Australia's Carbonxt hits six-month high on positive FY26 outlook

Carbonxt

31/07/2025 05:52

** Shares of Carbonxt Group CG1.AX rise as much as 6% to A$0.071, hitting their highest level since January 24

** Cleantech firm sees stronger financial performance in FY26 from cost reductions and improved product mix

** Says EBITDA remained positive in each month across H2 FY25

** says its U.S.-based manufacturing operations position co to benefit from potential changes in trade policy, including proposed expansions of tariffs on imported activated carbon products

** YTD, stock down 1.4%, including session's gains

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))