InvestSMART

Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.225 -0.075 (-25%)+
Announcement
Release
26 Aug 2026 9:17AM
Price at Release
$0.300
Full Release
download
Summary
Calix Limited, an Australian industrial technology company, reported record revenue and disciplined execution in their fiscal year ending 30 June 2026, achieving a 16% increase in group revenue to $39.2 million. The growth was notably driven by a 28% rise in product and services revenue, particularly from the Magnesia line. Calix successfully reduced operating costs by 24% and slashed capital expenditure by 80%, resulting in improved cash performance. The company also secured significant commercial milestones, including a major U.S. contract and a joint development agreement with Rio Tinto. Moving forward, Calix aims to sustain its growth momentum by focusing on capital-light and customer-funded projects, positioning itself strategically for the future.
Key Points
  • Calix achieved record revenue and disciplined execution in FY26.
  • Group revenue increased by 16% to $39.2 million.
  • Product and services revenue rose 28% to $36.0 million, driven by strong performance in the Magnesia line.
  • Operating costs reduced by 24%, and capital expenditure decreased by 80%.
  • Cash outflow was significantly reduced, and the company held $9.8 million in cash by the end of FY26.
  • Important commercial milestones included a $10 million per annum contract in the U.S. and a joint development with Rio Tinto.
  • Calix's strategy emphasized capital-light, customer-funded projects to ensure growth and sustainability.
  • The company aims to build on its momentum in FY27, continuing growth in Magnesia and advancing its commercialization strategy.
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.