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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.061 -0.008 (-11.59%)+
Announcement
Release
30 Jul 2026 8:20AM
Price at Release
$0.069
Full Release
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Summary
Sprintex Limited's quarterly report for the period ending 30 June 2026 highlights several key financial activities and strategic developments. The company reported a net cash outflow from operating activities of A$833,000, largely due to expenses in product manufacturing, staff costs, and administration. From financing activities, Sprintex raised A$1,027,000, including proceeds from equity securities and convertible notes. The company also secured new and upgraded purchase orders, notably with Mest Water, totaling €25.71 million (A$41.94 million), indicating a strong future revenue stream. Strategic partnerships were expanded with distribution agreements in Taiwan and Saudi Arabia, and trials for fuel cell compressors for data centers are ongoing. Key financial movements include convertible notes and loans, while regulatory approvals in the EU support their manure processing systems. The report underscores a significant increase in contracted orders but notes that revenue recognition will depend on ongoing validation and delivery efforts.
Key Points
  • Net cash outflow from operating activities: A$833,000.
  • Total financing raised: A$1,027,000 through equity and convertible notes.
  • Major purchase orders with Mest Water worth €25.71m (A$41.94m).
  • Expanded distribution agreements in Taiwan and Saudi Arabia.
  • Trials for fuel cell compressors targeting data center applications.
  • Convertible notes and loans detailed, supporting financial structure.
  • Regulatory approvals in the EU bolster manure processing systems.
  • Emphasis on future execution for revenue recognition from increased order book.
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.