Latest Environmental Services News

The Environmental Group Limited (ASX:EGL) posted flat revenue of $112 million for FY26 but saw a sharp 44.7% fall in EBITDA and a $6 million net loss, weighed down by operational disruptions, a major ERP system implementation, and a $3 million goodwill impairment.

WasteCo has issued $700,000 in unsecured convertible notes at 8% interest, set to mandatorily convert upon an expected equity raise within three months. The company also amended $2 million of existing notes, lowering the conversion price and extending maturity.

Cleanaway has received a $3.13 per share non-binding acquisition proposal from EQT Infrastructure, representing a 32% premium. The board has granted exclusive due diligence and signalled its intention to recommend the deal, subject to conditions and no superior offer emerging.

WasteCo appoints Brian Cohalan as CEO effective August 31, replacing interim Roger Gower, alongside new regional managers and a COO resignation, signaling a strategic leadership reset.

Cleanaway Waste Management appoints Nigel Simonsz as new CFO following Paul Binfield’s departure, while confirming FY26 underlying EBIT at around $470 million, mid-point of prior guidance.

Phoslock Environmental Technologies increased production significantly in the June quarter but faced a higher operating cash flow deficit and ongoing legal disputes.

WasteCo Group’s Chair Roger Gower will resign in July 2026, with Sean Joyce stepping up as Chair amid ongoing CEO recruitment and operational upgrades.

NoviqTech has agreed to sell its Carbon Central and Fuel Central assets for AUD 1 million, freeing up resources to expand its biochar carbon dioxide removal projects through Coralia.

Environmental Clean Technologies (ASX: ECT) has completed a pilot Rapid Electrothermal Mineralisation system that delivers 18 times the power of its lab prototype, enabling additive-free, in-situ PFAS destruction and targeting a field demonstration in H2 2026.

WasteCo Group has inked a $10 million funding deal with PFNZ Limited, enhancing its working capital and financial flexibility to support operational improvements and future expansion.

NoviqTech's Coralia has kicked off a comprehensive trial converting invasive Chinese Apple trees into biochar at its Great Barrier Reef project, aiming to validate carbon removal methods and support institutional partnerships.

Phoslock Environmental Technologies reported a sales recovery in 2025 with further growth expected, backed by resumed production in China and promising European projects, while ongoing litigation clouds the outlook.