Water is fast becoming one of the world’s most valuable resources – and not just because of droughts, climate change and rising utility bills. Ageing pipes, poor infrastructure, more frequent floods and spiralling insurance claims mean that homeowners, landlords, insurers and municipalities are increasingly looking to prevent leaks before they turn into costly disasters. 

That’s exactly where WATER INTELLIGENCE PLC  fits in. A ‘one stop shop’ for precision monitoring, minimally invasive leak detection, repair and aftercare, operating across the US, UK, Ireland, Canada and Australia. Better still, as evidenced by today’s ‘in line’ FY’25 results, the business has reached an inflection point – combining robust growth, improving margins and potentially game-changing traction in preventative maintenance.

Here FY25 sales climbed 9% to $90.4m, EBITDA jumped 15% to $16.5m and PBT increased 9% to $9.2m. EBITDA margins improved 1.1% to 18.2%, helped by operational efficiencies across corporate locations, whilst FD EPS (incl B shares) rose 6.2% to 34.2c. Net debt closed at a comfortable $19.3m, or only 1.2x EBITDA, even after selective franchise acquisitions and $1.6m of share buybacks.

But the really exciting bit is strategic.

During 2025, #WATR launched its preventative maintenance growth strategy, integrating StreamLabs Water and Bluebot smart monitoring devices into its Salesforce CRM platform, alongside data dashboards, automated workflows, first-responder leak detection and aftercare. Put simply, the company is no longer just detecting leaks after the event. It is building a scalable Technology Enabled Services platform that can monitor, diagnose, prevent and repair water loss – creating high quality revenue streams with insurers, property managers and large commercial customers.

The drivers of trading are encouraging too. First, core demand remains resilient because leaks, pipe failures and water damage are non-discretionary problems that customers cannot simply ignore. Next, international growth is providing a powerful boost, especially in Ireland. Third, US corporate stores are benefiting from operational improvements, with the Dallas Template helping lift productivity and margins. And lastly, B2B momentum has improved sharply into 2026, with paid pilots for preventative maintenance already helping reverse last year’s franchise-related channel weakness.

Exec Chairman Patrick DeSouza adding that "we remain on track to meet FY'26 expectations.”

Looking ahead, Canaccord Genuity Group Inc. is forecasting FY’26 turnover, EBITDA, PBT & FD EPS of $99.6m, $18.2m, $10.8m & 38.3c (incl B shares) respectively. Thus at 250p, putting the stock on just 8.7x PER, 4.8x EV/EBITDA and a 0.7x PEG ratio. Moreover they've maintained their BUY rating and 515p price target, implying roughly 100% upside, whilst noting US water-tech peers typically trade on 20x+ earnings.

Disclosure: I own shares in WATER INTELLIGENCE PLC, who are also a Vox Markets client.

table