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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.067 -0.023 (-25.56%)+
Announcement
Release
27 Feb 2026 2:22PM
Price at Release
$0.090
Full Release
download
Summary
The Half Yearly Report for Carbonxt Group Limited for the period ending 31 December 2025 outlines a total comprehensive loss of $4,551,759, driven by a net loss after tax of $3,971,198. Despite a 15.7% increase in revenue to $8,503,509 due to higher demand from its largest customer, the company continues to face challenges. These include financial covenant breaches related to the Pure Loan Facility. The company has also worked on increasing its stake in NewCarbon Processing, LLC. The report highlights a material uncertainty concerning the company's ability to continue as a going concern, with strategic plans to improve cash flows and secure additional funding. No dividends were declared for this period.
Key Points
  • Total comprehensive loss for the half-year: $4,551,759
  • Net loss after tax: $3,971,198
  • Revenue increased by 15.7% to $8,503,509
  • Increased demand from the largest PAC customer
  • Breached financial covenants related to the Pure Loan Facility
  • Material uncertainty regarding going concern
  • No dividends declared
  • Increased stake in NewCarbon Processing, LLC to 45.95%
  • Strategic plans to improve cash flows and secure additional funding
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.