Sprintex Limited has secured its largest-ever €15.6 million purchase order with Mest Water, marking a pivotal shift from technology validation to commercial deployment. Supported by favourable European regulations and expanding markets in India, the company is poised for sustained revenue growth.
- €15.6 million purchase order with Mest Water for 500 integrated compressor and control systems
- 17-month delivery schedule starting March 2026, scaling from 20 to 40 systems monthly
- EU’s RENURE regulatory approval boosts market potential for zero-liquid-discharge solutions
- Strong growth momentum in India via exclusive distributor Euroteck with US$321k in new orders
- Post-quarter A$3.625 million capital raise strengthens balance sheet and repays legacy debt
A Defining Quarter for Sprintex
Sprintex Limited has announced a landmark €15.6 million (A$27.4 million) binding purchase order with Netherlands-based MW Techniek Systems B.V., trading as Mest Water. This contract for 500 high-speed mechanical vapour recompression (MVR) compressor systems and integrated programmable logic controller (PLC) control systems marks Sprintex’s transition from a technology validation phase into a sustained commercial deployment period. Deliveries are set to commence in March 2026, with a staged rollout extending through to July 2027.
Executive Chairman Steven Apedaile described the quarter as “defining,” highlighting the successful commissioning and validation of Sprintex’s integrated systems alongside Mest Water. This milestone removes a significant execution hurdle, allowing the company to focus on scaling production and meeting delivery targets. The order represents Sprintex’s largest commercial agreement to date and establishes a clear revenue pathway over the next two financial years.
Regulatory Tailwinds and Market Expansion
Sprintex’s commercial momentum is further buoyed by the European Union’s approval of the RENURE framework, which enables recovered nitrogen from manure to substitute synthetic fertilisers under EU nitrates regulations. This regulatory endorsement materially strengthens the economic case for Sprintex’s zero-liquid-discharge (ZLD-UP®) systems, which are designed to process slurry waste from intensive livestock operations.
Mest Water has reported strong market interest following RENURE’s approval, with plans to expand production capacity to meet anticipated demand. The Netherlands serves as the initial deployment market, but tightening ammonia and nitrogen emission limits across major EU livestock jurisdictions such as Germany, Denmark, France, Ireland, and Spain suggest a broader addressable market.
Complementing its European strategy, Sprintex is also making significant inroads in India through its exclusive distributor Euroteck Environmental Pvt Ltd. The company secured US$321,000 (A$489,000) in new purchase orders during the quarter, including successful commissioning of seven GR90 Jet Blowers at one of India’s largest wastewater treatment plants, the Delhi Jal Board’s Kondli facility. The launch of the GR Series Jet Blowers, offering higher energy efficiency and maintenance-free operation, expands Sprintex’s addressable market in municipal tenders valued up to US$500,000.
Strengthened Financial Position and Production Scale-Up
Post-quarter, Sprintex completed a A$3.625 million capital raising through early option exercises and a placement led by Hong Kong-based MWP Partners Limited alongside existing strategic shareholders. The proceeds were used to extinguish legacy debt facilities and improve the company’s capital structure, providing greater financial flexibility to support the Mest Water delivery ramp-up and pursue additional commercial opportunities.
Sprintex’s Malaysian subsidiary also achieved a key milestone with the granting of a manufacturing licence from Malaysia’s Ministry of Investment, Trade and Industry. This licence enables local production of the G-Series high-speed electric blowers, enhancing manufacturing capacity and offering logistical advantages for global markets.
With a defined multi-year delivery program, improved revenue visibility, and multiple growth levers across Europe and India, Sprintex is positioned to transition into a phase of sustained earnings growth and long-term shareholder value creation.
Bottom Line?
Sprintex’s €15.6 million Mest Water contract and strengthened balance sheet set the stage for a transformative growth trajectory in 2026 and beyond.
Questions in the middle?
- How smoothly will Sprintex manage the production ramp-up to meet Mest Water’s delivery schedule?
- What is the potential scale of follow-on orders across Europe as RENURE-driven regulatory pressures intensify?
- How will Sprintex balance growth between its European deployments and expanding Indian market opportunities?