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Fluence Corporation Limited
(OTC:FLC)
Fluence Corporation Limited (FLC) vs. iShares MSCI Australia ETF (EWA)
Fluence Corporation Limited Business Overview & Revenue Model
Fluence Corporation Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.89M | 51.49M | 70.04M | 119.09M | 103.19M | 97.14M |
| Gross Profit | 26.46M | 15.16M | 19.08M | 28.02M | 21.38M | 27.80M |
| EBITDA | -15.64M | -17.05M | -8.87M | -10.37M | -4.07M | -2.83M |
| Net Income | -25.08M | -21.40M | -16.01M | -16.19M | -14.70M | -17.02M |
Balance Sheet | ||||||
| Total Assets | 107.01M | 74.11M | 93.13M | 123.62M | 149.14M | 154.76M |
| Cash, Cash Equivalents and Short-Term Investments | 19.43M | 8.97M | 28.28M | 35.06M | 52.35M | 60.39M |
| Total Debt | 33.13M | 21.45M | 19.31M | 35.30M | 41.36M | 21.70M |
| Total Liabilities | 121.17M | 81.60M | 80.91M | 120.70M | 133.15M | 124.29M |
| Stockholders Equity | -7.22M | -5.27M | 14.18M | 4.91M | 17.89M | 32.25M |
Cash Flow | ||||||
| Free Cash Flow | -5.40M | -35.24M | -20.80M | -14.10M | -6.26M | 21.08M |
| Operating Cash Flow | -2.87M | -32.50M | -19.02M | -13.65M | -4.84M | 22.25M |
| Investing Cash Flow | 3.66M | 6.20M | 4.42M | 15.39M | 7.35M | -29.31M |
| Financing Cash Flow | 6.68M | 1.97M | 10.07M | 2.54M | 8.89M | 16.96M |
Fluence Corporation Limited Technical Analysis
Fluence Corporation Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$43.04M | 9.54 | 20.77% | 4.55% | 66.80% | 625.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | AU$175.82M | 18.37 | 7.04% | 2.95% | 4.52% | -31.16% | |
53 Neutral | AU$34.02M | -15.00 | -16.00% | ― | 11.53% | 46.15% | |
48 Neutral | AU$110.76M | -4.35 | ― | ― | 11.44% | 19.49% | |
45 Neutral | AU$9.38M | -3.26 | -14.80% | ― | -33.93% | -366.67% | |
41 Neutral | AU$9.99M | -3.64 | -26.47% | ― | -45.80% | -210.00% |
Fluence Corporation Limited Corporate Events
Fluence Corporation Limited has notified the market of the issuance of 32 million unquoted options, exercisable at A$0.054 and expiring on 30 December 2032. The options, which stem from a previously announced transaction and are not intended to be quoted on the ASX, expand the company’s pool of equity-linked securities and may have future implications for capital structure and potential dilution for existing shareholders if exercised.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
Fluence Corporation Limited has appointed Benjamin Fash as a director effective 30 December 2025, disclosing that he holds 1,250,000 fully paid ordinary shares and several tranches of unlisted options with varying exercise prices and maturities. Under his executive employment agreement, Fash has been granted 32 million time-vesting unlisted options at an exercise price of AU$0.054, all issued on 5 January 2026 and expiring in December 2032, a structure that aligns his long‑term incentives with shareholder outcomes and underscores the company’s use of equity-based remuneration to secure and retain senior leadership.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
Fluence Corporation Limited has advised the ASX that director Thomas Pokorsky ceased to be a director of the company effective 30 December 2025, in accordance with listing rule disclosure requirements. The company disclosed Pokorsky’s final interests in Fluence securities, including fully paid ordinary shares and a substantial portfolio of unlisted options with varying exercise prices and expiries, providing transparency for investors around his holdings at the time of his departure from the board.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
Fluence Corporation Limited has issued a total of 19 million unquoted options under an employee incentive scheme, comprising 2 million options exercisable at $0.115 and 17 million options exercisable at $0.082, all expiring on 17 December 2032. The awards, which are not intended to be quoted on the ASX, are designed to align employee interests with long-term shareholder value and may lead to future dilution if exercised, reinforcing Fluence’s use of equity-based remuneration as part of its talent retention and incentive strategy.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
Fluence Corporation Limited has notified the market of the issuance of 11.5 million unquoted options under an employee incentive scheme, comprising 10 million options exercisable at $0.115 and 1.5 million options exercisable at $0.082, both expiring on 17 December 2032. The move increases the company’s pool of equity-based incentives for staff and executives, potentially aligning employee interests with long-term shareholder value and modestly diluting existing equity holders if the options are exercised.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
Fluence Corporation Limited has announced significant updates to its executive management team, including the appointment of Benjamin Fash as the new CEO and Managing Director, effective December 30, 2025. The company has also appointed Osvaldo Llanes as Chief Financial Officer and Anda Cao as Vice President and General Manager of the Southeast Asia and China business unit, both effective December 1, 2025. Additionally, existing executives Rick Cisterna and Spencer Smith will take on expanded roles as Chief Growth Officer and Chief Talent and Legal Officer, respectively. These changes are aimed at strengthening Fluence’s leadership to accelerate growth, expand its global footprint, and enhance its water and wastewater treatment solutions, ultimately driving long-term value for stakeholders.
Fluence Corporation Limited announced a change in the director’s interest, specifically for Director Douglas Brown. On November 6, 2025, Brown acquired 13,122,604 fully paid ordinary shares through direct and indirect interests. The acquisition was valued at $707,441, which includes interest accrued under a revolving credit facility and accrued director fees. This change in shareholding reflects a significant increase in Brown’s investment in the company, potentially indicating confidence in the company’s future performance.
Fluence Corporation Limited has issued 54,479,094 fully paid ordinary shares, with the majority allocated to lenders of the company’s Revolving Credit Facility as a conversion of interest into shares, and a smaller portion to non-executive directors in lieu of accrued fees. This strategic move, approved by shareholders, aims to strengthen the company’s financial position and reflects its compliance with relevant regulatory provisions, potentially enhancing its market standing and operational flexibility.
Fluence Corporation Limited has announced the quotation of 51,972,097 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s financial flexibility.
Fluence Corporation Limited announced the quotation of 1,984,905 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance the company’s market presence and provide liquidity options for its employees, potentially strengthening its position in the water treatment industry.
Fluence Corporation Limited has released its Q3 2025 results, highlighting its ongoing commitment to sustainable water solutions. The presentation underscores the company’s strategic focus on leveraging its innovative technologies to enhance its market position and address global water challenges, although it cautions that forward-looking statements are subject to risks and uncertainties.
Fluence Corporation reported a significant revenue growth of 72.9% in Q3 2025 compared to the previous year, driven largely by the Ivory Coast Addendum. The company achieved an EBITDA of $1.2M, marking an increase over the prior year, despite a slight reduction in gross margins due to the Ivory Coast project. New orders increased by 9.6% in Q3 2025, with a strong backlog forecasted to contribute to future revenue. The company remains optimistic about its financial performance, maintaining its FY2025 guidance, though it expects to finish near the lower end of its revenue and EBITDA range. The impact of US tariffs is anticipated to be minor, with management implementing strategies to mitigate potential negative effects.
Fluence Corporation Limited reported a net cash inflow from operating activities of $2.194 million for the quarter ending September 2025, driven by strong customer receipts totaling $23.610 million. Despite significant expenses in product manufacturing and staff costs, the company managed to maintain a positive cash flow, reflecting its operational efficiency. However, the company experienced a net cash outflow in financing activities, primarily due to the repayment of borrowings, resulting in an overall cash increase of $12.720 million for the period.
Fluence Corporation Limited has secured a contract worth over $12 million to provide an ultra-pure water treatment system for a new combined-cycle power plant in Saudi Arabia. This contract underscores Fluence’s expanding presence in the Middle East and its commitment to delivering efficient and sustainable water treatment solutions for the power and energy sector. The project aligns with Fluence’s global strategy and involves collaboration between its teams in the Middle East and Argentina, highlighting the company’s strategic partnerships and operational capabilities.
Fluence Corporation Limited announced it will release its Quarterly Business Update for the quarter ending September 30, 2025, on October 30, 2025. CEO Tom Pokorsky and CFO Ben Fash will host a webcast to discuss the update, emphasizing the company’s ongoing commitment to transparency and stakeholder engagement. This announcement underscores Fluence’s strategic focus on maintaining its competitive edge in the wastewater treatment industry by keeping investors informed about its financial performance and operational strategies.
Fluence Corporation Limited announced the cessation of certain securities, specifically options that expired without being exercised or converted. This development may impact the company’s capital structure and could influence investor perceptions, as it reflects on the company’s financial strategies and market positioning.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.