Duxton Water Limited (ASX:D2O) Executes $121.3 Million Sale of Water Entitlements
Transaction Overview
Duxton Water has agreed to sell 30,614 megalitres of Australian water entitlements to the Australian Government to support environmental water flows. The sale includes both high security and general security water entitlements across several regions and river systems.
Financial Impact
Sale proceeds of approximately $121.3 million are expected upon settlement. The proceeds will be used to settle $19 million in permanent water entitlement acquisitions and reduce the Company’s debt facility.
Portfolio Impact
After the transaction, Duxton Water’s entitlement portfolio is expected to total 60.9 gigalitres, valued at approximately $294.4 million based on January 2025 valuations.
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