Phoslock Environmental Technologies Limited (ASX:PET)

Phoslock Environmental Technologies Limited reported a comprehensive loss for the year ending 31 December 2025. The company faced significant challenges with net losses attributable to the owners amounting to $3.253 million, compared to $2.277 million the previous year. The total revenue for 2025 was $3.095 million, notably higher than $757,000 in 2024, primarily due to increased sales in the US/Canada/Brazil region. Despite the revenue increase, the company faced high costs, including professional fees and administration expenses, and a loss before income tax of $3.253 million was recorded. The financial position showed total assets of $8.438 million and total liabilities of $1.619 million, leading to net assets of $6.819 million. Equity remained stable with issued capital at $92.398 million, but accumulated losses increased to $86.471 million. The directors' report highlighted the remuneration details for key management personnel and noted the absence of share-based compensations for the year. The company did not recognize deferred tax assets due to uncertainties in recovering the benefits.