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How Close the Loop’s $32.8M Loss Masks Underlying Growth and Strategic Shifts
9:52am on Monday 23rd of February, 2026 AEDT
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Recycling and Packaging
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How Close the Loop’s $32.8M Loss Masks Underlying Growth and Strategic Shifts
9:52am on Monday 23rd of February, 2026 AEDT
Key Points
Half-year revenue up 1.8% to $92.3 million
Net loss of $32.8 million largely due to $23.2 million impairment and $6.2 million amortisation
EBITDA declined 23% to $9.3 million amid operational challenges
Packaging division achieves 18% organic sales growth
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