Rubicon Water Limited

ASX:RWL Stock Report

Market Cap: AU$22.4m

Rubicon Water Past Earnings Performance

Past criteria checks 0/6

Rubicon Water's earnings have been declining at an average annual rate of -51.8%, while the Electronic industry saw earnings growing at 4.8% annually. Revenues have been declining at an average rate of 4.7% per year.

Key information

-51.76%

Earnings growth rate

-52.71%

EPS growth rate

Electronic Industry Growth16.11%
Revenue growth rate-4.66%
Return on equity-20.91%
Net Margin-17.72%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

New Narrative Mar 01

Long Term Water Security And ESG Stewardship Will Support This Undervalued Irrigation Supplier

Catalysts About Rubicon Water Rubicon Water provides technology and infrastructure solutions to modernize gravity fed irrigation networks and improve water efficiency worldwide. What are the underlying business or industry changes driving this perspective?
Analysis Article Jan 28

Rubicon Water Limited (ASX:RWL) Surges 31% Yet Its Low P/S Is No Reason For Excitement

Rubicon Water Limited ( ASX:RWL ) shareholders are no doubt pleased to see that the share price has bounced 31% in the...
Analysis Article Dec 24

Is Rubicon Water (ASX:RWL) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 01

Rubicon Water Limited (ASX:RWL) Held Back By Insufficient Growth Even After Shares Climb 50%

Rubicon Water Limited ( ASX:RWL ) shares have had a really impressive month, gaining 50% after a shaky period...
Analysis Article Sep 17

It's Down 26% But Rubicon Water Limited (ASX:RWL) Could Be Riskier Than It Looks

Rubicon Water Limited ( ASX:RWL ) shares have had a horrible month, losing 26% after a relatively good period...
Analysis Article Aug 26

Rubicon Water (ASX:RWL) Is Making Moderate Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jun 24

It's Down 29% But Rubicon Water Limited (ASX:RWL) Could Be Riskier Than It Looks

Rubicon Water Limited ( ASX:RWL ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article Mar 07

Market Cool On Rubicon Water Limited's (ASX:RWL) Revenues Pushing Shares 34% Lower

Rubicon Water Limited ( ASX:RWL ) shares have had a horrible month, losing 34% after a relatively good period...
Analysis Article Dec 08

Positive Sentiment Still Eludes Rubicon Water Limited (ASX:RWL) Following 29% Share Price Slump

The Rubicon Water Limited ( ASX:RWL ) share price has softened a substantial 29% over the previous 30 days, handing...
Analysis Article Oct 23

Subdued Growth No Barrier To Rubicon Water Limited (ASX:RWL) With Shares Advancing 35%

Rubicon Water Limited ( ASX:RWL ) shares have had a really impressive month, gaining 35% after a shaky period...
Analysis Article Aug 08

Rubicon Water Limited (ASX:RWL) Shares May Have Slumped 33% But Getting In Cheap Is Still Unlikely

To the annoyance of some shareholders, Rubicon Water Limited ( ASX:RWL ) shares are down a considerable 33% in the last...
Analysis Article May 28

What Rubicon Water Limited's (ASX:RWL) P/S Is Not Telling You

It's not a stretch to say that Rubicon Water Limited's ( ASX:RWL ) price-to-sales (or "P/S") ratio of 1.2x right now...
Analysis Article Mar 06

Is Rubicon Water (ASX:RWL) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 31

Pinning Down Rubicon Water Limited's (ASX:RWL) P/S Is Difficult Right Now

With a median price-to-sales (or "P/S") ratio of close to 1.6x in the Electronic industry in Australia, you could be...
Analysis Article Sep 06

There's Reason For Concern Over Rubicon Water Limited's (ASX:RWL) Price

It's not a stretch to say that Rubicon Water Limited's ( ASX:RWL ) price-to-sales (or "P/S") ratio of 1.9x right now...
Analysis Article Mar 02

We Believe That Rubicon Water's (ASX:RWL) Weak Earnings Are A Good Indicator Of Underlying Profitability

The market shrugged off Rubicon Water Limited's ( ASX:RWL ) weak earnings report. Despite the strength in the stock, we...

Revenue & Expenses Breakdown

How Rubicon Water makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:RWL Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2566-12350
30 Sep 2568-9340
30 Jun 2569-7340
31 Mar 2563-7310
31 Dec 2457-7290
30 Sep 2458-9290
30 Jun 2458-11290
31 Mar 2460-11280
31 Dec 2361-11280
30 Sep 2358-11280
30 Jun 2355-11270
31 Mar 2358-9270
31 Dec 2260-7270
30 Sep 2263-4270
30 Jun 22650260
31 Mar 22692260
31 Dec 21734270
30 Sep 21776260
30 Jun 21828260
31 Mar 21799250
31 Dec 20769240
30 Sep 20705240
30 Jun 20651240
30 Jun 19768230
30 Jun 18719210
30 Jun 17606180

Quality Earnings: RWL is currently unprofitable.

Growing Profit Margin: RWL is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: RWL is unprofitable, and losses have increased over the past 5 years at a rate of 51.8% per year.

Accelerating Growth: Unable to compare RWL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RWL is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (9%).


Return on Equity

High ROE: RWL has a negative Return on Equity (-20.91%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/30 16:13
End of Day Share Price 2026/05/29 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rubicon Water Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James FerrierCanaccord Genuity
James FerrierCanaccord Genuity Historic (Wilsons Advisory and Stockbroking Ltd.