Carbonxt Group Reports Revenue Decline Amid Operational Challenges

The latest announcement is out from Carbonxt Group Ltd. ( (AU:CG1) ).

Carbonxt Group Limited reported a 12.7% decline in revenues for the half-year ended December 2024, primarily due to reduced supply to its largest activated carbon pellet customer, which faced plant outages. Despite the revenue drop, the company saw a significant 143% increase in underlying EBITDA, although it still recorded a net loss of $4.2 million, up 25% from the previous year. The financial results reflect operational challenges but also indicate a focus on core earnings, as evidenced by the improvement in EBITDA, which could be a positive sign for stakeholders regarding the company’s resilience and potential future recovery.

More about Carbonxt Group Ltd.

Carbonxt Group Limited operates in the activated carbon industry, focusing on the production and supply of activated carbon products. These products are primarily used for air and water purification applications, catering to a market that demands solutions for environmental compliance and sustainability.

YTD Price Performance: -11.43%

Average Trading Volume: 152,403

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$24.09M

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