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Phoslock’s Sales Slump Deepens Amid Rising Cashflow Deficit and Legal Headwinds
7:03pm on Monday 2nd of June, 2025 AEST
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Environmental Services
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Phoslock’s Sales Slump Deepens Amid Rising Cashflow Deficit and Legal Headwinds
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Cashflow deficit increased to $576,000 in December quarter
Sales plummeted to 32 tonnes, down sharply from 1,237 tonnes in 2023
Ongoing legal investigations and class actions driving significant legal costs
R&D resumed in China with promising new lanthanum modified bentonite products
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Phoslock Environmental Technologies (ASX:PET)
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