ASX:WATLeisure
Waterco Margin Compression Challenges Bullish Narratives Despite High Quality Trailing Earnings
Waterco (ASX:WAT) opened H1 2026 with A$120.2 million in revenue and basic EPS of A$0.105, alongside trailing 12 month revenue of A$253.4 million and EPS of A$0.297. The company has seen revenue move from A$126.0 million and EPS of A$0.197 in H2 2024, to A$134.7 million and EPS of A$0.167 in H1 2025, then to A$120.2 million and EPS of A$0.105 in H2 2025. This sets up the latest result against a backdrop of net profit margins that have eased over the past year.
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