Tonernews.com, August 25, 2026. USA
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Australian recycling and sustainable packaging company Close the Loop Limited (ASX: CLG) has delivered a major financial turnaround in FY26, returning to profitability with NPATA of $1.4 million after recording a $5.4 million loss the previous year. Following a year of significant portfolio restructuring, the company reported margins expanding by 5.7 percentage points while debt fell 29%, signaling stronger operational performance and an improving balance sheet. Investors responded positively to the August 24, 2026 announcement, pushing Close the Loop shares up 5.26% to approximately A$0.04. The results represent encouraging news for the recycling industry and suggest Close the Loop’s restructuring efforts may finally be delivering the profitable, leaner business investors have been waiting to see.
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