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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.290 -0.72 (-71.29%)+
Announcement
Release
24 Feb 2026 8:32AM
Price at Release
$1.010
Full Release
download
Summary
Calix Limited's 1H FY26 results highlight significant growth in magnesia revenue by 48% and gross profit by 37%, driven by strong product and services performance. The company achieved a 30% reduction in operating expenses with focused business delivery and minimal capital expenditure. New contracts, including a substantial agreement in the U.S., and strategic partnerships with major players like Rio Tinto and ARENA support ongoing expansion and technological development. Completing the construction of the Lithium Mid-Stream Demonstration Plant marks a milestone in their sustainable processing efforts, reinforcing their commitment to global decarbonisation solutions. Calix anticipates being cash flow neutral for the 2026 calendar year, bolstered by expected payments from restructuring and ongoing project funding.
Key Points
  • Calix Limited reported a 48% increase in magnesia revenue for 1H FY26 compared to 1H FY25.
  • Gross profit rose by 37%, reflecting strong growth in product and services revenue.
  • The company maintained a focused business delivery with a 30% reduction in operating expenses and minimal capital expenditure.
  • A significant contract worth up to $10 million per annum was secured with a new U.S. customer, starting January 2026.
  • Key partnerships include a $35 million joint development agreement with Rio Tinto and a $44.9 million ARENA grant for the Zesty Demo Plant.
  • Construction of the Lithium Mid-Stream Demonstration Plant was completed, with plans for global deployment.
  • Calix's sustainable processing technologies are applied in sectors like cement, steel, alumina, and carbon dioxide removal.
  • The company expects to achieve neutral cash flow in the 2026 calendar year, excluding income from the PLS restructure.
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.