Loop Industries Inc. has released its first quarter fiscal 2026 results, reporting a significant increase in revenues for the three-month period ended May 31, 2025. Revenues rose to $252,000, up from $6,000 in the same period of 2024. This increase was primarily due to $244,000 in engineering fees and $8,000 from sales of Loop™ PET resin produced at the Terrebonne Facility. The net loss for the quarter decreased to $3.447 million, compared to $5.189 million for the same period in 2024. This improvement in net loss was mainly attributed to a $1.262 million reduction in general and administrative expenses and an $863,000 decrease in research and development expenses, partly offset by a $359,000 increase in interest and other financial expenses and a $302,000 increase in loss on equity accounted investment. Loop Industries is also making progress in its international projects, with advancements in customer off-take agreements for India and the site selection process being finalized for its Indian facility. The company has signed an engineering services agreement for India and is employing a modular construction strategy to reduce capital expenditures and enhance returns for its European and future facilities.
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