Quarterly Snapshot Phoslock Environmental Technologies PET June2025

Phoslock Environmental Technologies (ASX: PET), a specialist in water remediation, reported a AU$474,000 operating cash deficit in Q2 2025—improving from the prior quarter’s AU$963,000 deficit. Sales receipts totaled AU$823,000, led by Brazil (38%), USA (35%), and Europe (25%). Despite reduced sales volumes (197t vs. 382t in Q1), the June half-year reached 579t. Europe remains a strategic market, with expanding wastewater treatment applications. Inventory stood at 1,806t, with nearly half located in China. The Changxing facility refurbishment is on track for completion by August, but production resumption is likely in Q1 2026. R&D in China shows promise, with new formulations under testing. However, the company faces uncertainty from US tariffs on Chinese imports, which temporarily dropped to 35% but may rise post-August. Legal challenges and the ASX trading suspension persist. PET’s cash balance remains healthy at AU$6.2 million, equating to 13 quarters of estimated operational funding

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