SusGlobal Energy Corp.

SusGlobal Energy Corp. reported a net income of $1.81 million for the three months ended June 30, 2026, and $296,613 for the six months, a significant improvement from losses in the prior year, primarily driven by a $1.83 million gain on the sale of its Hamilton Facility and $1.19 million in debt forgiveness. Despite this, the company faces substantial doubt about its ability to continue as a going concern, citing a working capital deficit of $32.94 million and an accumulated deficit of $51.82 million. Several long-term debts and convertible promissory notes remain in default, and the Belleville facility ceased waste processing due to non-compliance issues.

SusGlobal Energy Corp. reported zero revenue and a net loss of $(1.52) million for Q1 2026, compared to $6,345 revenue and a net loss of $(1.88) million in Q1 2025. The company faces substantial doubt about its ability to continue as a going concern due to a significant working capital deficit of $(41.17) million and increasing accumulated deficit. Operations at its Belleville facility remain suspended, and it continues to seek financing while facing multiple debt defaults.

SusGlobal Energy Corp. reported significant financial and operational challenges in its annual filing, including defaulting on $9.9 million in convertible notes and $9.7 million in mortgages as of December 31, 2025. The company sold its Hamilton Facility for $7.84 million in June 2026. Its Belleville Facility ceased operations in January 2024 due to regulatory non-compliance, leading to $2.8 million in accrued corrective action costs and a $200,640 fine. Re-opening of the Belleville Facility is anticipated in Q1 2027, contingent on securing significant funding.