Australia · Delayed Price · Currency is AUD Calix Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 48% year-over-year to AUD 15.8 million, with magnesia and sustainable processing driving strong gross profit and margin gains. The business remains capital-light, expects cash flow neutrality in 2026, and is advancing major projects in iron, alumina, and lime.
Fiscal Year 2025
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The meeting highlighted strong revenue growth, cost reductions, and major strategic partnerships, including with Rio Tinto and Norsk Hydro. Key projects advanced across iron, alumina, lithium, and magnesia, while challenges included market uncertainty and funding delays.
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Revenue grew to nearly $34 million in FY2025, led by magnesium, with significant cost reductions and an 18-month cash runway. Key projects in lithium, iron, and cement advanced, though permitting and funding delays persist. Focus remains on revenue growth, cost control, and commercial milestones.
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ZESTY, a zero-emissions steel technology, is advancing with a $44.9M ARENA grant for a 30,000 tpa demonstration plant, targeting commercial operation by 2028. The technology offers flexible, low-cost green iron production and a capital-light licensing model, with strong policy and industry support.
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A patented, energy-flexible kiln technology is enabling efficient decarbonization across cement, lime, iron, and lithium industries, with strong partnerships, government support, and a robust licensing model. The first commercial lithium project is set for Q4 commissioning, while cost discipline and subsidiary-level capital strategies underpin ongoing growth and resilience.
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Strong revenue growth and cost reductions have created a solid financial base, with a robust cash runway supporting major project execution and commercialization in key sectors. Policy support and international recognition bolster confidence, despite market headwinds.
Fiscal Year 2024
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The AGM highlighted a sharpened focus on cost control, revenue growth, and project prioritization amid challenging clean tech markets. Board renewal was completed, key projects advanced, and ZESTY received global recognition. Shareholders approved all resolutions, and the company remains poised to accelerate as market conditions improve.
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Record revenue growth and margin expansion were achieved, driven by strong performance in magnesia, carbon capture, and sustainable processing. Key projects advanced despite external delays, with robust cash reserves and significant grant funding supporting future growth.
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ZESTY enables zero-emission steel production using minimal green hydrogen, processing low-grade ores and fines without pelletizing. The technology is rapidly advancing, with a capital-light commercialization model and strong industry collaborations.