Key Highlights

  • Sprintex Limited (ASX:SIX) traded at 5.7 cents during the 3 November 2026 session, down 9.52%.
  • The order book stood at A$41.1 million, with on-farm testing of Mest Water systems continuing.
  • A co-development agreement was signed with Chinese engineering specialist Bosiwei, targeting up to 500 MVR systems a year.
  • The S&P/ASX 200 eased about 0.12% to 8,846.20 in the same session.

Share price performance on 3 November 2026

Shares of Sprintex Limited (ASX:SIX) traded at 5.7 cents during the 3 November 2026 session, down 9.52%. Over the same session, the S&P/ASX 200 eased about 0.12%, or 10.30 points, to 8,846.20. Sprintex designs and supplies mechanical vapour recompression and water treatment technology for industrial customers, including through its Mest Water arrangement.

Latest development: September quarter report

Sprintex released its Quarterly Report on 29 October 2026. The company said on-farm testing and engineering optimisation of systems for MW Techniek Systems continued during the quarter, including an upgraded three-motor compressor configuration for high-capacity systems. The order book stood at A$41.1 million.

After quarter end, the company signed a co-development agreement with Jiangsu Bosiwei Chemical Equipment Engineering. Bosiwei is targeting up to 500 systems a year, although those volumes are not contracted.

The company reported Debt reduction of about A$1.02 million in the quarter and conversion of convertible notes into 12.7 million shares at 7.2 cents. It also issued 10.2 million shares at 10 cents, raising A$820,000.

Sector context

Industrial water and wastewater treatment equipment is sold into process industries that face tighter discharge rules. Companies in this area often rely on a small number of large projects and on partner arrangements to scale production.

Risks

The Bosiwei volumes are not contracted, and the order book depends on testing outcomes and conversion into firm orders. Share issues and note conversions add to the number of shares on issue, and results depend on the progress of a few large customers.

What to watch next

Investors will be looking for the conversion of on-farm testing into firm orders, progress on the Bosiwei agreement and the next quarterly report.

The Final Word

Sprintex shares traded lower on 3 November 2026. The company's 29 October report centred on testing progress, a new co-development agreement and reduced debt, with contracted volumes still to come.