Board Change • May 20
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Justin Mouchacca is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • May 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$60.3m market cap, or US$43.7m). Board Change • May 01
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Justin Mouchacca is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Jan 12
Environmental Clean Technologies Limited Appoints Hirokazu Minami to Advisory Board Environmental Clean Technologies Limited announced the appointment of Mr. Hirokazu Minami to its Advisory Board. Mr. Minami is a highly respected leader in Japan’s energy and industrial sectors. His career has been defined by successfully introducing advanced technologies to the Japanese market and scaling complex industrial businesses. Mr. Minami brings over a decade of executive leadership roles across Japan’s heavy industry, chemicals, energy, aerospace, and defence sectors. He has served as a Representative Director across nine companies within the Mainami Group and is the Group’s largest shareholder, primarily operating in aviation fuel and petroleum-related businesses. The Group’s Aviation Division provides airplane refuelling services at 11 airports across Japan, including Narita, Haneda, Chubu Centrair, Itami, Kansai, and Fukuoka as well as fuel storage services at Fukuoka and Itami with their cutting-edge fuel hydrant system. Its clients include major Japanese carriers such as Japan Airlines and All Nippon Airways, as well as international airlines, and employs in excess of 500 employees with a fleet of 150 trucks. The Fuel Logistics Division operates under contracts with major petroleum suppliers. Through Fukuoka Fuel Logistics and Osaka Fuel Logistics, the Group ensures deliveries of fuel from refineries to airports storage facilities across Kyushu (Fukuoka, Kita-Kyushu, Miyazaki, Kumamoto, Kagoshima) and the Kansai region (Osaka, Nagoya, Hiroshima). Mr. Minami’s experience also includes establishing and serving as Representative Director of the Japanese subsidiary of an overseas counter-drone systems manufacturer, where he led market entry, regulatory engagement, and local business development focusing largely on the defence sector, power plants, and airports. In addition, Mr. Minami has held senior business development roles with multiple international technology startups, leveraging his deep industry relationships to support strategic expansion into Japan and to secure long-term commercial partnerships. Annuncio • Jan 09
Environmental Clean Technologies Limited Announces Change of Company Secretary Environmental Clean Technologies Limited announced that Non-executive Director, Mr. Justin Mouchacca has been appointed as Company Secretary. Justin is a Chartered Accountant, Fellow of the Governance Institute and holds a Bachelor of Business majoring in accounting. He is currently the principal of a chartered accounting firm, which provides outsourced company secretarial and accounting services to public and private companies specialising in the resources, technology, bioscience and biotechnology sectors. Justin has 18 years' experience in the accounting profession and has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, implementation of corporate governance, statutory financial reporting, reorganisation of companies and shareholder relations. Mr. Mouchacca will be the person responsible for communications with the ASX in relation to Listing Rule matters under Listing Rule 12.6. The Company announced that Ms. Nova Taylor has tendered her resignation as company secretary. Board Change • Dec 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Michael Van Den Elsen is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Oct 06
Environmental Clean Technologies Limited, Annual General Meeting, Nov 24, 2025 Environmental Clean Technologies Limited, Annual General Meeting, Nov 24, 2025. Annuncio • Sep 25
Environmental Clean Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Environmental Clean Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,333,333
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,666,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.0m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m (AU$690k revenue, or US$451k). Minor Risk Market cap is less than US$100m (AU$15.5m market cap, or US$10.2m). Board Change • Aug 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Michael Van Den Elsen is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annuncio • May 23
Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million. Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 475,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 275,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Sam Rizzo was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Aug 30
Environmental Clean Technologies Limited, Annual General Meeting, Oct 21, 2024 Environmental Clean Technologies Limited, Annual General Meeting, Oct 21, 2024. Annuncio • Mar 28
Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.00025
Transaction Features: Subsequent Direct Listing New Risk • Feb 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m (AU$292k revenue, or US$190k). Market cap is less than US$10m (AU$9.95m market cap, or US$6.46m). New Risk • Feb 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$17.2m market cap, or US$11.2m). Annuncio • Dec 08
Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Environmental Clean Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 349,126,363
Price\Range: AUD 0.0055
Discount Per Security: AUD 0.00033
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,510,000
Price\Range: AUD 0.0055
Discount Per Security: AUD 0.00033
Transaction Features: Subsequent Direct Listing Annuncio • Oct 02
Environmental Clean Technologies Limited, Annual General Meeting, Nov 27, 2023 Environmental Clean Technologies Limited, Annual General Meeting, Nov 27, 2023. New Risk • Aug 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Revenue is less than US$1m (AU$5.7k revenue, or US$3.6k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$5.0m). Market cap is less than US$100m (AU$17.0m market cap, or US$10.9m). New Risk • Aug 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$9.05m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m (AU$5.7k revenue, or US$3.6k). Market cap is less than US$10m (AU$14.1m market cap, or US$9.05m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$5.0m). Shareholders have been diluted in the past year (48% increase in shares outstanding). Annuncio • Aug 01
Environmental Clean Technologies Limited Announces Resignation of Arron Canicais, Company Secretary Environmental Clean Technologies Limited advised that Mr. Arron Canicais has resigned as Company Secretary effective 31 July 2023. New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (AU$5.7k revenue, or US$3.8k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$5.0m). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (AU$16.5m market cap, or US$10.9m). Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Tim Wise was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Tim Wise was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in FY 2020) Full year 2021 results: Net loss: AU$1.87m (loss narrowed 9.6% from FY 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Executive Departure • Sep 04
Non-Executive Director Neil O’Keefe has left the company On the 2nd of September, Neil O’Keefe's tenure as Non-Executive Director ended after less than a year in the role. As of June 2021, Neil still personally held only 2.59m shares (AU$39k worth at the time). Neil is the only executive to leave the company over the last 12 months. Reported Earnings • Oct 04
Full year earnings released - AU$0.00047 loss per share Over the last 12 months the company has reported total losses of AU$2.07m, with losses narrowing by 77% from the prior year.