Sprintex Ltd (ASX:SIX) has capped off a pivotal June quarter with operational momentum across key international markets, including a landmark A$9.4 million private-label agreement in China and a potential €4.8 million (~A$8.5 million) compressor order with one of the Netherlands' largest agribusinesses.
The cleantech manufacturer is progressing multiple strategic initiatives in wastewater treatment, aquaculture, and industrial air systems, leveraging partnerships, product innovation, and government-aligned programs to accelerate commercial uptake of its energy-efficient Jet Blower technology.
“During the quarter, the company has made exceptional operational progress and laid a strong foundation for growth over the coming months,” said executive chairman Steven Apedaile. “This progress has been underpinned by our work alongside strategic collaborator and leading European environmental company, Mest Water, to advance a trial of the enhanced ZLD-UP system with Van Drie Group — one of the largest agribusinesses in the Netherlands.”
Aquaculture breakthrough in China with A$9.4 million supply contract
Post-period-end, Sprintex signed its maiden private-label agreement with Guangdong Baode Technology Co. Ltd (BD Compressor), securing exclusive supply rights into China’s massive pond-based aquaculture market — the largest in the world by both volume and value.
The three-year deal carries a minimum contract value of A$9.4 million (44.08 million RMB), with the first quarter’s orders totalling A$325,000. To maintain exclusivity, BD Compressor must commit to annual purchases ranging from A$2.27 million to A$3.9 million for three years.
The partnership provides a scalable entry point into China’s US$200 billion aquaculture industry, where a single large farm may require hundreds of blower units. BD Compressor, a specialist in air compression technologies, brings both local market access and infrastructure to support rapid commercial rollout.
Van Drie trial sets stage for Dutch market expansion
In the Netherlands, Sprintex’s enhanced ZLD-UP system has been commissioned at Mest Water’s Tubbergen facility, incorporating dual Sprintex compressors to increase efficiency and unit value.
Field trials with Van Drie Group — a major agribusiness with €3.2 billion in annual revenues — are scheduled for August. If successful, these will trigger an initial 200-unit compressor order valued at €4.8 million (A$8.5 million).
Sprintex and Mest Water are also co-developing new mobile and stationary ZLD systems tailored to small-scale farms. These systems align with a Dutch government subsidy program launching in autumn 2025, targeting up to 12,000 livestock farms.
A revised €705,000 (A$1.25 million) evaluation order has already been placed, reinforcing Mest Water’s confidence in the collaboration.
Türkiye distribution strengthened with new dealer and order uplift
Sprintex extended its distribution agreement with Türkiye-based Net 0 Enerji through to June 2029, increasing minimum order commitments to US$6.48 million (A$9.93 million) over five years. During the quarter, the company received a US$245,000 (A$375,000) follow-up order, adding to US$220,000 secured in the previous quarter.
In addition, water treatment company HCP Pompa Sistemleri Ltd — part of ASM Water Treatment Technologies Inc. — has been appointed as an official dealer in Türkiye. This move expands Sprintex’s access to industrial and municipal wastewater projects, where larger-scale energy savings are driving demand.
Sprintex’s larger Jet Blowers also qualify for national energy efficiency subsidies under Türkiye’s Ministry of Energy and Natural Resources that can cover up to 30% of project costs.
Proven performance at SEA LIFE aquarium opens global opportunity
A single G15 Jet Blower installed at SEA LIFE Sunshine Coast aquarium achieved a 72% reduction in energy consumption, replacing an older side channel blower. The unit’s power usage dropped to just 2.7 kilowatts (kW) from 9.7 kW, saving more than 61,000 kilowatt hours (kWh) annually — along with noise and maintenance benefits.
Given SEA LIFE’s 57 global aquariums, and its parent company Merlin Entertainment’s 140 global attractions, the trial results provide a compelling business case for wider adoption. Sprintex estimates each unit could reduce CO₂ emissions by 30 tonnes per year.
New high-capacity blowers to unlock larger markets
Sprintex launched its 25kW G25 Jet Blower during the quarter, with a 37-kW model (G37) set to follow in August and larger units — up to 150 kW — now open for pre-order. These models enable Sprintex to pursue larger municipal and industrial projects, where a single order could generate as much revenue as dozens of smaller units.
The company has already begun quoting tenders worth more than US$500,000 (A$766,000) in regions including India and the Middle East and North Africa (MENA) region.
Financials and funding movements
Customer receipts for the June quarter totalled A$712,000, with A$841,000 in inventory held at quarter-end. Operating costs included A$537,000 in staff expenses, A$399,000 for production, A$360,000 in administration costs and A$99,000 for marketing activities.
Sprintex raised A$3.15 million (before costs) via placement during the quarter, with part of the proceeds used to repay convertible notes and loans. Subsequent to the quarter, the company secured two additional A$375,000 loans from existing investors to support working capital and growth initiatives.
As it enters FY26, Sprintex is focused on converting its global sales pipeline — particularly with Mest Water and BD Compressor — while scaling up production to meet anticipated demand for its new generation of high-efficiency industrial blowers.