Key Highlights

  • Sales Revenue was AUD 19,866,123, compared with AUD 15,144,043 in FY25, an increase of 31 per cent.
  • Gross profit was AUD 4,764,671 (FY25: AUD 4,789,633), so the revenue increase did not lift gross profit.
  • Operating cash flow was AUD 1,685,706 (FY25: AUD 1,459,805), and cash at 30 June 2026 was AUD 2,931,990.
  • No Dividend was paid or recommended for FY26 or FY25.

Parkway Corporate Limited (ASX:PWN), which describes itself as a leading Australian water and wastewater treatment and process technology company, has released its results for the year ended 30 June 2026. Sales revenue was AUD 19,866,123, compared with AUD 15,144,043 in FY25, an increase of 31 per cent. Normalised EBITDA was AUD 1.9 million (FY25: AUD 2.0 million), while the statutory result was a net loss after tax of AUD 417,754, against a profit of AUD 15,915 a year earlier.

FY2026 Numbers Set the Base

Gross profit was AUD 4,764,671 (FY25: AUD 4,789,633), so the revenue increase did not lift gross profit. Operating Cash Flow was AUD 1,685,706 (FY25: AUD 1,459,805), and cash at 30 June 2026 was AUD 2,931,990. Net Assets were AUD 13,773,551. No dividend was paid or recommended for FY26 or FY25. Within the Industrial Operations division, Parkway Process Solutions reported record operating revenue, driven in the second half by execution of a major municipal resource recovery project that peaked at about 36 full-time-equivalent personnel. Its PPS Digital Business passed AUD 1.0 million in trailing twelve-month revenue. The Process Technologies division is mainly research and development, with Research and Development Investment of about AUD 2.1 million for the year.

Brine project approvals and partnership

The Queensland Brine Management Complex (QBMC) is planned for a 10-hectare site in the Western Downs region. A development application covering Stage 0, a commercial demonstration project, and Stage 1 was lodged on 22 December 2025. The Annual Report records that an Environmental Authority and state-controlled road access approval was secured on 16 June 2026, and that Western Downs Regional Council approved the development application on 20 August 2026. The company cites preliminary project Economics of an internal rate of return above 30 per cent and a post-tax net present value at a 10 per cent discount rate above AUD 700 million; these are preliminary figures. In May 2026 Parkway also entered a binding memorandum of understanding with Hitachi to jointly develop ultra-high brine concentration systems, a modular product range intended for QBMC and third-party markets in Australia and overseas.

Balance sheet, Going Concern and conditions

Current borrowings were AUD 2,021,120 at year end, reflecting a AUD 2.0 million private term Loan Facility due in June 2027, with a further AUD 1.0 million Acquisition facility available. The annual report states that the group needs new contracts to achieve forecast revenue and that positive operating cash flows must be generated to settle the term loan. It adds that, should these matters not be achieved, there is a significant uncertainty as to.

What Comes Next

The company plans a strategic update at its Annual General Meeting on 25 November 2026..