Carbonxt Group (ASX: CG1): Kentucky Facility Nears Commissioning as Quarterly Sales Surge 50%
Carbonxt Group Ltd (ASX: CG1), a US-focused cleantech company, has delivered a strong September 2025 quarter highlighted by significant progress at its Kentucky activated carbon facility and improved financial performance.
The company has increased its ownership in the Kentucky facility to 45.9%, with kiln construction complete and commissioning in progress. Once operational, the plant is expected to expand group sales by ~200% and enable entry into the fast-growing liquid-phase activated carbon market.
Key Highlights
50% revenue increase: Customer receipts rose to A$5.45M (Q4: A$3.64M).
Positive operating cash flow: A$583k achieved, compared with a loss of A$266k in the prior quarter.
EBITDA positive for each month of 2H FY25, reflecting higher margins and disciplined cost control.
Capital raised: ~A$698k via entitlement offer, A$600k placement, and convertible notes issued to support growth and Kentucky investment.
Strong demand tailwinds: Tightening US EPA PFAS standards driving sustained demand for clean technologies.
Managing Director Warren Murphy commented:
“The Kentucky project is transformational for Carbonxt — it broadens our product base into the liquid-phase segment and strengthens our US presence. Our financial turnaround, underpinned by improved margins and strong customer demand, positions the company for continued growth into FY26.”
📊 Last Price: A$0.093 💰 Market Cap: A$39.68M
Read More - https://colitco.com/carbonxt-group-limited-reports-impressive-q1-fy2026/
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