Phoslock Environmental Technologies Limited (AU:PET)
ASX:PET
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Phoslock Environmental Technologies Limited
(Sydney:PET)
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Rating:42Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:03/02/26
The score is driven primarily by weak financial performance—ongoing losses, continued cash burn, and declining equity—partly offset by a low-debt balance sheet and a sharp 2025 revenue rebound. Technicals remain bearish (price below key moving averages and negative MACD), while valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Low leverage / conservative balance sheet
The company’s very low debt relative to equity provides structural financial flexibility. With limited interest burdens, PET can prioritize project delivery, fund targeted growth or R&D from balance-sheet capacity, and better withstand revenue volatility while seeking to reach profitability.
Negative Factors
Persistent negative cash flow
Consistent cash burn prevents the business from self-funding operations and capital needs. Over months this forces reliance on external financing or asset sales, constrains investment in scaling or R&D, and increases execution risk if capital markets tighten or project timings slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
The company’s very low debt relative to equity provides structural financial flexibility. With limited interest burdens, PET can prioritize project delivery, fund targeted growth or R&D from balance-sheet capacity, and better withstand revenue volatility while seeking to reach profitability.
Read all positive factors
Phoslock Environmental Technologies Limited (PET) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.00M
Dividend YieldN/A
Average Volume (3M)1.26M
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth308.85%
EPS Growth-44.44%
CountryAU
Employees40
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding624,390,500
10 Day Avg. Volume3,777,521
30 Day Avg. Volume1,259,173
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)1.28
Price to Sales (P/S)2.82
P/FCF Ratio-4.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Phoslock Environmental Technologies Limited Business Overview & Revenue Model
Company Description
Phoslock Environmental Technologies Limited engages in the design, engineering, and project implementation solutions for water related projects and water treatment products. It offers Phoslock, a formulation of bentonite lanthanum that removes exc...
How the Company Makes Money
PET primarily makes money from selling its phosphorus-binding water treatment product(s) (including Phoslock) for use in water quality remediation projects. Revenue is typically generated when government agencies, water utilities, lake and catchme...
Phoslock Environmental Technologies Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.10M | 757.00K | 3.39M | 3.02M | 6.30M |
| Gross Profit | 1.19M | 51.00K | 1.82M | 696.00K | 3.59M |
| EBITDA | -2.97M | -2.53M | -2.27M | -10.69M | -3.73M |
| Net Income | -3.25M | -2.28M | -2.06M | -11.21M | -3.94M |
Balance Sheet | |||||
| Total Assets | 8.44M | 10.76M | 14.44M | 18.12M | 30.41M |
| Cash, Cash Equivalents and Short-Term Investments | 5.30M | 7.96M | 10.72M | 14.58M | 23.12M |
| Total Debt | 903.00K | 367.00K | 342.00K | 955.00K | 1.29M |
| Total Liabilities | 1.62M | 1.15M | 2.21M | 3.48M | 4.60M |
| Stockholders Equity | 6.82M | 9.61M | 12.24M | 14.64M | 25.82M |
Cash Flow | |||||
| Free Cash Flow | -1.88M | -2.88M | -3.16M | -7.70M | -7.07M |
| Operating Cash Flow | -1.81M | -2.85M | -2.62M | -7.07M | -6.93M |
| Investing Cash Flow | -120.00K | -49.00K | -533.00K | -628.00K | -141.00K |
| Financing Cash Flow | -436.00K | -355.00K | -561.00K | -687.00K | -480.00K |
Phoslock Environmental Technologies Limited Peers Comparison
UnderperformOutperform
Sector (63)
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$179.42M | 20.95 | 5.98% | 2.95% | -2.87% | -18.36% | |
51 Neutral | AU$37.67M | 12.43 | 6.56% | ― | 9.57% | -21.00% | |
48 Neutral | AU$21.58M | -10.36 | -15.66% | ― | 20.05% | 33.33% | |
44 Neutral | AU$100.70M | -6.22 | 138.60% | ― | 64.76% | 61.79% | |
42 Neutral | AU$5.00M | -1.54 | -41.16% | ― | 308.85% | -44.44% | |
41 Neutral | AU$9.62M | -2.07 | 92.42% | ― | -10.44% | -58.40% |
* Industrials Sector Average
AU:PET
Phoslock Environmental Technologies Limited
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-60.00%
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Phoslock Environmental Technologies Limited Corporate Events
Phoslock Wins Strong Shareholder Backing at AGM, Gains Extra Capital Raising Capacity
May 27, 2026
Phoslock Environmental Technologies reported that all resolutions at its Annual General Meeting on 27 May 2026 were passed by poll, including the adoption of the remuneration report with more than 75% support from voting shareholders. Investors al...
Phoslock Sales Rebound as China Production Restarts Amid Ongoing Legal Uncertainty
May 26, 2026
Phoslock Environmental Technologies reported that 2025 sales rebounded strongly from the depressed levels of 2024, returning to more normal volumes amid a generally positive backdrop for the water treatment sector. The company is targeting further...
Phoslock Narrows Cash Outflows as Production Ramps Up Despite Legal Overhang
Apr 23, 2026
Phoslock Environmental Technologies reported a cash balance of $4.3 million at 31 March 2026, with a quarterly net cash outflow of $792,000 and an operating cash deficit of $776,000, an improvement on the prior corresponding period. Sales receipts...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.