AUS
NZ
UK
CA
USA
IND
_06_19_2026_12_34_15_139937.jpg)
Highlights
- Carbonxt’s Group revenue increased 7.1% to AUD 16.2 million in FY25.
- Gross margin improved to 52%, up from 38% in FY24.
- PAC sales were boosted by ReWorld Waste contracts and new U.S. EPA PFAS standards.
- The company increased its stake in the Kentucky facility to 43.7%, with imminent commissioning set to expand capacity by ~200%.
Carbonxt Group Limited (ASX:CG1), a cleantech company specialising in activated carbon products, reported FY25 results reflecting steady revenue growth, improved margins, and operational advances. The company’s performance is supported by increasing demand for environmental remediation products along with regulatory tailwinds in the US market.
A notable milestone for Carbonxt was increasing its ownership at its flagship Kentucky facility to 43.7%, with imminent commissioning expected to boost liquid-phase activated carbon capacity by around 200%.
Revenue Growth Driven by PAC Sales
CG1’s FY25 group revenue increased 7.1% to AUD 16.2 million (FY24: AUD 15.1 million), led by higher sales of Powdered Activated Carbon (PAC) and the recovery of Activated Carbon Pellet (ACP) volumes in the second half.
Margin and Profitability Improvements
- Gross margin uplift: 52% (FY24: 38%), driven by pricing, product mix, and cost optimisation at Arden Hills (ACP) and Black Birch (PAC) facilities.
- EBITDA turnaround: Underlying EBITDA loss narrowed to AUD 0.46 million (FY24: AUD 3.13 million loss), with second-half EBITDA positive at AUD 0.23 million.
Operational Highlights
The company’s PAC sales were supported by long-term supply agreements with ReWorld Waste, alongside regulatory momentum from the introduction of new United States Environmental Protection Agency (EPA) standards for per- and polyfluoroalkyl substances (PFAS). These developments are expected to drive further volume growth in FY26. ACP sales also stabilised during the year, following the resolution of operational challenges at a major customer facility, which helped restore volumes to historical levels.
In terms of capital management, CG1 completed an AUD 1.0 million convertible note raise in June 2025 with major shareholder Phelbe Pty Ltd to support working capital. Subsequent to year-end, the company launched a fully underwritten Loyalty Option entitlement offer to raise approximately AUD 0.70 million.
Shares of CG1 traded at AUD 0.060, up 5.26% at the time of writing on 29 Aug 2025.
