary FY26 revenue to fall between $62 million and $65 million.
The company's share price increased to $0.07 following the business update.
Delayed customer procurement processes for major projects drove the lower revenue figures.

Water technology company Rubicon Water (ASX:RWL) expects its preliminary FY26 revenue to land between $62 million and $65 million.

The expected revenue is lower than the $69 million reported by the business in the prior fiscal year.

The company stated that delayed customer procurement and contract awards for major projects caused the lower revenue figures.

Despite these delays, the business secured more than $28.4 million of new second-half contracts.

Following the announcement, the Rubicon Water share price was up at $0.07.

The business noted that its major project opportunity pipeline now exceeds $37 million.

This pipeline compares to approximately $30 million identified during the half-year results.

Rubicon Water forecasts FY26 revenue of $60M

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