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Environmental Clean Technologies Limited
(Sydney:ECT)
Environmental Clean Technologies Limited (ECT) vs. iShares MSCI Australia ETF (EWA)
Environmental Clean Technologies Limited Business Overview & Revenue Model
Environmental Clean Technologies Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 257.60K | 0.00 |
| Gross Profit | -745.34K | -1.14M | -1.38M | -1.06M | -1.36M | -321.00K |
| EBITDA | -3.16M | -1.84M | -3.09M | -4.00M | -4.22M | -2.00M |
| Net Income | -4.45M | -3.52M | -3.71M | -4.42M | -5.18M | -1.87M |
Balance Sheet | ||||||
| Total Assets | 23.53M | 3.26M | 5.95M | 8.18M | 11.96M | 6.87M |
| Cash, Cash Equivalents and Short-Term Investments | 3.03M | 478.64K | 762.17K | 1.29M | 4.40M | 1.01M |
| Total Debt | 0.00 | 1.24M | 1.27M | 2.38M | 2.52M | 1.98M |
| Total Liabilities | 1.46M | 2.40M | 2.53M | 4.75M | 4.91M | 5.55M |
| Stockholders Equity | 22.07M | 860.12K | 3.42M | 3.43M | 7.05M | 1.32M |
Cash Flow | ||||||
| Free Cash Flow | -947.61K | -1.02M | -2.90M | -3.00M | -5.58M | -3.66M |
| Operating Cash Flow | -947.62K | -1.02M | -2.71M | -1.60M | -2.35M | -840.89K |
| Investing Cash Flow | 323.53K | -40.00K | -184.02K | -1.37M | -3.13M | -2.23M |
| Financing Cash Flow | 4.43M | 780.96K | 2.37M | -154.41K | 8.87M | 2.98M |
Environmental Clean Technologies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | AU$175.24M | 6.61 | 7.04% | 2.95% | 4.52% | -31.16% | |
57 Neutral | AU$21.80M | 3.85 | 6.19% | ― | -6.52% | -20.79% | |
49 Neutral | AU$30.05M | -16.21 | -16.00% | ― | 11.53% | 46.15% | |
42 Neutral | AU$7.49M | -2.69 | -26.47% | ― | -45.80% | -210.00% | |
41 Neutral | AU$47.85M | -7.05 | -164.39% | ― | ― | 15.66% | |
41 Neutral | AU$8.88M | -1.32 | ― | ― | -0.52% | -38.84% |
Environmental Clean Technologies Limited Corporate Events
Environmental Clean Technologies Limited reported a sharp contraction in revenue to $2,111 for the half-year to 31 December 2025, down 64% from the prior corresponding period, while its net loss widened to $2.58 million, a 56% increase. Despite the deeper loss, basic and diluted loss per share improved slightly, and net tangible assets per share more than doubled to 1.074 cents, though auditors highlighted the reliance on the going concern basis in their review.
The company also gained control of Terrajoule Pty Limited and Terrajoule Inc on 24 December 2025, signalling a strategic expansion of its technology base and potential new avenues for growth. No dividends were declared for the period, underscoring the group’s continued investment phase and the priority on funding development over near-term shareholder returns.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has notified the market of a new selective share buy-back of its ordinary fully paid securities, trading under the ASX code ECT. The announcement, lodged on 27 February 2026, confirms the formal commencement of this capital management initiative, although detailed terms of the buy-back were not disclosed in the notice.
The selective buy-back structure indicates the transaction will apply only to certain shareholders rather than all investors on a pro-rata basis. This move may signal a targeted approach to capital management or shareholder restructuring, with potential implications for the company’s ownership profile and capital structure once full terms are released.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has provided an update on its capital management, revealing that Equity Lending Facility loans linked to around 57.3 million fully paid ordinary shares have reached their contractual expiry without being repaid. These ELFs operate similarly to options, with shares subject to holding locks until the associated limited recourse loans are repaid, and the loans are secured in favour of ECT Finance Limited.
With the loans now expired and remaining unpaid, the company plans, subject to shareholder approval, to selectively buy back or cancel the associated shares in exchange for extinguishing the outstanding limited recourse loans under section 257D of the Corporations Act 2001. Once any approved cancellations are completed, the company will no longer have ELF shares on issue, simplifying its capital structure and potentially improving transparency for existing shareholders.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
The company reported significant progress on its REM in-situ PFAS destruction platform, highlighting exclusive licensing from Rice University, integration of the Terrajoule acquisition, and an advisory board reboot as part of a refreshed corporate strategy aimed at consolidating its position in the fast-growing PFAS remediation market. Recent lab work delivered defluorination efficiencies above 96%, PFOA removal up to 99.98%, and the development of a high-voltage, additive-free system now entering final safety and hardware validation, signalling readiness for pilot-scale deployment in a sector still lacking commercially scalable in-situ solutions.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies has completed the acquisition of Terrajoule, securing an exclusive licence with Rice University to deploy flash joule heating technology for PFAS and heavy metal soil remediation and, through Terrajoule, now controls the proprietary REM technology. The company has formed a specialised Advisory Board featuring leading figures in environmental law, advanced materials and PFAS remediation, appointed Justin Sharp as Chief Technology Officer to drive REM development and commercialisation, and raised $3 million via a placement to support these initiatives; meanwhile, its Zero Quest joint venture continues trials of a COLDry-based fertiliser that early results suggest could outperform traditional urea on growth and emissions, potentially strengthening ECT’s position in both environmental remediation and sustainable agriculture markets.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has received a FY25 R&D Tax Incentive rebate of $556,698 from the Australian Taxation Office, reflecting eligible research and development work on its technology suite. The 43.5% rebate, provided as a cash payment due to the company’s tax loss position, strengthens ECT’s funding base for ongoing R&D and highlights the role of government incentives in supporting its clean technology development and long-term innovation strategy.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has announced a proposed issue of up to 3.5 million performance rights under ASX code ECTAM, with an intended issue date of 29 January 2026. The move, structured as a placement or other type of securities issue, appears aimed at aligning incentives and rewarding performance, which could support the company’s ability to retain key personnel and progress its strategic clean-tech initiatives, although the announcement does not detail specific performance conditions or associated projects.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has appointed Japanese industry leader Hirokazu Minami to its Advisory Board, completing the board’s composition and bolstering its strategic and commercial capabilities. Minami, whose family is the largest shareholder of the Mainami Group, brings extensive executive experience in Japan’s heavy industry, chemicals, energy, aerospace and defence sectors, and deep ties to aviation fuel and petroleum logistics operations that service major Japanese and international airlines at 11 airports with a large refuelling and transport fleet. His expertise is closely aligned with tackling PFAS contamination at airports, fuel logistics infrastructure and heavy industrial sites, positioning ECT to accelerate its targeted entry into Japan’s PFAS remediation market at a time when the country is implementing a broad PFAS ban and facing one of the world’s largest PFAS remediation liabilities, projected to roughly double to US$1.8 billion by 2033.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has appointed non-executive director Justin Mouchacca as its new Company Secretary, replacing outgoing secretary Nova Taylor. Mouchacca, a Chartered Accountant and governance specialist with 18 years’ experience in public company compliance, corporate governance and shareholder relations, will assume responsibility for ASX communications, signaling a strengthening of the company’s corporate governance framework and regulatory oversight.
The most recent analyst rating on (AU:ECT) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Environmental Clean Technologies Limited stock, see the AU:ECT Stock Forecast page.
Environmental Clean Technologies Limited has disclosed its latest register of top shareholders for its ordinary fully paid shares, including those under six- and 12‑month escrow arrangements. The top 20 holders collectively control 45.34% of the company’s 358.8 million issued shares, with LJ & K Thomson Pty Ltd emerging as the largest substantial shareholder at 11.74%, followed by several institutional nominees and private investment entities, underscoring a relatively concentrated ownership base that may influence future governance and strategic decisions.
Environmental Clean Technologies Limited has reported a change in director Faldi Ismail’s indirect interests following the issue of 7.5 million performance rights at nil consideration. The performance rights, approved by shareholders at the company’s 24 November 2025 annual general meeting, were issued through entities associated with Ismail and increase his exposure to the company’s future performance, signalling continued alignment between board incentives and shareholder value creation.
Environmental Clean Technologies Limited has issued 140,058,822 new fully paid ordinary shares without a prospectus, relying on provisions of the Corporations Act that allow such an issue without formal disclosure to investors. The company states it is up to date with its financial reporting and continuous disclosure obligations and confirms there is no undisclosed price-sensitive information, positioning the new shares to trade on-market while signalling compliance with regulatory requirements for existing and new shareholders.
Environmental Clean Technologies has completed the acquisition of Terrajoule Pty Ltd, securing an exclusive licence from Rice University over flash joule heating technology for remediating PFAS- and heavy metal-contaminated soils, and has strengthened its leadership with a new CTO and advisory board appointments to support a portfolio of disruptive technologies. The company also finalised the second tranche of a placement, lifting the total capital raised under the issue to $3.25 million, advanced trials of its COLDry-derived fertiliser product with early signs of improved crop performance and reduced emissions, and initiated discussions to sell its largely unused Yallourn property as it pivots away from its original hydrogen refinery plans toward fertiliser-focused growth.
Environmental Clean Technologies Limited has issued 3.5 million unlisted performance rights, effective 23 December 2025, under an already announced transaction framework. The new unquoted securities are not intended to be listed on the ASX, signalling the use of equity-based incentives or structured compensation that may further align management and key personnel with long-term company performance without immediately diluting the quoted share base.
Environmental Clean Technologies Limited has applied to the ASX for quotation of 1.5 million new fully paid ordinary shares issued on 23 December 2025 as consideration for services provided to the company. The scrip-based payment underscores ECT’s use of equity to compensate service providers, modestly increasing its quoted share capital and potentially preserving cash resources while it continues to execute on its clean technology strategy.
Environmental Clean Technologies Limited has issued 4 million unlisted performance rights as part of a previously announced transaction, with the new securities created on 23 December 2025. The performance rights are unquoted and not intended to be listed on the ASX, indicating they are likely being used as an incentive or remuneration tool for management or key stakeholders, which may align executive interests with longer-term company performance and capital management objectives without immediate dilution in the quoted market.
Environmental Clean Technologies Limited has applied to the ASX for quotation of 1,666,667 new fully paid ordinary shares, issued on 23 December 2025. The additional securities, arising from the exercise or conversion of existing instruments, modestly expand the company’s share capital and may provide incremental funding flexibility, signalling continued capital markets activity as it advances its clean technology initiatives.
Environmental Clean Technologies Limited has applied to the ASX for quotation of 45,833,333 new fully paid ordinary shares, with an issue date of 23 December 2025. The securities are being quoted as part of previously announced transactions and will expand the company’s listed share capital, a move that may support its funding capacity and provide additional liquidity for investors as it advances its environmental technology initiatives.
Environmental Clean Technologies Limited has applied to the ASX for quotation of 17,725,490 new fully paid ordinary shares. The securities, issued on 23 December 2025 following the exercise or conversion of existing options or other convertible instruments, will expand the company’s quoted share capital, potentially enhancing liquidity for investors and providing additional equity that may support the company’s future funding and operational needs.
Environmental Clean Technologies Limited has notified the market of the issue of 7.5 million unquoted performance rights, split evenly between a new Class C and Class D, under an existing Appendix 3B transaction framework. The Class C Performance Rights, totalling 3.75 million, were issued on 23 December 2025, while a further 3.75 million Class D Performance Rights are scheduled with a 30 December 2031 date, signalling the company’s continued use of long-dated, performance-based equity to align incentives and support its longer-term strategic and operational objectives without immediate dilution to quoted shareholders.
Environmental Clean Technologies Limited has notified the market of the issue of 35 million unquoted options, each exercisable at $0.12 and expiring three years from their issue date of 23 December 2025. The options, which form a new class of unquoted equity securities not intended to be listed on the ASX, increase the company’s potential future capital base and may provide additional funding flexibility as it advances its clean technology initiatives, with implications for existing shareholders through possible future dilution if the options are exercised.
Environmental Clean Technologies Limited has notified the market of the issue of 66,666,666 unquoted performance rights, split evenly between Class A and Class B, with an issue date of 23 December 2025. The creation of these new classes of unquoted equity securities, which are not intended to be quoted on ASX, indicates the company is further utilising performance-based equity instruments, likely as part of its capital management or incentive structures, with implications for future potential dilution and alignment of key stakeholders with long-term company performance.
Environmental Clean Technologies Limited has applied to the ASX for quotation of 73,333,332 new fully paid ordinary shares under its existing issuer code ECT. The shares, issued on 23 December 2025 and detailed in an Appendix 2A filing, expand the company’s quoted capital base and may provide additional funding capacity, with implications for shareholder dilution and the company’s flexibility to pursue ongoing corporate or project-related activities.
Environmental Clean Technologies Limited has notified the ASX of its intention to issue up to 3.5 million unlisted performance rights as part of a new securities placement. The proposed issue, expected to occur on 24 December 2025, represents a non-cash equity-based component of the company’s capital management and incentive arrangements, potentially aligning key stakeholders’ interests with long-term company performance and signalling continued use of performance-linked remuneration in its governance framework.
Environmental Clean Technologies Limited has appointed former SciDev CEO and Managing Director Lewis Utting to its newly created Advisory Board, strengthening its commercial and technical capabilities in chemicals, water treatment, mineral processing and PFAS remediation. Utting, who previously held senior roles at BASF and led SciDev’s transformation into the first PFAS remediation business on the ASX, joins existing advisory members Robert Bilott and Professor James Tour, with the board’s establishment and his appointment seen as key to executing ECT’s growth strategy and advancing the commercialisation of its remediation technologies in 2026; as part of the appointment, Utting will receive 3.5 million performance rights that will vest into ordinary shares subject to set conditions.
Environmental Clean Technologies Limited announced that its subsidiary, Terrajoule Inc., has entered into a formal license agreement with Rice University to utilize proprietary flash joule heating technology. This agreement is a significant step in ECT’s acquisition of Terrajoule Pty Ltd, aimed at enhancing their capabilities in remediating soil contaminated by PFAS and heavy metals, thereby strengthening their market position in environmental solutions.
Environmental Clean Technologies Limited has appointed Professor James Tour to its Advisory Board, a move that strengthens the company’s technical capabilities. Professor Tour, a globally recognized expert in chemistry and nanotechnology, is the inventor of the FJH process, which is crucial to ECT’s PFAS soil remediation solution. His appointment is expected to enhance ECT’s development and commercialization efforts, aligning his interests with shareholders as he becomes a significant shareholder upon the completion of a related transaction.