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Phoslock Environmental Technologies Limited ( (AU:PET) ) just unveiled an update.
Phoslock Environmental Technologies Limited reported a cashflow deficit of $474,000 for the June 2025 quarter, with sales receipts totaling $823,000. The company faced deferred projects in Europe, impacting sales performance, and is dealing with ongoing legal matters and discussions to lift share suspension. The refurbishment of its Changxing factory is expected to conclude in August, with production resumption likely in the March 2026 quarter. The company is also navigating US import tariffs on Chinese goods, which have fluctuated significantly, affecting profitability. Despite these challenges, Phoslock is continuing its R&D efforts in China, focusing on experimental products with promising initial results.
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. 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 to improve water quality and biodiversity, and is certified for use in multiple regions worldwide.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.63M
See more insights into PET stock on TipRanks’ Stock Analysis page.