Loop Industries (LOOP) Q3 2026 earnings summary

Executive summary

• Secured Nike as anchor customer for the India facility through a multi-year, fixed-price, take-or-pay supply contract, with additional offtake agreements in negotiation and commercial discussions ongoing with other brands.

• Progressed construction of the Infinite Loop India facility, remaining on budget and on schedule, with detailed engineering awarded to Toyo Engineering and strong project management partnerships.

• Advanced partnership with Reed Management/Société Générale Group for a European plant, with site selection narrowed to Germany and anticipated engineering revenues upon project commencement.

• Appointed Spencer Hart as CFO, leveraging his capital markets experience to support financing and global expansion.

• Launched Twist™, a new branded circular polyester resin made from textile waste, expanding product offerings.

Financial highlights

• Quarterly revenue rose to $86,000 from $52,000 year-over-year, driven by engineering services to the India JV.

• Net loss for the quarter narrowed to $2.94 million from $11.91 million year-over-year, mainly due to lower R&D and G&A expenses and the absence of a prior-year impairment charge.

• Cash operating expenses for the quarter were $2.2 million, a year-over-year decrease of $1.1 million.

• Total liquidity at quarter-end was $7.7 million, with $5.2 million in cash and $2.5 million available under an undrawn credit facility.

• For the nine months ended November 30, 2025, revenue was $338,000 (vs. $81,000 prior year), net loss was $9.60 million (vs. $21.94 million prior year).

Outlook and guidance

• Construction of the India facility is scheduled for completion in Q4 2027, aligning with new European regulations mandating recycled content in textiles by 2028.

• Anticipates closing debt financing for the India project in the coming months, with project schedule on track and detailed engineering underway.

• Expects to be cash flow positive at the corporate level through licensing and engineering fees before plant operations begin.

• Ongoing efforts to secure additional financing through equity, debt, licensing, and government incentives, with current liquidity insufficient for the next twelve months.

• Anticipates engineering revenues and milestone licensing payments from the European project once the site is secured.