Key points
- FY26 revenue of $125.6m, up 6% year-on-year
- Gross profit increased to $46.2m, up 25% year-on-year
- Net debt reduced to $18.3m, a 52% reduction post-year-end
- Reconfirmed FY27 EBITDA guidance of $14m to $16m
- Focus on execution, growth, and profitability in FY27
Full summary
Close the Loop Limited, a leader in the circular economy, has reported its financial results for the full year ended 30th June 2026. The company completed a strategic reset, exiting underperforming businesses, reducing debt, and strengthening its business foundation. Key financial highlights include a 6% increase in revenue to $125.6 million, a 25% increase in gross profit to $46.2 million, and a significant reduction in net debt to $18.3 million. The Packaging Division was a standout performer, while the Resource Recovery Division is being restructured. The company is now focused on execution, sustainable earnings growth, and shareholder value creation in FY27.
Guidance
FY27 EBITDA guidance of $14 million to $16 million, representing growth of approximately 13% to 30% on FY26 EBITDA
Outlook
Close the Loop plans to focus on growing quality businesses, improving profitability, and reducing debt in FY27, with initiatives to enhance productivity through AI and automation.