Loop Industries Inc. reported a significant increase in revenues and net income for the fiscal year ended February 28, 2025. Revenues surged to $10.9 million, a substantial rise from $153,000 in the previous year, primarily driven by $10.4 million in licensing revenue from the up-front royalty received from Reed Societe Generale Group. This increase in revenues also incorporated $368,000 from engineering fees and $46,000 from sales of Loop™ PET resin. The company achieved a net income of $6.9 million, a turnaround from the net loss of $5.1 million reported for the same period in 2024. This improvement was largely attributed to the increased revenues and a decrease in expenses, including a $1.7 million reduction in research and development expenses and a $647,000 decrease in general and administrative expenses. However, these gains were partially offset by a $687,000 increase in loss on equity accounted investment and a $511,000 rise in interest and other financial expenses. Loop Industries continues to focus on its commercialization efforts, with the company still in the pre-commercialization stage. As of February 28, 2025, Loop Industries had cash and cash equivalents of $13 million, reflecting the ongoing financial strategies aimed at supporting its operational and expansion plans. The company anticipates incurring additional net losses as it advances its commercialization initiatives.