SusGlobal Energy Corp. reported a significant decline in financial performance for the fiscal year ending December 31, 2025, with total revenue of $32,340, a decrease of approximately 59% from $79,886 in 2024. The company attributed this drop primarily to the cessation of waste acceptance at its Belleville Facility since January 10, 2024, due to compliance issues with the Ministry of the Environment, Conservation and Parks (MECP). The gross loss for the year was $706,630, compared to a gross loss of $1,212,940 in the previous year. The net loss attributable to common stockholders was $5,686,869, a slight improvement from the $7,859,171 loss reported in 2024.
Operationally, SusGlobal faced several challenges, including a power outage that rendered certain electrical systems inoperable and led to elevated ammonia levels in its composting facility. As a result, the company halted operations to address compliance matters, which are expected to require significant investment and are contingent on securing funding. The company currently has one full-time employee and two independent contractors, a reduction in workforce reflecting its operational scale.
In terms of strategic developments, SusGlobal sold its Hamilton Facility on June 30, 2026, for $7,843,200 (C$10,750,000), which was previously listed for sale at $9,120,000 (C$12,500,000). The sale is part of the company's efforts to address its financial obligations, which include a working capital deficit of $40,416,007 as of December 31, 2025. The company has also been actively seeking new financing options to manage its current liabilities, which total $40,448,765.
The company’s financial position remains precarious, with an accumulated deficit of $52,116,571 as of December 31, 2025. SusGlobal has been in default on several debt instruments, including convertible promissory notes totaling $9,907,272, and mortgages amounting to $9,730,662. The company’s management has expressed substantial doubt regarding its ability to continue as a going concern, emphasizing the need for significant new funding to meet its obligations and achieve profitable operations.
Looking ahead, SusGlobal aims to resume operations at its Belleville Facility by the first quarter of 2027, contingent on completing necessary repairs and securing funding. The company plans to continue developing its portfolio of renewable technologies focused on waste-to-energy solutions and regenerative products, aligning with its mission to contribute to sustainable waste management practices. However, the path forward is fraught with challenges, including the need to navigate ongoing legal and regulatory issues, as well as securing the necessary capital to support its operations and growth strategy.
About SusGlobal Energy Corp.
SusGlobal Energy Corp. specializes in waste-to-energy and regenerative products, focusing on organic waste management, anaerobic digestion, and composting. It provides services to municipalities and commercial clients, converting organic residuals into biogas, fertilizers, and carbon credits. The company leverages proprietary technologies, environmental permits, and a circular economy approach to reduce greenhouse gases and promote sustainable waste solutions globally.
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