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Magontec Limited (ASX:MGL)

ALERT: Price-sensitive ASX Announcement for MGL
Current share price for MGL : $0.245 0.03 (13.95%)+
Announcement
Release
24 Feb 2026 6:44PM
Price at Release
$0.215
Full Release
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Summary
Magontec Limited's 2025 annual results reflect several challenges, particularly in its Metals business, where losses overshadowed contributions from other segments. Despite these challenges, the company reported a gross profit increase to $11.9 million, a 10.8% rise from the previous year. The company's focus has shifted from magnesium metals to higher-margin CCP/anodes businesses, which now contribute significantly to revenues. The Metals business faced difficulties due to low magnesium prices and a cautious supply chain environment in Europe. However, strategic engagements with new suppliers and the development of sales to European customers are expected to improve volumes in the future. The company aims to reform its Metals business in 2026 to ensure consistent profitability while continuing to develop its electronic anode products and other strategic initiatives in its CCP/anodes business.
Key Points
  • Gross profit increased to $11.9 million, up 10.8% from the previous year.
  • Net assets per share rose 30.7% to 82 cents following a share buyback.
  • Underlying NPAT from continuing operations was a loss of $4.48 million.
  • The Metals business faced challenges with low magnesium prices and cautious supply chains.
  • The company plans to reform the Metals business to achieve consistent profitability.
  • Engagements with new magnesium alloy suppliers expected to boost European sales.
  • Revenues from CCP/anodes nearly doubled those from Metals, indicating a strategic shift.
  • Strategic focus on proprietary electronic anodes and new product releases in CCP/anodes business.
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.