Nano One Materials (NANO) Q2 2025 earnings summary

Executive summary

• Net assets totaled $23.2 million and working capital was $22.8 million as of Q2 2025, with $23.0 million in cash and equivalents.

• Received $3.6 million in non-dilutive government funding in Q2 2025, with $25.0 million in reimbursements remaining over two years.

• Net loss for Q2 2025 was $2.8 million, with government grants partially offsetting operating expenses.

• Began trading on the U.S. OTCQB under ticker "NNOMF" to enhance U.S. investor access.

• All matters at the May 2025 AGM were approved, including director elections and auditor appointment.

Financial highlights

• Cash and cash equivalents stood at $23.0 million at quarter-end.

• $2.6 million decrease in total assets from Q1 2025 due to operating, capital, and lease payments.

• $3.6 million in government funding received in Q2, following $26.5 million in Q1 (including sale and leaseback proceeds).

Outlook and guidance

• Positioned for U.S. growth through ALTA participation and readiness for large-scale expansion.

• Multi-jurisdictional strategy leverages the Candiac Facility as a hub for U.S. and Canadian growth.

• Ongoing focus on process innovation, supply chain resilience, and licensing growth strategy.