• Revenue of $195.1m, down 7% from prior year
• Underlying EBITDA of $18.4m, down 59% from prior year
• Underlying NPATA of $7.8m, down 70% from prior year
• Net debt increased 26% to $53.4m

Close the Loop Limited (ASX: CLG), the circular economy industry leader, has today released its results for the full year ended 30th June 2025. Key financial highlights include revenue of $195.1m, down 7% from the prior year, underlying EBITDA of $18.4m, down 59% from the prior year, and underlying NPATA of $7.8m, down 70% from the prior year. Operating cash flow was $11.8m, down 63% from the prior year, and net debt increased 26% to $53.4m. The company's recycling operations, particularly the Information Technology Asset Disposition (ITAD) business in North America, experienced a product mix shift that impacted revenue and EBITDA. The packaging business delivered single-digit revenue growth but weaker than expected EBITDA due to one-off costs. Management has identified five key strategic initiatives to improve financial performance in FY26, including improving cash conversion, maintaining packaging performance, increasing ITAD volumes, expanding OEM relationships, and improving cost efficiencies.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics.

Management has outlined five key strategic initiatives to improve the company's financial performance in FY26, including improving cash conversion, maintaining packaging performance, increasing ITAD volumes, expanding OEM relationships, and improving cost efficiencies.