Close the Loop Ltd (ASX:CLG)
Australia · Delayed Price · Currency is AUD 0.0220
-0.0010 (-4.35%)
Apr 29, 2026, 12:56 PM AEST
Close the Loop Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 2% to AUD 92.3 million, driven by packaging, but statutory loss reached AUD 26.9 million due to a AUD 23 million impairment. Underlying profit was AUD 2.5 million, with strong packaging growth offset by ITAD margin pressure. Focus remains on debt reduction and core business expansion.
Fiscal Year 2025
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FY 2025 saw a 26% revenue decline and a statutory net loss, driven by ITAD underperformance and one-off costs, but adjusted net profit was $7.8 million. Management is optimistic for FY 2026, focusing on ITAD growth, packaging strength, and geographic expansion.