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Phoslock Environmental Technologies Limited ( (AU:PET) ) has issued an update.
Phoslock Environmental Technologies Limited reported a significant increase in revenue by 147.8% to $1,425,000 for the half-year ended June 30, 2025, compared to the previous period. Despite this revenue growth, the company experienced a 79.8% increase in losses after tax, amounting to $1,057,000, highlighting ongoing financial challenges. The report also notes a decline in underlying EBIT by 17%, reflecting the company’s struggle to achieve profitability amidst rising costs and foreign exchange losses. No dividends were declared, and the financial statements indicate a material uncertainty related to the company’s ability to continue as a going concern.
More about Phoslock Environmental Technologies Limited
Phoslock Environmental Technologies Limited operates in the environmental technology industry, focusing on water treatment solutions. The company specializes in products designed to remediate and manage water bodies, addressing issues such as nutrient pollution and harmful algal blooms.
Average Trading Volume: 12,591,737
Technical Sentiment Signal: Sell
Current Market Cap: A$5.63M
Learn more about PET stock on TipRanks’ Stock Analysis page.