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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.075 -0.018 (-19.35%)+
Announcement
Release
28 Oct 2025 2:48PM
Price at Release
$0.093
Full Release
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Summary
Carbonxt Group Limited, an ASX-listed clean technology company focusing on environmental technologies, reported significant developments in its Q1 FY26 Quarterly Activities Report. The company has made progress on its Kentucky plant, with kiln construction completed and commissioning underway, which is expected to boost sales by 200% and expand into the liquid-phase activated carbon market. Financially, Carbonxt reported $4.5 million in quarterly revenue, an 8% increase, and positive EBITDA. The company's strategic investments and regulatory tailwinds, particularly from US EPA PFAS standards, are driving demand and positioning Carbonxt for growth in the U.S. market. Key financial moves include a US$750,000 investment increasing its Kentucky facility stake to 45.9%, a successful entitlement offer raising about $698k, and a placement raising $600,000.
Key Points
  • Carbonxt's Kentucky plant nearing completion, expected to increase sales by 200%.
  • Q1 FY26 revenue increased by 8% to $4.5 million, with positive EBITDA.
  • US$750,000 investment in Kentucky facility raises ownership to 45.9%.
  • Regulatory changes in US EPA PFAS standards drive demand.
  • Successful capital raises include a $698k entitlement offer and $600k placement.
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.