Close the Loop Swings to Heavy Half-Year Loss on Intangible Impairment

Close the Loop Ltd. ( (AU:CLG) ) just unveiled an update.

Close the Loop Ltd. reported half-year revenue of $92.3 million for the period ended 31 December 2025, an increase of 1.8% on the prior corresponding period, but posted a sharp turnaround to a net loss attributable to members of $32.8 million. The company’s statutory loss was driven by $6.2 million in amortisation of acquired intangibles and a $23.2 million impairment related to its 2023 acquisition of ISP Tek Services, leaving underlying net profit from continuing operations at $2.3 million if these non-cash charges are excluded.

Net tangible assets per share deteriorated to negative 0.63 cents from positive 0.31 cents a year earlier, reflecting the heavy impact of non-cash charges on the balance sheet. The board has again elected not to pay an interim dividend and has no dividend reinvestment plan in place, underscoring a focus on capital preservation as the group absorbs the consequences of acquisition-related accounting adjustments and reassesses the value of its acquired software and customer-related assets.

The most recent analyst rating on (AU:CLG) stock is a Hold with a A$0.03 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 Ltd. operates in the resource recovery and recycling sector, focusing on circular economy solutions for products and materials at end-of-life. The company’s business model centres on collecting, recovering, and repurposing waste streams, with a market focus on sustainable product stewardship and environmentally responsible disposal services for corporate and institutional customers.

Average Trading Volume: 258,942

Technical Sentiment Signal: Sell

Current Market Cap: A$16.01M

Learn more about CLG stock on TipRanks’ Stock Analysis page.