Quarterly ResultMay 28, 2026, 06:07 AM
Loop Industries FY26 Net Loss $(12.3)M; India Project Cost Cut to $165-170M
AI Summary
Loop Industries reported a full-year fiscal 2026 net loss of $(12.3) million, an improvement from $(15.1) million in fiscal 2025, primarily due to reduced impairment charges and operating expenses, despite a significant drop in revenue. The company made progress on its global expansion, notably reducing the estimated capital cost for its India facility to $165-$170 million and advancing its European project.
Key Highlights
- Full-year FY26 net loss $(12.3)M, an improvement from $(15.1)M in FY25.
- Full-year FY26 revenues $514K, down from $10.89M in FY25.
- Q4 FY26 net loss $(2.7)M, compared to net income of $6.88M in Q4 FY25.
- India project capital cost reduced to $165-$170M from prior $190M estimate.
- India JV secured MoU with Gujarat government; debt financing progressing.
- European JV selected BASF Industriepark Lausitz, Germany, for its first facility.
- Received C$2.92M non-repayable funding from NRC IRAP through Oct 2027.
- Cash and cash equivalents $2.36M at FY26 end, down from $12.97M in FY25.
Price Impact
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