Loop Industries reported its fourth quarter and full year fiscal 2025 results, highlighting significant revenue generation from strategic activities. The company generated $10.8 million in revenue during Q4, primarily from the sale of its first technology license to Reed Societe Generale Group and engineering services provided to the India Joint Venture.
The company provided an update on its progress towards the groundbreaking of the India project, indicating that it is advancing on multiple fronts. An engineering study by TATA Consulting Engineers Ltd. confirmed the estimated total investment cost for the India facility at $176 million, including continuous polymerization, financing, and land acquisition. Loop's equity contribution is projected to be in the $25 million to $30 million range.
Loop also reported a significant reduction in cash operating expenses for Q1 Fiscal 2026, which were $2.6 million, a 46% reduction compared to the same quarter last year. This was achieved through decreased external engineering expenses and professional fees. The company is actively evaluating opportunities to secure the remaining $15 million equity funding gap for the India project.
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