Duyuru • May 15
Phoslock Environmental Technologies Limited, Annual General Meeting, May 27, 2026 Phoslock Environmental Technologies Limited, Annual General Meeting, May 27, 2026. Location: meeting room iv, the fullerton hotel, 1 martin place, sydney nsw 2000 Australia Reported Earnings • Mar 02
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.004 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (further deteriorated from AU$0.004 loss in FY 2024). Revenue: AU$3.10m (up 309% from FY 2024). Net loss: AU$3.25m (loss widened 43% from FY 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. New Risk • Dec 03
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 81% 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 Risk Share price has been highly volatile over the past 3 months (81% average weekly change). Minor Risks Revenue is less than US$5m (AU$1.6m revenue, or US$1.1m). Market cap is less than US$100m (AU$16.2m market cap, or US$10.7m). Board Change • Oct 31
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD, CEO & Executive Director Graeme Newing is the most experienced director on the board, commencing their role in 2024. Company Secretary & Independent Director Shawn Van Boheemen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Apr 17
Phoslock Environmental Technologies Limited, Annual General Meeting, May 22, 2025 Phoslock Environmental Technologies Limited, Annual General Meeting, May 22, 2025. Location: at meeting room iv, the fullerton hotel, 1 martin place, sydney nsw 2000 Australia Duyuru • Nov 18
Phoslock Environmental Technologies Limited, Annual General Meeting, Dec 20, 2024 Phoslock Environmental Technologies Limited, Annual General Meeting, Dec 20, 2024. Location: executive heritage boardroom, fullerton hotel, 1 martin place, sydney nsw 2000 Australia Duyuru • Jan 25
Phoslock Environmental Technologies Limited Announces Company Secretary Changes Phoslock Environmental Technologies Limited announced the appointment of Mr. Shawn van Boheemen as Company Secretary effective from 24 January 2024. The appointment follows the resignation of Mr. Matthew Parker as Company Secretary, effective 24 January 2024. Duyuru • Jan 19
Phoslock Environmental Technologies Limited Announces Directorate Changes Phoslock Environmental Technologies announced the following. As advised and executed at the Extraordinary General Meeting, held on 18 January 2024, PET advised shareholders that David Krasnostein, Brenda Shanahan, Robert Prosser and Lachlan McKinnon have resigned as directors of PET effective 18 January 2024 PET also announced the appointment of Fred Bart (Chairman), Shawn Pieter Van Boheemen and Graeme Newing as directors of PET. Duyuru • Nov 02
Phoslock Environmental Technologies to Seek De-Listing from the ASX Phoslock Environmental Technologies Limited (ASX:PET) (the ‘Company’) announced that Directors have resolved to proceed with a proposed asset sale and to seek a de-listing from the ASX and a winding-up of the Company. The resolution follows a comprehensive but ultimately unsuccessful process to identify options to secure the necessary capital to continue the operations of the Company. Consistent with these decisions, the Company will take steps to reduce costs and wind down operations. Given the lack of consistent sales by the business from its inception and the ongoing investment necessary to support product development and market expansion, a significant capital injection was required to support the ongoing long term operations of the business, at a level that could achieve sustainable business profitability. As announced on 28 April 2023 (‘Strategic Review’), Resolute Advisory Pty Ltd. (Resolute), a leading independent corporate advisory firm, was engaged to undertake a strategic review of the business. Resolute sought potential investors and industry players that may be interested in contributing capital support or partnering with PET. Interest from those third parties has been negatively impacted by ongoing regulatory and potential legal actions relating to PET’s legacy issues and past management. PET has, however, remained focused at all times on exploring all potential strategic pathways to maximise shareholder value. PET is currently negotiating with a third party regarding a potential divestment of PET’s key assets in exchange for cash. While these negotiations are incomplete and there can be no guarantee that a transaction will be consummated, should the parties agree on terms, completion will be contingent on shareholder approval and other conditions precedent. In that event, further information will be provided to all PET shareholders, including a notice of meeting with resolutions to consider the proposed transaction. PET will continue to monitor and satisfy the Company’s liabilities including costs associated with the necessary administration steps leading to a wind-up of the Company. Depending on the quantum of proceeds and the extent of liabilities/costs, there may be a return of capital to PET shareholders. The winding-up process will include consultation with the relevant regulatory authorities and other stakeholders. The proposed de-listing, and business wind down will help to reduce administration costs pending the winding-up of the Company. Duyuru • Nov 01
Phoslock Environmental Technologies Limited Announces CEO Changes Phoslock Environmental Technologies advises that it has terminated the employment of Lachlan McKinnon as Chief Executive Officer. He will continue to work for PET until their notice periods of 12 months lapse or until otherwise advised. Lachlan McKinnon will continue to be a director. New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (AU$7.49m market cap, or US$5.01m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (AU$3.0m revenue, or US$2.0m). Reported Earnings • Mar 06
Full year 2022 earnings released: AU$0.018 loss per share (vs AU$0.006 loss in FY 2021) Full year 2022 results: AU$0.018 loss per share (further deteriorated from AU$0.006 loss in FY 2021). Revenue: AU$3.02m (down 52% from FY 2021). Net loss: AU$11.2m (loss widened 185% from FY 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Brenda Shanahan is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 01
MD, CEO & Director recently bought AU$50k worth of stock On the 30th of September, Lachlan McKinnon bought around 825k shares on-market at roughly AU$0.061 per share. This transaction increased Lachlan's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lachlan's only on-market trade for the last 12 months. Board Change • Sep 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Brenda Shanahan is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 