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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.067 -0.016 (-19.28%)+
Announcement
Release
30 Apr 2026 10:33AM
Price at Release
$0.083
Full Release
download
Summary
Carbonxt Group Limited's Q3 FY26 report highlights a mixed performance, with customer receipts down due to a temporary decrease in sales to a major PAC customer, though these volumes have since recovered. The company is experiencing increased demand across its core product lines, particularly for Powdered Activated Carbon (PAC) and Activated Carbon Pellets (ACP), driven by regulatory changes and new customer contracts. The Kentucky facility, a significant asset for future growth, faced delays due to kiln part issues but is expected to boost production capacity by 200% once operational. Financially, Carbonxt secured additional funding through convertible notes to support its operations and strategic investments. The ongoing regulatory momentum in the U.S. around PFAS contamination is expected to sustain long-term demand for Carbonxt's products.
Key Points
  • Customer receipts were $3.3 million, down 13% from the prior quarter.
  • Operating cash flow was negative at $(368)k due to lower PAC production.
  • Carbonxt is increasing ACP production to meet deferred orders.
  • The Kentucky facility's commissioning is delayed due to kiln part replacement.
  • Regulatory changes in the U.S. are driving demand for PAC and ACP.
  • The company secured additional funding through convertible notes.
  • PAC sales are supported by long-term contracts, notably with ReWorld.
  • ACP sales are expected to grow significantly with new customer onboarding.
  • The Kentucky facility is expected to increase production capacity by 200%.
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.