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Phoslock Environmental Technologies Limited ( (AU:PET) ) has provided an announcement.
Phoslock Environmental Technologies Limited reported a sharp rebound in revenue for the year to 31 December 2025, with income from ordinary activities rising 308.9% to $3.1 million, while its underlying EBIT loss narrowed to $2.8 million. However, the statutory net loss after tax widened 42.9% to $3.3 million, net tangible assets per share fell to 1.09 cents, and the company again withheld dividends, underscoring that despite operational improvement it remains loss-making and in investment mode.
Management highlighted the use of Underlying EBIT, which excludes finance costs, certain non-cash items and tax, as a better indicator of ongoing performance given the volatility from impairments and foreign exchange movements. The improved underlying result, alongside an unmodified audit opinion, suggests gradual operational recovery, but the erosion of net tangible assets and continued absence of shareholder returns signal that the balance sheet and capital management will remain key concerns for investors as the company seeks a clear path to profitability.
The most recent analyst rating on (AU:PET) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Phoslock Environmental Technologies Limited stock, see the AU:PET Stock Forecast page.
More about Phoslock Environmental Technologies Limited
Phoslock Environmental Technologies Limited operates in the environmental services sector, focusing on solutions for water quality management. The company generates revenue from products and services aimed at remediating and managing aquatic environments, targeting markets where improving lake and waterway health is a priority for public and private stakeholders.
Average Trading Volume: 8,271,672
Technical Sentiment Signal: Hold
Current Market Cap: A$9.05M
For detailed information about PET stock, go to TipRanks’ Stock Analysis page.