• Revenue from continuing operations declined 41% to $4.2M
• Loss from continuing operations increased 820% to $2.3M
• Significant progress on key water and metals recovery projects

Clean TeQ Water Limited reported a decline in revenue from continuing operations of 41% to $4.2 million and a significant increase in loss from continuing operations of 820% to $2.3 million for the half-year ended 31 December 2024. Despite the financial challenges, the company made substantial progress on key projects during the period. In the water space, Clean TeQ is finalizing the delivery of a $10 million contract for a water disinfection plant in Townsville, Queensland, and was awarded an $11 million contract with ENVA to deploy its PHOSPHIX® technology for phosphate removal and recovery in Ireland. The company also completed a successful demonstration of its DESALX® technology for Nyrstar in Belgium to remove sulfate and selenium from a refinery wastewater stream. In the metals recovery segment, the company's joint venture, Go2Lithium, successfully commissioned and operated the cDLE® pilot plant at LithiumBank's facility in Calgary, though the project has been paused due to the current depressed state of the lithium market. Additionally, the company was awarded a $5.6 million contract by Heathgate Resources for the design and supply of a CLEAN-IX® uranium processing system in South Australia, with commissioning expected in the current quarter.