• Revenue up 1.8% to $92.3 million
• Net loss of $32.8 million due to intangible asset amortization and impairment
• Underlying net profit of $2.5 million excluding one-off items

Close the Loop Ltd reported a 1.8% increase in revenue to $92.3 million for the half year ended 31 December 2025. However, the company reported a net loss of $32.8 million, which was impacted by the amortization of intangible assets of $6.2 million and an impairment of intangible assets of $23.2 million. Excluding these one-off items, the company reported an underlying net profit of $2.5 million. The company's EBITDA from continuing operations decreased by 23% to $9.3 million compared to the previous corresponding period. This was due to an unfavourable shift in the consumer electronics business mix in the resource recovery division and the ramp up of the full operating capacity of the Mexicali facility. The company's packaging businesses achieved 18% organic sales growth compared to the previous corresponding period. The European business continued to expand its multi-vendor collection program, while the South African and Australian packaging businesses also performed well. The company has identified potential divestment opportunities for non-core business units, but no binding agreements have been entered into at the time of reporting.