Cardup wins AUD 4 million restart package. Brickworks stock left ASX in 2025

Published on 10/20/2026 at 02:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The restart plan includes AUD 3 million upfront and two AUD 500,000 incentives. Brickworks stock became private after the September 23, 2025 merger.

Cardup restart changes Brickworks

AUD 4 million in government assistance was announced on September 29, 2026.
The Cardup plan includes 17 million Maxibricks within 12 months of relaunch.
The Brickworks and Soul Patts merger was implemented on September 23, 2025.

Brickworks, AU000000BKW4, Illustration mit AI erstellt.

Brickworks (AU000000BKW4) is tied to an AUD 4 million package announced on September 29, 2026 to restart its Cardup facility in Western Australia. The company became privately held after its merger with Soul Patts was implemented on September 23, 2025, according to Soul Patts.

Cardup package sets the peg

The Western Australian government package includes AUD 3 million upfront for recommissioning, plus two AUD 500,000 incentives. One incentive is linked to resuming production by March 2027, while the other covers delivery of 17 million Maxibricks within 12 months of the restart, The Urban Developer reported on October 1, 2026.

The assistance targets Austral Brickworks at Cardup, which Brickworks owns. The plant had been mothballed since April 2023, and the package is designed to increase Western Australia's brick supply by 10 to 15 percent as builders face rationing.

What does the restart mean?

The immediate investor angle is operational rather than a new listed-company earnings forecast. The planned 17 million Maxibricks provide a measurable output target, while the 10 to 15 percent production estimate gives the restart a clear regional supply benchmark.

Ownership changed in 2025

The merger changed Brickworks from an ASX-listed holding into an asset inside Soul Patts' private companies and real-assets portfolio. Soul Patts reported that Brickworks Building Products became its largest private-company investment and that AUD 400 million of Brickworks real-estate exposure was retained in real assets in fiscal year 2026, according to its investor overview.

When does production resume?

The next concrete operating date is March 2027, when the first AUD 500,000 incentive requires Austral to resume production. The separate target of 17 million Maxibricks applies during the following 12 months, according to Your Local Examiner.

Brickworks now sits privately

For investors tracking the old Brickworks security, the key distinction is structural: the Cardup project is a business development story, while the former ASX-listed equity was absorbed through the September 2025 combination. The package therefore offers a concrete production milestone rather than a new public-market quotation.