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Close the Loop Ltd (ASX:CLG)

ALERT: Price-sensitive ASX Announcement for CLG
Current share price for CLG : $0.027 -0.004 (-12.90%)+
Announcement
Release
23 Feb 2026 9:43AM
Price at Release
$0.031
Full Release
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Summary
Close the Loop Ltd's half-year financial report for 2025 reveals significant challenges and restructuring efforts. The company reported a net loss of $26,878,000 from continuing operations, impacted by shifts in business mix and operational capacity issues. Revenue from continuing operations was $92,306,000, with a gross margin of 34.9%. The company completed divestments of non-core businesses, namely Alliance Paper Pty Ltd and O F Flexo Pty Ltd, to streamline operations. Despite these challenges, Close the Loop remains committed to its zero waste to landfill goal and leadership in the circular economy.
Key Points
  • Net loss from continuing operations was $26,878,000.
  • Continuing operations revenue was $92,306,000.
  • Gross margin improved to 34.9%.
  • Significant divestments of Alliance Paper Pty Ltd and O F Flexo Pty Ltd.
  • Company remains focused on zero waste to landfill and circular economy.
  • Reduction in EBITDA by 23% compared to the previous period.
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.