Aduro Clean Technologies (ACT) Q2 2026 earnings summary

Executive summary

• Achieved key operational milestones, including commissioning of the Next Generation Process (NGP) Pilot Plant and progress on the Demonstration Plant program, with global site selection underway.

• Strengthened capital position post-quarter with a US$20 million public offering to support demonstration plant, R&D, and corporate activities.

• Initiated engineering trials and collaborations to advance technology scale-up and market engagement.

Financial highlights

• Q2 2026 revenue was $122,706, up 222% year-over-year; six-month revenue was $167,206, up 80%.

• Loss from operations for Q2 2026 was $6,461,987, more than double the prior year; six-month loss was $12,787,005.

• Adjusted EBITDA for Q2 2026 was $(3,299,026), compared to $(1,887,750) in Q2 2025; six-month adjusted EBITDA was $(5,553,410).

• Cash position at November 30, 2025, was $13.04 million, up from $6.96 million at Q4 2025.

• Property, plant, and equipment carrying cost increased to $8.9 million, driven by NGP Pilot Plant construction.

Outlook and guidance

• Proceeds from the public offering will primarily fund the Demonstration Plant program, R&D, and general corporate purposes.

• Final site selection for the Demonstration Plant anticipated by end of January 2026.

• Ongoing engineering trials and collaborations to inform equipment design and integration for demonstration-scale operations.