Calix reports record revenue of $39.2M in FY26

• Calix reported record full-year revenue of $39.2 million following a 40% expansion in its Magnesia business.
• The company reduced operating costs by 24% and slashed cash capital expenditure by 80% to $2.1 million.
• Management focused on a capital-light commercialisation strategy to trim cash outflows across heavy industry decarbonisation projects.

Calix (ASX:CXL) reported a 16% increase in full-year revenue and other income to $39.2 million for the period ended June 30, driven by growth in its core industrial divisions.

The result compares to total revenue of $33.9 million recorded in the previous financial year, supported by $14.2 million.

Operating costs decreased by 24% to $30 million while annual operating cash outflows shrank by $11.4 million.

The company closed the financial period holding $9.8 million in cash and cash equivalents prior to receiving the subsequent $5.7 million.

Following the announcement, the Calix share price was down at $0.28.

Calix develops core kiln technologies designed to process minerals and industrial materials while capturing carbon emissions.