Australia's Carbonxt Group surges on deal with Reworld

Carbonxt

13/10/2026 04:31

** Shares of Carbonxt Group CG1.AX jump as much as 8.6% to A$0.08, their highest level since August 28
** Stock on course to log its best session since October 1
** Cleantech firm secures an expanded agreement to supply powdered activated carbon to sustainable waste solutions provider, Reworld
** Under the deal, four additional Reworld US waste-to-energy facilities will transition to Carbonxt from January 1, 2027 
** Adds it now expects FY27 revenue to be at least 40% higher than FY26 
** About 160,000 shares change hands, 1.7 times the 30-day avg
** Stock is down 34% YTD
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))