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Phoslock Environmental Technologies Limited
(Sydney:PET)
Phoslock Environmental Technologies Limited (PET) vs. iShares MSCI Australia ETF (EWA)
Phoslock Environmental Technologies Limited Business Overview & Revenue Model
Phoslock Environmental Technologies Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.39M | 757.00K | 3.50M | 3.02M | 6.30M | 6.88M |
| Gross Profit | 2.49M | 993.00K | 1.92M | 696.00K | 2.71M | 4.10M |
| EBITDA | -3.61M | -2.53M | -2.27M | -10.48M | -6.89M | -25.15M |
| Net Income | -2.06M | -2.74M | -2.06M | -11.21M | -4.61M | -25.73M |
Balance Sheet | ||||||
| Total Assets | 14.44M | 10.76M | 14.44M | 18.12M | 30.41M | 38.02M |
| Cash, Cash Equivalents and Short-Term Investments | 10.72M | 7.86M | 10.72M | 14.58M | 22.99M | 30.47M |
| Total Debt | 342.00K | 367.00K | 342.00K | 955.00K | 1.29M | 3.84M |
| Total Liabilities | 2.21M | 1.15M | 2.21M | 3.48M | 4.60M | 8.55M |
| Stockholders Equity | 12.24M | 9.61M | 12.24M | 14.64M | 25.82M | 29.47M |
Cash Flow | ||||||
| Free Cash Flow | -3.12M | -2.88M | -3.16M | -7.70M | -7.07M | -12.61M |
| Operating Cash Flow | -2.62M | -2.85M | -2.62M | -7.07M | -6.93M | -12.55M |
| Investing Cash Flow | -533.00K | -49.00K | -533.00K | -628.00K | -141.00K | -52.00K |
| Financing Cash Flow | -561.00K | -355.00K | -561.00K | -687.00K | -480.00K | 27.96M |
Phoslock Environmental Technologies Limited Technical Analysis
Phoslock Environmental Technologies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$104.64M | 27.50 | 9.28% | ― | 19.70% | 8.70% | |
54 Neutral | AU$32.28M | ― | -22.62% | ― | 6.37% | 20.31% | |
44 Neutral | AU$15.63M | 6.25 | -20.47% | ― | -77.68% | -9.09% | |
44 Neutral | AU$1.45B | -6.10 | -40.74% | 3.85% | -3.45% | -41.76% | |
41 Neutral | AU$9.10M | ― | -203.38% | ― | 20.00% | 17.22% | |
27 Underperform | AU$15.84M | ― | -122.51% | ― | ― | 26.32% |
Phoslock Environmental Technologies Limited Corporate Events
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.
Phoslock Environmental Technologies Limited has announced a change in the address of its share registry office in Sydney, effective from June 10, 2025. This move requires all documentation from member organizations, security holders, and other parties to be submitted to the new location. The change is part of the company’s operational updates and does not affect telephone numbers or postal addresses, ensuring minimal disruption for stakeholders.
Phoslock Environmental Technologies Limited announced the successful results of its Annual General Meeting, where all resolutions, including the adoption of the Remuneration Report and the re-election of Mr. Fred Bart as Director, were passed by a significant majority. This outcome reflects strong shareholder support and is likely to positively impact the company’s governance and strategic direction, reinforcing its position in the water treatment industry.
Phoslock Environmental Technologies experienced a challenging year with a significant drop in sales volumes in 2024 compared to the previous year, but the company anticipates a substantial recovery in 2025. The first quarter of 2025 already shows promising sales figures, driven by renewed purchases from HydroScience and strong performance in the US and Europe. Financially, the company reported a loss in 2024 but showed improved underlying profit due to reduced costs. The company’s cashflow deficit has also improved, and the refurbishment of its Chinese factory is underway to boost production capacity.
At the 2025 Annual General Meeting, Phoslock Environmental Technologies’ Chairman, Fred Bart, highlighted the company’s efforts to revitalize its operations, including retaining key management in the US and Europe and securing distributors in Brazil and the US. Despite slow sales in 2024, the company anticipates improved performance in 2025, although it remains below breakeven levels. The company is facing increased competitive pressure and is investing in R&D to enhance its product offerings. However, ongoing legal issues, including an Australian Federal Police investigation and shareholder claims, continue to create uncertainty about the company’s long-term future, impacting its operational focus and financial stability.
Phoslock Environmental Technologies Limited reported a cashflow deficit of approximately $950,000 for the March quarter, an improvement from the previous year’s deficit but higher than recent quarters. Sales increased significantly to 383 tonnes, with major contributions from Brazil and the USA. The company is preparing for potential sales growth in Europe and addressing challenges posed by increased US tariffs on Chinese goods. Additionally, Phoslock is dealing with legacy legal issues, including a class action, and is working towards lifting the suspension of its shares on the ASX.