Loop Industries Reports $3.2 Million Net Loss for Quarter, Revenue Declines to $0

Loop Industries, Inc. reported its financial results for the three and six months ended August 31, 2025, revealing a net loss of $3.2 million for the quarter, a decrease from a loss of $4.8 million in the same period last year. For the six-month period, the company recorded a net loss of $6.7 million, down from $10 million in the prior year. Revenue for the quarter was $0, a decline from $23,000 in the previous year, while total revenue for the six months increased to $252,000, compared to $29,000 in the same period last year, primarily driven by engineering services.

The company’s total expenses for the three months ended August 31, 2025, were $3.2 million, down from $4.9 million in the same quarter of 2024. This reduction was attributed to lower research and development expenses, which fell to $843,000 from $1.9 million, and a decrease in general and administrative expenses, which dropped to $1.9 million from $2.6 million. The decrease in expenses reflects the completion of upgrades at the Terrebonne Facility and reduced legal costs associated with partnerships.

Loop Industries is advancing its strategic initiatives, including the establishment of a joint venture in India with Ester Industries to build an Infinite Loop™ manufacturing facility, which is expected to produce 70,000 tons of Loop branded PET resin annually. The company has also launched Twist™, a new circular polyester resin made entirely from textile waste, and entered into several offtake agreements with major brands, including a leading sports apparel company and Taro Plast, to supply its recycled materials once the India facility becomes operational.

As of August 31, 2025, Loop Industries had total assets of $13.3 million, down from $18.6 million at the end of February 2025. The company’s cash and cash equivalents stood at $7.3 million, with additional liquidity available through an undrawn credit facility of $2.5 million. The company continues to monitor its cash resources to ensure it can meet its obligations for at least the next twelve months. Looking ahead, Loop Industries is focused on securing additional funding to support its ongoing operations and the construction of its manufacturing facilities, while pursuing opportunities for technology licensing and engineering services to enhance its revenue streams.