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Phoslock Environmental Technologies Limited (ASX:PET)

ALERT: Price-sensitive ASX Announcement for PET
Current share price for PET : $0.007 0.001 (16.67%)+
Announcement
Release
15 Jul 2026 9:45AM
Price at Release
$0.006
Full Release
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Summary
Phoslock Environmental Technologies Limited reported a cash position of $3.5 million as of 30 June 2026, reflecting a decrease of $787,000 from the previous quarter. The company experienced a cashflow deficit of $752,000 from operating activities, attributed to lower sales receipts and slightly reduced net operating outlays. Production increased significantly to 710 tonnes, and inventory levels rose to 1,696 tonnes in anticipation of higher demand. While addressing ongoing legal issues, Phoslock continues its R&D efforts, producing promising products with lanthanum content. The company has secured approval for wastewater discharge at its Changxing subsidiary, enabling increased production without substantial capital investment. No financing activities were conducted during the quarter, leaving available funding at $3.526 million.
Key Points
  • Cash position on 30 June was $3.5 million, down $787,000 during the quarter.
  • Cashflow deficit from operating activities was $752,000.
  • Sales receipts were significantly lower, while net operating outlays saw a smaller decrease.
  • Production totaled 710 tonnes, up from 356 tonnes in the previous quarter.
  • Product inventory increased to 1,696 tonnes.
  • Changxing subsidiary approved for wastewater discharge, allowing increased production.
  • R&D efforts in China continue, with promising lanthanum-based products in development.
  • No financing activities conducted during the quarter.
  • Available funding at quarter end was $3.526 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.