De.mem Ltd., an Australian water treatment company, has reported strong financial results for the first half of 2025, achieving a significant milestone with its first positive adjusted EBITDA. Revenues increased by 20% to $14.0 million, while cash receipts rose by 16% to $15.7 million. The company has sustained cash receipt growth for 25 consecutive quarters. The gross margin improved from 40% to 43%, reflecting both growth momentum and enhanced operational profitability. Adjusted EBITDA reached a historical high of $556,000, compared to a loss of $389,000 in the same period the previous year. The operational cash flow also turned positive, registering $768,000. A key driver of De.mem's performance is its business model, with approximately 90% of revenues being recurring. This includes BOO contracts, maintenance services, membrane and chemical sales, and home water filtration systems, contributing to stable income and cash flow visibility. With liquid assets amounting to $4.0 million, De.mem enters the second half of the year with optimism. Growth is expected to be fueled by the home filtration sector, cross-selling of high-margin product groups, and recent acquisitions. CEO Andreas Kroell highlights the achievement of a positive EBITDA as a crucial turning point for the company, emphasizing strong revenue growth, cash generation, and the potential of new markets.