Water Intelligence (LSE:WATR) reported a 7% increase in revenue for the first half of 2026 and launched a preventive maintenance business combining water monitoring technology with its existing leak detection and repair services.
Revenue increased to $48.2 million for the period, while adjusted EBITDA rose 6% to $9.8 million.
The company said growth was supported by corporate and franchise-related sales, with international corporate revenue increasing 40%.
Statutory profit before tax declined 22%, reflecting higher investment and costs during the period, while margins decreased slightly.
Net Debt to Adjusted EBITDA Stands at 1.29
Water Intelligence reported a net debt to adjusted EBITDA ratio of 1.29 and said its balance sheet provides capacity to continue pursuing acquisitions.
The group also continued its share buyback programme during the period.
Water Intelligence operates through a combination of corporate-owned operations and franchises, with its American Leak Detection business providing leak detection and remediation services across the U.S.
Preventive Maintenance Business Launched
Alongside its interim results, Water Intelligence formally launched a preventive maintenance operation based on its technology-enabled services platform.
The new business follows paid pilot programmes with large customers and combines wireless water monitoring devices with data-based subscription aftercare services.
The offering also incorporates Water Intelligence’s installation, leak detection and response capabilities to provide monitoring and repair services through a single platform.
Insurance Channels Form Part of New Service Model
Water Intelligence plans to use its existing U.S. insurance relationships and direct workforce to support the rollout of its preventive maintenance services.
The company said the model is designed to provide customers with water monitoring, leak identification and subsequent repair services.
Water Intelligence provides leak detection and remediation services for potable and non-potable water systems, serving residential, commercial and municipal customers.
Its operations include American Leak Detection in the U.S. alongside its international activities.
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