Highlights

  • September quarter cash receipts rose about 29% to A$10.1 million, extending growth to 30 consecutive quarters.
  • Net operating cash inflow reached A$842,000, the highest quarterly figure in the company's history.
  • Cash increased to A$4.78 million at 30 September 2026, up from A$4.33 million in June.
  • New orders include an antiscalant Supply framework worth about A$800,000 with an Australian Mining customer.

Thirty quarters in a row of year-on-year receipts growth have now delivered the strongest cash generation yet for De.mem (ASX:DEM), with the water treatment group reporting a record operating cash inflow for the September 2026 quarter and a fresh batch of mining and industrial orders.

De.mem is an Australian-headquartered company that designs, builds, owns and operates decentralised water and wastewater treatment systems for industrial and municipal clients, supported by specialty chemicals, consumables, maintenance and its own graphene oxide-enhanced membranes. The company says more than 90% of Revenue is recurring.

Receipts Growth Turns Into Record Cash Generation

In its Quarterly Report released on 12 October 2026, De.mem reported September quarter cash receipts of A$10.07 million, up about 29% on the prior corresponding period and the second-highest quarterly total in its history. Receipts for the nine months to 30 September reached A$30.1 million, about 28% above the same period in 2025.

Net operating cash inflow of A$842,000 marked a third consecutive positive quarter and the highest yet, following A$504,000 in March and A$424,000 in June. Year-to-date operating inflow totalled A$1.77 million. Product Manufacturing and operating payments for the quarter were A$5.93 million, while staff costs totalled A$2.67 million.

Cash rose to A$4.78 million at 30 September 2026. The only disclosed borrowing is a Shareholder Loan from the chairman and chief financial officer, with A$438,000 outstanding.

Western Australia and Germany Anchor New Orders

Named customers include AGL, Givaudan, Coca-Cola, Rio Tinto and South32. The Western Australian businesses, comprising Core Chemicals, De.mem-Capic and Auswater Systems, contributed about 47% of quarterly receipts. Core Chemicals, acquired in late 2025, supplies process chemicals to gold miners and has added clients and cross-selling opportunities since joining the group.

During the quarter, De.mem signed an antiscalant supply framework with an Australian mining customer valued at about A$800,000 over 12 months from the December quarter, although it can be terminated for convenience. It also won an Australian mining equipment order worth about A$350,000 and a German industrial equipment order of about A$380,000 through De.mem-Geutec, both due for delivery in calendar 2027.

Building on a Record First Half

The quarter builds on results for the half year to 30 June 2026, when revenue rose 26% to A$17.6 million and adjusted EBITDA climbed 185% to A$1.58 million, with gross Margin at 41%.

Chief executive Andreas Kroell said the company is well positioned to deliver a very strong calendar 2026, and management expects record full-year results for the year to 31 December 2026. Planned priorities include completing Australian WaterMark certification for domestic filtration products, expected in the coming months, expanding third-party distribution for domestic systems, cross-selling across the gold sector and continuing membrane research, which the Singapore Subsidiary funds at about A$800,000 a year.

Shares were unchanged at A$0.11 on 2 November 2026, giving the company a Market Capitalisation of A$36 million.