Watlington Waterworks Ltd has reported double-digit profit growth for the first half of 2025, as the utility completed a major new, 3-million-gallon reservoir and treatment facility in Southampton.

For the six months to June 30, the company posted net earnings of $2 million, up 10 per cent from $1.8 million a year earlier. Revenue rose 11 per cent to $7.48 million, driven by higher water sales and increased connection fees. Earnings per share improved to $1.84 from $1.67.

Shareholders will receive an interim dividend of 60 cents per share, compared with 50 cents a year ago.

The company’s balance sheet remained strong, with equity rising to $42.3 million from $40.9 million at year-end 2024. Cash holdings climbed to $4.8 million from $4 million.

Over the past five years, Watlington has steadily grown revenue from $4.9 million in 2021 to $7.6 million in 2025, while dividends have increased from 40 cents to 60 cents per share.