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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 | EBIT |
| -3.69M | -2.55M | -2.38M | -9.99M | -6.42M | -18.96M | EBITDA |
| -3.61M | -2.53M | -2.27M | -10.48M | -6.89M | -25.15M | Net Income Common Stockholders |
| -2.06M | -2.74M | -2.06M | -11.21M | -4.61M | -25.73M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 14.58M | 7.86M | 10.72M | 14.58M | 22.99M | 30.47M | Total Assets |
| 18.12M | 10.76M | 14.44M | 18.12M | 30.41M | 38.02M | Total Debt |
| 955.00K | 367.00K | 342.00K | 955.00K | 1.29M | 3.84M | Net Debt |
| -13.50M | -7.49M | -10.28M | -13.50M | -21.70M | -26.61M | Total Liabilities |
| 3.48M | 1.15M | 2.21M | 3.48M | 4.60M | 8.55M | Stockholders Equity |
| 14.64M | 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$93.22M | 24.50 | 9.28% | ― | 19.70% | 8.70% | |
54 Neutral | AU$33.70M | ― | -22.62% | ― | 6.37% | 20.31% | |
51 Neutral | $2.02B | -1.14 | -21.37% | 3.64% | 2.88% | -30.57% | |
44 Neutral | AU$15.63M | 6.25 | -20.47% | ― | -77.68% | -9.09% | |
38 Underperform | AU$9.35M | ― | -203.38% | ― | 20.00% | 17.22% | |
27 Underperform | AU$7.90M | ― | -122.51% | ― | ― | 26.32% |
Phoslock Environmental Technologies Limited Corporate Events
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.
Phoslock Environmental Technologies Limited has announced its 2024 Annual General Meeting, scheduled for May 22, 2025, at the Fullerton Hotel in Sydney. The meeting will cover key business items including the adoption of the remuneration report, the re-election of Mr. Fred Bart as a director, and other business matters. Shareholders are encouraged to participate either in person or by proxy to vote on the resolutions, which will be decided by a poll.
Phoslock Environmental Technologies Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s recommendations, highlighting their commitment to solid management foundations, accountability, and transparency. This announcement reinforces the company’s dedication to maintaining high governance standards, potentially strengthening stakeholder confidence and enhancing its industry positioning.
Phoslock Environmental Technologies Limited has released its audited financial statements for the period ending 28 March 2025, showing a reduction in net loss after tax by $462,000 compared to the preliminary figures. The adjustments in the financials reflect changes in inventory valuations, impairment calculations, and reclassification of liabilities, resulting in an increase in total equity by $401,000. These changes indicate a positive adjustment in the company’s financial position, potentially enhancing its market standing and providing reassurance to stakeholders.
Phoslock Environmental Technologies Limited has released its annual report for the year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial health and operations over the past year. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s performance and strategic direction.
Phoslock Environmental Technologies Limited reported a significant decline in financial performance for the half-year ended June 2024, with revenues dropping by 42.6% and a substantial decrease in underlying EBIT by 65%. Despite the reduced losses compared to the previous year, the company did not declare any dividends, highlighting ongoing financial challenges. The report also noted an ’emphasis of matter’ opinion from auditors regarding the company’s going concern status, indicating potential concerns about its financial stability.
Phoslock Environmental Technologies Limited is involved in ongoing legal proceedings in the Federal Court of Australia. Initially named as a respondent in preliminary discovery proceedings by Levitt Robinson, the company has seen these proceedings dismissed, with costs to be paid by the applicants. However, separate proceedings by the Banton Group continue, and PET is working with legal advisors to recover incurred costs. This development may impact the company’s financial obligations and legal strategy.