Calix Limited (ASX: CXL), an industrial technology company, reported strong revenue growth and progress in decarbonisation initiatives in its latest financial year. The company’s Magnesia business unit saw significant revenue growth, supported by expanded customer demand in both Australia and North America. During the year, Calix executed its largest-ever U.S. water treatment customer contract, expected to generate up to $10 million in additional annual revenue.
Material actions and disclosures
Calix’s Magnesia business unit strengthened its Australian customer base through new and expanded long-term contracts. The company’s Leilac technology aims to deliver economic and flexible pathways for cement and lime producers to reduce costs and emissions while enhancing productivity and resilience. Calix’s Sustainable Processing applications are designed to enable low-carbon, low-waste, and value-added metal and mineral products, supporting improved resource utilisation and more efficient supply chains.
Forward commitments
Looking ahead, Calix aims to continue growing revenue and gross profit in its Magnesia line of business, focusing on customer service, operational reliability, and disciplined expansion. The company also plans to progress paid test campaigns and customer-funded development in Sustainable Processing, aiming for a final investment decision for the Zesty Green Iron Demonstration Plant. Leilac will continue to focus on commercialisation through capital-light, customer-funded projects and partnerships.
Calix’s mission remains to transform the way industry makes the world’s essential materials, more competitively today and future-proof for a sustainable tomorrow.