How Sprintex’s A$3.6m Raise Fuels Growth After €15.6m Mest Water Win

Capital Raising Details

Sprintex Limited (ASX – SIX) has successfully secured A$3.625 million through a combination of early option exercises and a share placement. The capital raising included the exercise of 16.25 million options at A$0.10 each, representing a 17.64% premium to the last traded share price, raising A$1.625 million. Additionally, 26.67 million new shares were issued at A$0.075 per share, raising a further A$2 million. The placement was anchored by MWP Partners Limited, a prominent Hong Kong-based investment firm, alongside existing major shareholders and new investors.

Strategic Use of Funds

The fresh capital will be deployed primarily to extinguish legacy debt facilities, including loans from China Automotive Holdings, Euro Mark Limited, and Distacom, collectively totalling over A$1.5 million. This debt repayment significantly strengthens Sprintex’s balance sheet, reducing financial risk and improving flexibility. The remaining funds will support working capital needs and accelerate the company’s growth initiatives, particularly those linked to its recent contract with Mest Water.

Mest Water Contract – A Growth Catalyst

In December 2025, Sprintex secured a landmark €15.6 million (A$27.2 million) initial production order from Mest Water, marking the largest contract in the company’s history. This deal is expected to substantially scale Sprintex’s multi-year revenue profile and drive the company towards profitability. The new funding round is a clear endorsement of Sprintex’s strategy to capitalise on this opportunity and expand the adoption of its clean air and electric motor technologies across Europe and other key markets.

Investor Confidence and Market Position

Executive Chairman Steven Apedaile highlighted that the capital raise reflects growing investor confidence, particularly given the participation of MWP Partners and the premium paid for option exercises. The company’s strengthened financial position and contracted multi-year delivery program position it well to convert momentum into sustained earnings growth. Sprintex’s focus on innovation in ultra high-speed electric motors and clean air compressors continues to resonate with investors and industry stakeholders alike.

Looking Ahead

With the capital raising completed and debt facilities extinguished, Sprintex is poised to accelerate execution alongside Mest Water and pursue additional commercial opportunities. The company’s ability to deliver on its contracted orders and expand its market footprint will be critical in the coming months as it seeks to translate its technological advancements into tangible financial results.