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
▲(10.00% Upside)
Action:ReiteratedDate: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 balance sheet
The company’s minimal debt load gives it structural financial flexibility: lower interest burden and capacity to fund project delivery or pursue opportunistic investments without immediate refinancing pressure. This supports resilience through project seasonality and funding rounds over the medium term.
Negative Factors
Persistent negative cash flow
Chronic cash burn constrains the firm’s ability to self-fund operations and scale. Dependence on external capital raises risk dilution and limits investment in sales and R&D. Over the medium term, sustained negative cash flow impairs strategic flexibility and heightens refinancing vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
The company’s minimal debt load gives it structural financial flexibility: lower interest burden and capacity to fund project delivery or pursue opportunistic investments without immediate refinancing pressure. This supports resilience through project seasonality and funding rounds over the medium term.
Read all positive factors
Phoslock Environmental Technologies Limited (PET) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.87M
Dividend YieldN/A
Average Volume (3M)1.26M
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue Growth-45.80%
EPS Growth-210.00%
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 by selling and delivering water remediation solutions centered on its Phoslock® products and associated application services. Key revenue streams generally include: (1) product sales (supply of Phoslock® material for use ...
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% | |
54 Neutral | AU$78.00M | -82.07 | 10.86% | ― | 13.51% | 5.08% | |
48 Neutral | AU$31.03M | -16.21 | -15.66% | ― | 11.53% | 46.15% | |
42 Neutral | AU$6.87M | -2.69 | -41.16% | ― | -45.80% | -210.00% | |
42 Neutral | AU$39.53M | -7.05 | -38.77% | ― | ― | 15.66% | |
41 Neutral | AU$11.10M | -1.32 | 92.42% | ― | -0.52% | -38.84% |
* Industrials Sector Average
AU:PET
Phoslock Environmental Technologies Limited
0.01
-0.01
-56.00%
AU:EGL
Environmental Group Limited
0.21
-0.03
-11.64%
AU:AEI
Aeris Environmental Ltd
0.05
>-0.01
-13.46%
AU:ECT
Environmental Clean Technologies Limited
0.10
0.05
90.00%
AU:DEM
De.mem Ltd.
0.10
-0.02
-20.83%
Phoslock Environmental Technologies Limited Corporate Events
Phoslock Files Updated Corporate Governance Statement with ASX
Feb 27, 2026
Phoslock Environmental Technologies has lodged its latest corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 31 December 2025. The statement, current as of 27 February 2026 and approved by the boa...
Phoslock lifts revenue and narrows underlying loss but net loss widens in 2025
Feb 27, 2026
Phoslock Environmental Technologies Limited reported a sharp rebound in revenue for the year to 31 December 2025, with income from ordinary activities rising 308.9% to $3.1 million, while its underlying EBIT loss narrowed to $2.8 million. However,...
Phoslock Corrects Cash Reporting, Posts Stronger Quarter as Sales and Production Rebound
Jan 19, 2026
Phoslock Environmental Technologies has corrected an error in its December 2025 quarterly Appendix 4C, revising the previously reported 40 quarters of funding availability to N/A due to a positive cash inflow, and has formally redacted a prior out...
Phoslock Swings to Operating Cash Surplus as Sales Volumes Surge in 2025
Jan 18, 2026
Phoslock Environmental Technologies reported a solid improvement in its financial performance for the December 2025 quarter, with a cash position of $5.2 million and a cashflow surplus from operating activities of about $128,000, reversing prior q...
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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