Phoslock Environmental Technologies Faces Operational and Legal Challenges

Phoslock Environmental Technologies Limited ( (AU:PET) ) has issued an update.

At the 2025 Annual General Meeting, Phoslock Environmental Technologies’ Chairman, Fred Bart, highlighted the company’s efforts to revitalize its operations, including retaining key management in the US and Europe and securing distributors in Brazil and the US. Despite slow sales in 2024, the company anticipates improved performance in 2025, although it remains below breakeven levels. The company is facing increased competitive pressure and is investing in R&D to enhance its product offerings. However, ongoing legal issues, including an Australian Federal Police investigation and shareholder claims, continue to create uncertainty about the company’s long-term future, impacting its operational focus and financial stability.

More about Phoslock Environmental Technologies Limited

Phoslock Environmental Technologies Limited (ASX: PET) specializes in water treatment products aimed at remediating polluted lakes, rivers, canals, and drinking water reservoirs. The company is headquartered in Sydney, with operations in Changxing, China, and is represented globally by various licensees and distributors. Its primary product, Phoslock®, is a lanthanum modified bentonite that binds excess phosphorus, improving water quality and biodiversity without harming living organisms.

Technical Sentiment Signal: Sell

Current Market Cap: A$15.63M

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