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Environmental Clean Technologies Limited
(Sydney:ECT)
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Rating:41Neutral
Price Target:
AU$0.11
â–¼(-34.38% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by very weak financial performance—minimal recurring revenue, negative gross profit, ongoing losses, and persistent negative operating/free cash flow—despite an improved 2026 balance sheet with zero debt. Technicals add caution as the stock is below major moving averages with negative MACD, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Proprietary Coldry tech & licensing model
Owning proprietary Coldry technology and targeting a licensing/royalty model creates a scalable, capital-light path to revenue. Over months this supports margin leverage if license uptake occurs, reduces operating capital needs versus asset-heavy peers, and aligns incentives with project developers.
Negative Factors
No meaningful revenue or gross profit
Persistently negligible revenue and negative gross profit indicate the technology has not yet translated into commercial, repeatable cash flows. This undermines validation of the licensing model, delays royalty income, and means the company remains dependent on proof-of-concept milestones before achieving sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary Coldry tech & licensing model
Owning proprietary Coldry technology and targeting a licensing/royalty model creates a scalable, capital-light path to revenue. Over months this supports margin leverage if license uptake occurs, reduces operating capital needs versus asset-heavy peers, and aligns incentives with project developers.
Read all positive factors
Environmental Clean Technologies Limited (ECT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$49.34M
Dividend YieldN/A
Average Volume (3M)696.91K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue GrowthN/A
EPS Growth29.52%
CountryAU
Employees53
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.01
Shares Outstanding448,549,040
10 Day Avg. Volume542,781
30 Day Avg. Volume696,906
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)1.50
Price to Sales (P/S)0.00
P/FCF Ratio-13.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 advance...
How the Company Makes Money
ECT’s intended revenue model is based primarily on commercialising its proprietary technologies (particularly Coldry) through licensing and related commercial agreements rather than operating large-scale commodity production itself. In practice, t...
Environmental Clean Technologies Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 257.60K |
| Gross Profit | -1.16M | -1.14M | -1.38M | -1.06M | -1.36M |
| EBITDA | -4.49M | -1.84M | -3.09M | -4.00M | -4.22M |
| Net Income | -5.65M | -3.52M | -3.71M | -4.42M | -5.18M |
Balance Sheet | |||||
| Total Assets | 20.89M | 3.26M | 5.95M | 8.18M | 11.96M |
| Cash, Cash Equivalents and Short-Term Investments | 1.69M | 478.64K | 762.17K | 1.29M | 4.40M |
| Total Debt | 0.00 | 1.24M | 1.27M | 2.38M | 2.52M |
| Total Liabilities | 1.55M | 2.40M | 2.53M | 4.75M | 4.91M |
| Stockholders Equity | 19.34M | 860.12K | 3.42M | 3.43M | 7.05M |
Cash Flow | |||||
| Free Cash Flow | -2.21M | -1.02M | -2.90M | -3.00M | -5.58M |
| Operating Cash Flow | -2.21M | -1.02M | -2.71M | -1.60M | -2.35M |
| Investing Cash Flow | 381.60K | -40.00K | -184.02K | -1.37M | -3.13M |
| Financing Cash Flow | 3.04M | 780.96K | 2.37M | -154.41K | 8.87M |
Environmental Clean Technologies Limited Technical Analysis
Negative
0.16
Price Trends
Market Momentum
<0.01
Positive
37.37
Neutral
-2.90
Positive
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 0.16 is above the 20-day moving average (MA) of 0.14, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 37.37 is Neutral, neither overbought nor oversold. The STOCH value of -2.90 is Positive, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | AU$37.64M | -33.82 | -7.59% | ― | 23.31% | 50.00% | |
46 Neutral | AU$23.76M | -0.20 | -175.71% | ― | -35.63% | -374.34% | |
45 Neutral | AU$4.37M | -1.35 | -41.16% | 0.41% | 308.85% | -44.44% | |
45 Neutral | AU$31.96M | -5.53 | -14.21% | 1.40% | -0.09% | -228.23% | |
42 Neutral | AU$74.47M | -8.07 | 85.81% | ― | 28.88% | 69.06% | |
41 Neutral | AU$49.34M | -7.43 | -27.29% | ― | ― | 29.52% |
* Industrials Sector Average
AU:ECT
Environmental Clean Technologies Limited
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Environmental Clean Technologies Limited Corporate Events
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 confirm...
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 la...
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 se...
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...
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 ownershi...
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 acc...
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 pro...
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 announc...
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...
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 conjunct...
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 ru...
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....
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...
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’...
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 a...
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 ...
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 ha...
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 acquisit...
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 v...
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 h...
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 capita...
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 ...
ECT positions PFAS destruction technology in key U.S. EPA review
Jun 28, 2026
Environmental Clean Technologies has lodged a public comment with the U.S. Environmental Protection Agency as part of the agency’s four-year review of PFAS destruction and disposal guidance. The company used the submission to showcase perfor...
ECT calls 2026 extraordinary meeting, shifts to digital notices
Jun 17, 2026
Environmental Clean Technologies Limited has called an Extraordinary General Meeting for 17 July 2026 in Melbourne, inviting shareholders to attend in person or participate via proxy. In line with updated Corporations Act provisions, the company w...
Environmental Clean Technologies Calls Extraordinary General Meeting for July 2026
Jun 17, 2026
Environmental Clean Technologies Ltd has called an extraordinary general meeting of shareholders to be held on 17 July 2026 at 10:00am AEST in Melbourne, with the session to take place at Suite 1, Level 6, 350 Collins Street. The company is encour...
Environmental Clean Technologies targets U.S. expansion with planned OTCQB listing
Jun 16, 2026
Environmental Clean Technologies has begun the process to list its shares on the U.S. OTCQB Venture Market under the ticker ECTHF, aiming to start trading in the third quarter of 2026 subject to regulatory approvals. The move, supported by U.S. ad...
ECT launches COLDry commercialisation review and updates Yallourn asset sale
Jun 9, 2026
Environmental Clean Technologies has launched a formal commercialisation review of its COLDry technology, appointing RSM Corporate Australia to deliver an independent commercial and financial assessment. The review will evaluate existing partnersh...
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.