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Close the Loop Ltd. ( (AU:CLG) ) has provided an update.
Close the Loop Limited reported a decline in its FY25 financial performance, with revenue dropping by 7% and EBITDA by 59% due to an unfavorable product mix shift in its ITAD operations in North America. Despite these challenges, the company is implementing a strategic plan to improve financial performance in FY26, including leadership changes and new strategic initiatives aimed at enhancing cash conversion, maintaining packaging performance, and leveraging its international footprint for growth.
The most recent analyst rating on (AU:CLG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Close the Loop Ltd. stock, see the AU:CLG Stock Forecast page.
More about Close the Loop Ltd.
Close the Loop Limited is a leader in the circular economy industry, focusing on recycling and packaging services. The company operates in various markets, including North America and South Africa, with a strong emphasis on Information Technology Asset Disposition (ITAD) and packaging solutions.
Average Trading Volume: 2,806,122
Technical Sentiment Signal: Sell
Current Market Cap: A$22.34M
Find detailed analytics on CLG stock on TipRanks’ Stock Analysis page.