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Phoslock Environmental Technologies Limited ( (AU:PET) ) has issued an announcement.
Phoslock Environmental Technologies Limited reported a cash position of $5.2 million as of September 30, 2025, with a cashflow deficit from operating activities reaching $952,000 for the quarter. Sales were primarily driven by Brazil and the USA, with a total of 251 tons sold in the quarter. The company is addressing legacy legal matters, including a potential class action, and has resumed trading on the ASX. R&D efforts in China are ongoing, with promising experimental products in development. The company anticipates further sales improvements in the December quarter.
More about Phoslock Environmental Technologies Limited
Phoslock Environmental Technologies Limited (ASX: PET) is a company specializing in water treatment products aimed at remediating polluted lakes, rivers, canals, and drinking water reservoirs. Headquartered in Sydney, the company operates a factory and warehouse in Changxing, China, and maintains offices in China, the UK/Europe, and the USA. PET’s primary product, Phoslock®, is a lanthanum modified bentonite that binds excess phosphorus in water, improving water quality and biodiversity. It is certified for use in drinking water across several regions, including North America, Europe, Brazil, Australia, and China.
Average Trading Volume: 12,591,737
Technical Sentiment Signal: Sell
Current Market Cap: A$5M
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