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Close the Loop Ltd. ( (AU:CLG) ) has provided an announcement.
Close the Loop Limited has reported a decline in its financial performance for the first half of 2025, with revenue at $99.2 million, down 4% from the previous corresponding period. The company’s EBITDA and NPATA also saw significant declines of 46% and 58%, respectively. The downturn was largely attributed to challenges in its Resource Recovery business in North America, including delayed facility openings and increased inventory. However, improvements are expected in the second half as operations stabilize and new initiatives like the Circular Planet program in Europe gain traction. Meanwhile, the packaging division in Australia and South Africa showed positive growth, supported by new client acquisitions and a focus on sustainable packaging. Despite these pressures, the company continues to invest in its facilities and ITAD operations to drive future growth and reduce inventory levels.
More about Close the Loop Ltd.
Close the Loop Limited is a leader in the circular economy industry, focusing on resource recovery and sustainable packaging. The company operates primarily in North America, Europe, Australia, and South Africa, offering services such as IT asset disposition (ITAD), refurbishment of printer hardware, and sustainable packaging solutions. It is engaged in initiatives like the Circular Planet program in Europe and holds the status of a global HP Certified Refurbished Partner.
YTD Price Performance: -52.08%
Average Trading Volume: 975,678
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$61.16M
See more data about CLG stock on TipRanks’ Stock Analysis page.