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Environmental Clean Technologies Limited (ECT) AI Stock Analysis

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AU:ECT

Environmental Clean Technologies Limited

(ASX:ECT)

Select Model
Rating:38Underperform
Price Target:AUD 0.08â–¼(-9.41% Downside)
Action:downgraded
Date:10/16/26

The score is constrained primarily by persistent losses and negative cash flow, despite improved solvency from zero debt and higher equity. Bearish technical momentum and an unhelpful negative P/E further limit the score.

Positive Factors
Debt ReductionThe elimination of total debt improves financial flexibility by reducing refinancing exposure and interest-related pressure. This gives ECT a stronger capital structure than in prior leveraged periods, although the benefit will matter most if the company can convert its technology into sustainable operating cash flow.
Negative Factors
Minimal Revenue ScaleVery limited revenue indicates that ECT has not yet established meaningful commercial scale. This constrains internal funding for technology development, makes results dependent on external financing or asset resources, and leaves the business without a demonstrated recurring revenue base over the next several quarters.

Environmental Clean Technologies Limited (ECT) vs. iShares MSCI Australia ETF (EWA)

-40%-20%0%20%40%60%AU:ECT-29.17%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 20.34M
Dividend Yield
―
Average Volume (3M)
812.04K
Price to Earnings (P/E)
-5.7
Beta (1Y)
1.64
Revenue Growth
―
EPS Growth
29.52%
Country
Australia
Employees
53
Sector
Industrials
Sector Strength
63
Industry
Industrial - Pollution & Treatment Controls

Environmental Clean Technologies Limited Business Overview & Revenue Model

Company Description

Environmental Clean Technologies Ltd. (ECT) specializes in the innovation, development, and market introduction of cutting-edge technologies tailored for Australia's energy and natural resource industries. Its portfolio features COLDry, an advanced m...

Environmental Clean Technologies Limited Financial Statement Overview

Summary

Persistent net losses, no revenue in most years, and consistently negative operating and free cash flow are major weaknesses. A debt-free balance sheet and sharply higher equity improve solvency, but do not offset poor profitability and cash generation.

Income Statement

14Very Negative

Balance Sheet

58Neutral

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue00000257.60K
Gross Profit-1.16M-1.16M-1.14M-1.38M-1.06M-1.36M
EBITDA-4.49M-4.49M-1.83M-2.95M-4.00M-4.22M
Net Income-5.65M-5.65M-3.52M-3.71M-4.42M-5.18M
Balance Sheet
Total Assets20.89M20.89M3.26M5.95M8.18M11.96M
Cash, Cash Equivalents and Short-Term Investments1.69M1.69M478.64K762.17K1.29M4.40M
Total Debt001.24M1.27M2.38M2.52M
Total Liabilities1.55M1.55M2.40M2.53M4.75M4.91M
Stockholders Equity19.34M19.34M860.12K3.42M3.43M7.05M
Cash Flow
Free Cash Flow-946.60K-2.21M-1.02M-2.90M-3.00M-5.58M
Operating Cash Flow-2.21M-2.21M-1.02M-2.71M-1.60M-2.35M
Investing Cash Flow381.60K381.60K-40.00K-184.02K-1.37M-3.13M
Financing Cash Flow3.04M3.04M780.96K2.37M-154.41K8.87M

Environmental Clean Technologies Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.09

Price Trends

50DMA0.11Negative
100DMA0.11Negative
200DMA0.12Negative

Market Momentum

MACD-0.01Positive
RSI37.04Neutral
STOCH45.10Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ECT, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.11, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.04 is Neutral, neither overbought nor oversold. The STOCH value of 45.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ECT.

Environmental Clean Technologies Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

AU:ECT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
AU:DEMAU:DEM56NeutralAUD 36.00M-32.35-7.59%―23.31%50.00%
AU:CLGAU:CLG48NeutralAUD 23.17M-0.19-175.71%―-35.63%-374.34%
AU:FLCAU:FLC47NeutralAUD 63.01M-6.6789.35%―28.88%69.06%
AU:PETAU:PET45NeutralAUD 5.00M-1.63-48.20%―308.85%-44.44%
AU:EGLAU:EGL44NeutralAUD 28.73M-4.97-14.21%―-0.09%-228.23%
AU:ECTAU:ECT38UnderperformAUD 38.13M-5.74-27.29%――29.52%

* Industrials Sector Average

Performance Comparison

-50%0%50%AU:ECTAU:FLCAU:PETAU:EGLAU:CLGAU:DEMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:ECT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:ECTEnvironmental Clean Technologies Limited0.09-0.03-29.17%
AU:FLCFluence Corporation Limited0.06-0.05-47.62%
AU:PETPhoslock Environmental Technologies Limited0.01-0.02-66.67%
AU:EGLEnvironmental Group Limited0.07-0.16-68.09%
AU:CLGClose the Loop Ltd.0.04-0.00-2.50%
AU:DEMDe.mem Ltd.0.110.000.00%

Environmental Clean Technologies Limited Corporate Events

Environmental Clean Technologies Sets Date and Director Nomination Deadline for 2026 AGM

Oct 12, 2026

Environmental Clean Technologies Limited has scheduled its Annual General Meeting for 30 November 2026 in Melbourne, marking a key governance milestone for the ASX-listed clean technology company. The timetable confirms that shareholders and stakehol...

ECT advances MXene scale-up with successful Flash Joule Heating trials

Oct 8, 2026

Environmental Clean Technologies’ acquisition target Xenica has successfully produced MXene in initial scale-up runs using Metallium’s Flash Joule Heating reactor platform, confirming the formation of chlorine-terminated MXene through int...

ECT Details MXene Commercialisation Strategy and Xenica Acquisition Risks

Oct 7, 2026

Environmental Clean Technologies has outlined its strategy to commercialise U.S.-developed MXenes and Flash Joule Heating technology, with a focus on defence and advanced materials applications. The company is pursuing the acquisition of Xenica Mater...

Environmental Clean Technologies Announces Director Departure and Discloses Option Holdings

Oct 7, 2026

Environmental Clean Technologies Limited has reported that director Justin Mouchacca ceased to be a member of the board on 6 October 2026. The notice, lodged under ASX listing rules, confirms he held no shares directly but had exposure through 1,000,...

ECT appoints Lewis Utting as non-executive director with performance-based equity package

Oct 7, 2026

Environmental Clean Technologies Limited has appointed Lewis Edward Utting as a non-executive director, marking a further development in the company’s board composition and governance. The appointment underscores the firm’s strategy of al...

Environmental Clean Technologies Adds Director Elections to October EGM Agenda

Oct 6, 2026

Environmental Clean Technologies Limited has issued an addendum to its earlier notice for an extraordinary general meeting scheduled for 22 October 2026 in Melbourne. The company confirmed there are no changes to the meeting’s date, time or ven...

ECT bolsters board with strategic appointments as it advances MXene and PFAS platforms

Oct 6, 2026

Environmental Clean Technologies has strengthened its board by appointing industry veterans Lewis Utting and Jon Gourlay as non-executive directors, expanding its commercial, technical and financial expertise. Utting, with a background at BASF, SciDe...

Environmental Clean Technologies sets October date for 2026 extraordinary meeting and streamlines proxy voting

Sep 14, 2026

Environmental Clean Technologies Limited has scheduled its 2026 Extraordinary General Meeting for 22 October 2026 in Melbourne, advising shareholders that notices will be provided electronically unless a physical copy has been specifically requested...

Environmental Clean Technologies Calls Extraordinary General Meeting for October 2026

Sep 14, 2026

Environmental Clean Technologies Limited has called an extraordinary general meeting of shareholders to be held on 22 October 2026 in Melbourne, with the session scheduled to begin at 10.00am AEDT. The company is encouraging shareholders to lodge dir...

ECT Secures OTCQB Listing to Deepen U.S. Push for PFAS and MXenes Technologies

Sep 10, 2026

Environmental Clean Technologies Limited has begun trading its ordinary shares on the U.S. OTCQB Venture Market under the ticker ECTHF, giving American retail and institutional investors the ability to trade the stock in U.S. dollars during local mar...

ECT lodges updated ASX corporate governance statement for FY26

Aug 31, 2026

Environmental Clean Technologies Limited has lodged its corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 30 June 2026. The statement is hosted on the company’s website and has been confirmed...

Environmental Clean Technologies posts wider loss but boosts asset base amid audit going-concern warning

Aug 31, 2026

Environmental Clean Technologies Limited has reported a widened full-year loss of $5.65 million for the year ended 30 June 2026, compared with $3.52 million a year earlier, as revenues from ordinary activities fell by 32% to $9,826. Despite the large...

Environmental Clean Technologies Options Lapse, Streamlining Capital Structure

Aug 28, 2026

Environmental Clean Technologies Limited has reported the cessation of 3,333,335 listed options, ECTAD, which expired on 28 August 2026 without being exercised or converted. The expiry reduces the company’s pool of outstanding convertible secur...

ECT Secures MAX Phase Feedstock to Scale MXene Production for Defence Markets

Aug 18, 2026

Environmental Clean Technologies has secured an initial 4kg supply of MAX phase ceramic precursor, enabling the scale-up of its MXene production programme using Flash Joule Heating technology in partnership with Metallium in Texas. The company has so...

ECT Retains Yallourn Property After Purchaser Walks Away From Sale

Aug 18, 2026

Environmental Clean Technologies Limited has confirmed that the proposed sale of its Yallourn Property has fallen through after the purchaser terminated the agreement at the end of an extended due diligence period. The company will retain ownership o...

ECT raises A$10.6m to drive MXene and PFAS technology push

Aug 18, 2026

Environmental Clean Technologies has completed the first tranche of a two-part equity placement, raising about A$10.6 million through the issue of 88.7 million shares at A$0.12, using its existing ASX placement capacity. The funds will support accele...

Environmental Clean Technologies Issues New Shares for Research Services

Aug 18, 2026

Environmental Clean Technologies Limited has applied for quotation of 1,000,000 new fully paid ordinary shares on the ASX, issued under its code ECT. These securities were issued on August 18, 2026 as part of partial consideration for services provid...

Environmental Clean Technologies Seeks Quotation for 88.7 Million New Shares

Aug 18, 2026

Environmental Clean Technologies Limited has applied for quotation of 88,709,808 new ordinary fully paid shares on the ASX, dated August 19, 2026, with an issue date of August 18, 2026. The securities have been issued as part of previously announced...

Environmental Clean Technologies Moves to Secure MXenes Production via Xenica Acquisition

Aug 4, 2026

Environmental Clean Technologies Limited has outlined the acquisition of Xenica as a scalable pathway to commercial-grade MXenes, a highly sought advanced material currently constrained in supply. The move positions the company to secure licensing an...

ECT Shares Resume Trading on ASX After Potential Acquisition Update

Aug 3, 2026

Trading in Environmental Clean Technologies Limited shares is set to resume on the ASX after a suspension, following the company’s release of an announcement about a potential acquisition. The lifting of the suspension also comes in conjunction...

Environmental Clean Technologies Plans 60 Million-Share Placement

Aug 3, 2026

Environmental Clean Technologies Limited has notified the ASX of a proposed placement of up to 60 million ordinary fully paid shares. The new securities are expected to be issued on 15 October 2026, subject to ASX quotation and standard listing rule...

Environmental Clean Technologies Plans 10 Million Option Issue

Aug 3, 2026

Environmental Clean Technologies Limited has notified the ASX of a proposed issue of securities in the form of options. The company plans to issue up to 10,000,000 options, each expiring three years from the date of issue and exercisable at $0.18.The...

Environmental Clean Technologies Plans Issue of 20 Million Options

Aug 3, 2026

Environmental Clean Technologies Limited has lodged a notice with the ASX for a proposed issue of up to 20 million new options, each exercisable at $0.18 and expiring 12 months from the date of issue. The options are to be issued under a placement or...

ECT Expands Flash Joule Heating Platform With Xenica Acquisition and MXene Focus

Aug 3, 2026

Environmental Clean Technologies has agreed to acquire Xenica Materials, gaining exclusive rights to use Rice University’s Flash Joule Heating technology to produce MXenes and two-dimensional amorphous carbon. This deal transforms ECT’s p...

ECT explains trading surge amid Xenica acquisition talks and $12m capital raise

Aug 3, 2026

Environmental Clean Technologies has confirmed it was in confidential negotiations to acquire Xenica Materials and to enter a research, development and engineering support agreement with Metallium Limited during a recent spike in its share price and...

ECT extends PFAS technology, builds pilot system and targets U.S. market listing

Jul 31, 2026

Environmental Clean Technologies reported progress on its PFAS remediation platform, expanding its licence with Rice University to apply Flash Joule Heating to PFAS-laden granular activated carbon used in water treatment. This extension builds on its...

Environmental Clean Technologies Faces Ongoing ASX Trading Suspension

Jul 30, 2026

Environmental Clean Technologies Ltd remains suspended from quotation on the ASX after requesting a voluntary halt pending an announcement on a potential acquisition and its response to an ASX price query letter. As of 30 July 2026, the company has a...

ECT seeks voluntary ASX suspension ahead of potential acquisition update

Jul 27, 2026

Environmental Clean Technologies Limited has requested the immediate voluntary suspension of trading in its ordinary shares on the ASX. The move follows an ASX price query and precedes an expected market announcement regarding a potential acquisition...

Environmental Clean Technologies Cancels Director’s ELF Shares After Shareholder Approval

Jul 24, 2026

Environmental Clean Technologies Limited has disclosed a change in director Faldi Ismail’s indirect interests, following the cancellation of 666,667 ordinary fully paid shares previously held under an employee loan-funded (ELF) arrangement via...

Environmental Clean Technologies Seeks Trading Halt Amid Potential Acquisition

Jul 23, 2026

Environmental Clean Technologies Limited has requested a trading halt in its securities on the ASX, with the halt to remain in place until either the start of trading on 27 July 2026 or the release of a pending announcement. The company said the halt...

Environmental Clean Technologies Cuts Share Count via Selective Buy-Back

Jul 22, 2026

Environmental Clean Technologies Limited has cancelled 57,250,687 ordinary fully paid shares on 22 July 2026 following a selective buy-back, as disclosed in an Appendix 3H notification to the ASX. The move reduces the company’s issued capital a...

Environmental Clean Technologies Issues 3.5 Million Unquoted Performance Rights

Jul 22, 2026

Environmental Clean Technologies Limited, an ASX-listed environmental technology company, develops and commercialises clean-tech solutions designed to cut emissions and improve industrial processes. Its focus on sustainability-linked technologies pla...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 16, 2026