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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.060 -0.016 (-21.05%)+
Announcement
Release
29 Apr 2026 6:02PM
Price at Release
$0.076
Full Release
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Summary
Sprintex Limited has reported on its cash flow and significant commercial activities for the quarter ending March 31, 2026. The company recorded net cash used in operating activities of A$1.65 million and final cash equivalents of A$390,000. Key developments include distribution agreements in South Korea and Bangladesh, and progress in UK water utility procurement. Delays were noted in the Mest Water program due to weather conditions, with rescheduled deliveries in June. Financial activities included a A$3.625 million equity raise. Strategic expansion into hydrogen fuel cell compressors in South Korea and a major Mest Water order support Sprintex's growth projections.
Key Points
  • Sprintex Limited reported net cash used in operating activities as A$1.65 million for the quarter and A$3.63 million for the year to date.
  • Net cash from financing activities was A$1.81 million for the quarter.
  • The company's cash and cash equivalents at the end of the quarter was A$390,000.
  • Significant commercial progress includes new distribution agreements in South Korea and Bangladesh, and advancements in UK water utility procurement.
  • Delay in Mest Water program delivery due to inclement weather, with first deliveries now expected in June 2026.
  • Sprintex completed a A$3.625 million equity raise in January 2026.
  • Exclusive distribution agreement in South Korea for hydrogen fuel cell compressors with ChoisTechnics Corp.
  • Sprintex has a strategic revenue stream across ten active geographies.
  • The company secured a purchase order with Mest Water valued at €15.6 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.