TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Magontec Limited ( (AU:MGL) ) just unveiled an update.
Magontec Limited reported a gross profit of $5.25 million for the first half of 2025, despite a net loss of $2.25 million. The company’s net assets have doubled to 84 cents per share, following a share buyback and cancellation. The anodes segment showed strong performance with a 28% increase in gross profit, while the metals segment faced challenges due to lower volumes. However, new supply relationships with Chinese manufacturers are expected to improve the flow of primary magnesium alloys, crucial for the profitability of Magontec’s recycling operations. The company is well-positioned to benefit from the growing demand for heat pump systems in Europe and North America, despite the absence of government subsidies.
More about Magontec Limited
Magontec Limited is a global manufacturer specializing in magnesium products, with a focus on producing anodes and recycling magnesium alloys. The company operates significant recycling plants in Germany and Romania, and serves markets in Europe and North America, particularly in the electronic anode sector for heat pump systems.
Average Trading Volume: 17,416
Technical Sentiment Signal: Sell
Current Market Cap: A$13.96M
For an in-depth examination of MGL stock, go to TipRanks’ Overview page.