#NewCarbonInvestment

[colitco]

Carbonxt Group December 2024 Quarterly Activities Report: Strategic Progress and Growth

Carbonxt Group Ltd (ASX: CG1) is excited to present its December 2024 Quarterly Activities Report, highlighting key milestones and positioning the company for continued growth.

Key Highlights:

🔹 Kentucky Facility: Achieved mechanical completion as of 18 December 2024, positioning Carbonxt to meet increasing demand in the activated carbon market, including entry into water treatment.

🔹 Fundraising Success: Successfully raised $1.03 million through a share placement, enabling future expansion.

🔹 Cost Management: Achieved $1.5 million in annual operating expense reductions, ensuring positive cash flow in the upcoming quarters.

🔹 Revenue Growth: PAC sales increased by 14% due to new contracts, contributing 68% of total revenue.

🔹 Expansion Strategy: Secured a $24 million contract with ReWorld and new purchase orders from Wisconsin Public Service (WPS) valued at $3.6 million for H2 FY25.

With the Kentucky facility now operational and strong demand for activated carbon solutions, Carbonxt is positioned for significant revenue growth in 2025.

Revenue Overview:

Total Revenue: $3.1M

PAC Sales Contribution: 68%

Future Revenue Guidance: Upgraded 40% for H2 FY25

Current Price: $0.067 AUD

Market Cap: $26.03M

Investor Outlook:

Carbonxt Group, with a share price of $0.067, has laid a solid foundation for robust growth in the coming year. The operational success of the Kentucky facility and strong revenue growth from PAC sales highlight the company’s resilience and potential.

The $24 million contract with ReWorld and $3.6 million orders from WPS further underscore Carbonxt’s strong market positioning and growth trajectory. With a renewed focus on strategic expansion, cost management, and technological innovation, Carbonxt is well-positioned to provide significant value to its shareholders in FY25 and beyond.

Read More - https://announcements.asx.com.au/asxpdf/20250131/pdf/06f1zd9vwx9964.pdf

Disclaimer: This is not investment advice. Please do your own research before making any investment decisions.