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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.070 0.002 (2.94%)+
Announcement
Release
25 Feb 2026 7:40PM
Price at Release
$0.068
Full Release
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Summary
Sprintex Limited's Interim Financial Report for the six months ending 31 December 2025 outlines a 162% revenue increase to AUD 2.7 million compared to the previous year but reports a loss of AUD 1.7 million. The company, focusing on clean air compressors particularly for industrial and hydrogen applications, made significant strides in their European collaboration and Indian market expansion. Despite these advancements, there is concern about their ability to continue as a going concern, underscored by a recent $3.625 million capital placement used to settle debts and support growth. Directors did not declare dividends, reflecting a strategic focus on capital retention and growth.
Key Points
  • Sprintex Limited is focused on manufacturing and distributing clean air compressors, especially for industrial air and hydrogen fuel cell applications.
  • In the six months ending 31 December 2025, Sprintex achieved a 162% increase in revenue from the previous period.
  • Despite increased revenues, the company reported a loss of AUD 1,726,740.
  • Sprintex's major activities include their collaboration with Mest Water, involving a significant purchase order for 500 high-speed MVR compressor systems.
  • The company has secured a distribution agreement in India, expanding its market presence in municipal, industrial, and pharmaceutical wastewater sectors.
  • No dividends were declared or paid during the reporting period.
  • The company faces a material uncertainty regarding its ability to continue as a going concern, with plans to generate future cash flows through ongoing and new distribution contracts.
  • Sprintex completed a $3.625 million placement to repay existing loans and support production scaling.
  • The document includes the directors and their responsibilities, financial statements, and notes for the interim period.
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.