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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.070 0.012 (20.69%)+
Announcement
Release
30 Oct 2025 8:12AM
Price at Release
$0.058
Full Release
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Summary
Sprintex Limited has reported its quarterly activities and cash flow for the quarter ending 30 September 2025. The company has been actively engaging in various strategic partnerships and financial activities. It secured a significant private-label agreement with Guangdong Baode Technology Co. Ltd, marking its entry into the Chinese aquaculture market with a contract valued at A$9.4 million. Additionally, Sprintex raised A$1.5 million through equity placement to support ongoing projects, including collaborations with Mest Water in the EU. The company is also progressing in India with Euroteck Environmental Pvt Ltd, receiving purchase orders for its Jet Blowers. Financially, Sprintex reported a net cash increase of A$389,000, with the cash equivalents at the end of the period standing at A$535,000. The report highlights a robust pipeline and partnerships that are expected to drive future revenue growth.
Key Points
  • Sprintex signed a three-year private-label supply agreement with BD Compressor in China valued at A$9.4 million.
  • A$1.5 million raised from equity placement to advance projects with Mest Water and other stakeholders.
  • Significant growth in Indian market with new orders from Euroteck for high-efficiency blower technology.
  • Quarterly cash increase by A$389,000, ending period cash equivalents at A$535,000.
  • Integration and commissioning of control systems with Mest Water's ZLD-UP systems in the Netherlands.
  • India market expansion with a three-year distribution framework valued at US$4.56 million.
  • Successful equity raise included the issue of 30 million shares at A$0.05 each.
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.