We've expanded our supply agreement with Reworld, one of the largest waste-to-energy operators in the US and a long-standing customer. From 1 January 2027, four additional Reworld facilities will start taking our Powdered Activated Carbon, lifting our annual supply to Reworld by around 25%. The extra volumes run through to December 2028 and are expected to add approximately $1.0 million to 2027 revenue, at margins in line with what we're already achieving at Black Birch.

This builds on what we told the market on 15 September, when we flagged FY27 revenue growth of more than 33% on the back of a larger WPS order and a second pellet customer. With the Reworld expansion and other new customer commitments now added, we expect FY27 revenue to be at least 40% higher than FY26. That growth comes entirely from our existing business, assumes an AUD/USD rate of 0.71, and doesn't include anything from Kentucky, which remains upside on top.

To support this growth, we're installing a new mill at Black Birch that will roughly double production capacity there to about 12,000 tons and add redundancy across the site. It's expected to be up and running in the September quarter of FY27, funded from existing cash flow at a cost of approximately $1.1 million.

On Kentucky, replacement kiln parts are due on site this week and testing continues. We'll update the market once that work concludes.

If you have questions about this announcement, we'd encourage you to send them through the question box on this page.

Carbonxt's 2026 Annual General Meeting notice is now available, and it covers a lot of ground, so we wanted to walk you through what matters most.

The headline item is Resolution 16, which asks you to approve Phelbe Pty Ltd, our largest shareholder, increasing its voting power from approximately 12.3% to a maximum of 29.6%. This forms part of a two-stage recapitalisation plan with Phelbe and Pure Asset Management, designed to strengthen our balance sheet as the Kentucky activated carbon facility moves toward commercial production. The independent expert engaged for this resolution, Leadenhall, has concluded the transaction is not fair but is reasonable to non-associated shareholders. We'd encourage you to read the Independent Expert's Report in full before voting.

Alongside this, the meeting covers routine business (adopting the remuneration report, re-electing Matthew Driscoll and Nicholas Andrews as directors), renewal of our Employee Option Plan and proportional takeover provisions, and approval for an additional 10% placement capacity. There are also several resolutions ratifying prior share, convertible note and option issues to Phelbe and Pure, approving new related-party options and shares to our three directors as part of their remuneration, and amendments to option terms to offer Phelbe an early-exercise incentive, subject to an ASX waiver.

Every resolution, its conditions and the board's recommendations are set out in full in the Notice of Meeting, including the voting exclusions that apply to related parties on several items.

The AGM will be held in person on 9 November 2026 at 11.00am (AEDT) in Sydney, with proxies due by 7 November 2026.

If anything here raises a question, we're happy for you to ask it through the question box on this page.

David Mazyck has ceased to be a director of Carbonxt Group, effective 16 September 2026. This is a formal notice required whenever a director leaves the board, setting out the securities he held at that time.

At the date he ceased as director, David held 426,062 fully paid ordinary shares, 5,250,000 unquoted options and 3,000,000 quoted options, all registered in his own name. He had no other relevant interests in securities and no interests in contracts with the company.

This kind of notice is a standard, routine part of company administration. It records a change in board composition and the departing director's holdings at the time, rather than signalling any change to the company's operations or strategy.

If you have questions about this announcement, please get in touch through the question box on this page.

We're letting you know that David Mazyck has resigned from Carbonxt's Board as a Director, effective immediately.

David isn't leaving the business altogether. He'll continue working with Carbonxt as a consultant, so his knowledge and experience remain available to the Company.

Board changes like this are a normal part of a company's life, and we wanted our shareholders to hear about it directly and promptly.

If you have questions about this announcement, please get in touch through the question box on this page.

Wisconsin Public Service, our largest customer, has asked for more Activated Carbon Pellets to support increased operations at its Weston Power Plant. We've supplied WPS since 2016 and hold a long-term contract to keep supplying pellets for the life of that plant, which WPS has said will run until at least 2032.

This one order adds at least 25% to our total FY26 revenue. Combined with increased volumes from a second major customer we flagged in our June 2026 quarterly report, expected to add around $2.0 million in FY27, we now expect FY27 revenue to be more than 33% higher than FY26. We expect gross margins on the extra volume to sit around current levels.

This outlook comes entirely from our existing business. It assumes we deliver the full WPS order and the second customer's increased volumes within FY27, that Powdered Activated Carbon volumes hold steady, and an AUD/USD exchange rate of 0.71. It doesn't include anything from our Kentucky facility, which stays as further upside on top of this.

Production for this order starts straight away at our new Minnesota pellet facility, as we shift production from Arden Hills. That move cost us about two weeks of production and revenue in the September 2026 quarter, which will show up in our first quarter FY27 report, but it cuts monthly operating costs by around US$10,000 and gives us room to expand more cheaply down the track.

As with any forward-looking outlook, actual results may differ from what we expect here, and we'll keep the market updated as required.

If you have questions about this announcement, we'd welcome you raising them through the question box on this page.

Carbonxt has lodged its annual Corporate Governance Statement for the financial year ended 30 June 2026, setting out how the company measures up against the ASX Corporate Governance Council's recommendations.

The short version: Carbonxt follows the large majority of the recommendations in full, and this statement explains where it doesn't, and why.

The main areas of variance are around board and executive performance reviews. Given the company's size, Carbonxt hasn't run a formal, structured performance evaluation process for the board or individual directors this year, and a formal senior executive performance evaluation wasn't conducted in the period either. The board also doesn't have a formal skills matrix, and it isn't majority-independent: it currently comprises two executive directors and two independent non-executive directors, which the board attributes to its reliance on the relationships and expertise those directors bring at this stage of the company's development. The independent Chairman is Matthew Driscoll, separate from Managing Director Warren Murphy.

On the governance fundamentals that matter most to shareholder protections, Carbonxt is fully compliant: continuous disclosure policy, audit and risk committee, remuneration committee, whistleblower and anti-bribery policies, and shareholder participation and voting by poll are all in place and disclosed on the company's website.

None of this reflects a change in the business itself, it's a periodic governance disclosure required of all ASX-listed companies. The full statement, including the board charter, diversity policy and committee charters, is available at www.cglimited.com.au/corporate-governance.

If you'd like to know more about anything in this statement, we welcome your questions through the hub.

FY26 was the year our operating cash flow turned positive. We generated $0.49 million in net cash from operating activities, against a $4.75 million outflow the year before, and receipts from customers grew from $11.6 million to $17.0 million. Our loss before tax narrowed 31.5% to $4.6 million. Revenue in Australian dollars was down 3.1% to $15.7 million, but in US dollars, where nearly all of it is earned, revenue actually rose 1.4%. The difference is exchange rate movement, not underlying demand.

The Kentucky facility remains our biggest near-term milestone. All replacement kiln parts are now on site and being individually re-tested, and the kiln manufacturer has been on site since 24 August finalising electrical works, with all wiring being replaced as a precaution. This project has run later than we hoped, but once operational it's forecast to lift group sales by around 200% over two years and open the door to the liquid-phase market.

After year-end, we agreed a two-stage balance sheet restructure. Stage 1 is done, bringing in A$3.5 million including A$2.0 million of new cash. Stage 2, which could deliver up to A$11 million and cut net debt by around A$5 million, depends on shareholder approval, our share price closing at or above $0.09 for five consecutive days before 31 December 2026, and Kentucky reaching certified operation with its first US$1 million revenue milestone. Shareholders will get to vote on the relevant resolutions at an EGM expected in late September.

We also extended a key ACP customer contract on better pricing, with indicated volume growth worth around $2.0 million to FY27 revenue if it eventuates.

If you have questions about any of this, we'd genuinely like to hear them.

FY26 was a year where our core business kept improving while our growth project, the Kentucky facility, took longer than we'd hoped. Revenue came in at $15,694,000, down 3.1% on last year, largely due to the weaker Australian dollar rather than underlying demand. Our statutory loss narrowed to $4,629,000 from $6,761,000 last year, helped by a $2,262,000 gain on remeasuring royalty payables.

The established business performed well operationally: full-year customer receipts of A$16.99 million, positive net operating cash flow of A$492,000, and gross margins running at roughly 47% for the year. We also locked in commercial wins that support FY27, including a three-year extension on a key customer contract at higher pricing.

Kentucky, our flagship growth asset developed with our partner through NewCarbon Processing, has taken longer than planned due to a kiln equipment issue, now being resolved at the manufacturer's cost. As at the date of the annual report, kiln finalisation is in its final stages. We've also lifted our ownership in that project to 49.4%, moving closer to our 50% target.

After year end, we agreed a two-stage balance sheet restructuring with our two largest financial stakeholders, Phelbe Pty Ltd and Pure Asset Management. Stage 1, worth $3.5 million, has completed. Stage 2 would reduce senior debt from $15.0 million to around $10.0 million, but it's conditional on shareholder approval, a share price hurdle, Kentucky reaching commercial production, and no material adverse change. Our auditors have also flagged a material uncertainty around going concern, which the directors have addressed in the financial statements.

If you'd like to understand any of this in more detail, we welcome your questions through the box on this page.

Good progress to report on our Kentucky facility this week.

All the replacement parts for the kiln have now arrived on-site. Each one is being individually retested at a dedicated testing station before it goes in, and the kiln manufacturer will be on-site the week of 24 August 2026 to finalise the electrical works with our partner Kentucky Carbon Processing. As a precaution, we're also replacing all the wiring associated with these parts. We still expect kiln construction to be completed this quarter, in line with what we told you in our June 2026 quarterly report.

We've also made a further US$250,000 investment in NewCarbon Processing, LLC, our jointly owned Kentucky entity. This is on top of the US$250,000 already disclosed in our 31 July 2026 quarterly report, and it lifts our ownership stake in NewCarbon to 49.4%. Our total investment in NewCarbon now stands at US$9.75 million.

Both of these updates point in the direction we want to be heading: the kiln nearing completion and our position in NewCarbon growing. We'll keep you posted as the electrical works and construction progress through the quarter.

If you have questions about this announcement, we'd encourage you to send them through the question box on this page.

We've narrowed the scope of one part of our balance sheet restructure. The early-conversion discount will not apply to all options on issue, as originally flagged. Instead, it will only apply to the options attached to the convertible notes held by Pure Asset Management and Phelbe Pty Ltd, and we'll only put that to a shareholder vote if ASX first grants the waiver required under Listing Rule 6.23.3.

Work on the broader two-stage restructure is continuing, and we now expect the EGM to be held in late September 2026. This timing still sits comfortably within the deadlines set out in our existing convertible note and financing arrangements, so nothing here changes the overall plan.

Ahead of the meeting, shareholders will receive a Notice of Meeting with full details of the resolutions, along with an Independent Expert's Report. That report is required because converting the notes could take a holder's voting power above 20%, which triggers a specific resolution under the Corporations Act. Phelbe and its associates won't be able to vote on that resolution.

We know restructures like this involve a lot of moving parts, and we'll keep you updated as the documentation progresses. If you have questions about this announcement, please get in touch through the question box on this page.

Carbonxt Group Limited's preliminary final report for the year ended June 30, 2025, shows a 7.1% increase in revenues from ordinary activities, totaling $16,195,340. However, Underlying EBITDA decreased by 85.2%, resulting in a loss of $6,761,392 for the year. There were no dividends paid during this period.

The decrease in loss compared to the prior year can be attributed to the revenue increase and improved gross margins achieved through price increases and operational efficiencies. Revenues grew primarily due to the recovery in volumes from the Group's largest customer after unplanned outages.

While challenges were faced, the company remains focused on revenue growth strategies and operational improvements. We invite investors to inquire further about our financial performance and future outlook.

Date	Headline
13 Oct 2026 9:55 AM	Carbonxt Secures Expanded Reworld Contract
9 Oct 2026 8:41 AM	Notice of Annual General Meeting/Proxy Form
17 Sep 2026 9:18 AM	Appendix 3Z - D Mazyck
17 Sep 2026 9:16 AM	Resignation of Director
15 Sep 2026 9:03 AM	Increased Activated Carbon Pellet Order from WPS
31 Aug 2026 5:49 PM	Appendix 4G and Corporate Governance Statement
31 Aug 2026 5:48 PM	FY26 Results Announcement
31 Aug 2026 5:46 PM	Appendix 4E and Annual Report
18 Aug 2026 9:19 AM	Kentucky Kiln and NewCarbon Investment
18 Aug 2026 9:16 AM	EGM Update

Annual Reports

Investor Presentations