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Close the Loop Ltd (ASX:CLG)

ALERT: Price-sensitive ASX Announcement for CLG
Current share price for CLG : $0.028 -0.014 (-33.33%)+
Announcement
Release
20 Nov 2025 10:33AM
Price at Release
$0.042
Full Release
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Summary
Close the Loop Ltd (ASX: CLG), a leader in the circular economy, provided a trading update for Q1 FY26 at their AGM. The company reported improved revenue and EBITDA in its Resource Recovery and Packaging divisions, attributed to new product lines, increased volumes, and operational efficiencies. Significant strategic achievements included the sale of non-core assets Alliance Paper and O F Flexo, aligning the company’s focus on core business areas. Leadership changes were announced with the retirement of key directors and the CFO, as the company continues to strengthen its management team. The board reaffirmed its commitment to reducing debt and improving shareholder value, projecting continued operational and financial growth for FY26.
Key Points
  • Improved revenue and EBITDA in Resource Recovery and Packaging divisions.
  • Completion of asset sales of Alliance Paper and O F Flexo.
  • Leadership changes with the retirement of directors and CFO.
  • Focus on strategic objectives and debt reduction.
  • Positive momentum in FY26 marked by operational improvements.
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.