Aduro Clean Technologies (ACT) Q1 2026 earnings summary

Executive summary

• Advanced construction and began commissioning of the Next Generation Process (NGP) Pilot Plant, with site preparation and system integration milestones achieved.

• Initiated global site selection for a Demonstration Plant, focusing on Canada, Europe, and Mexico.

• Completed initial testing of synthetic turf waste as a feedstock for Hydrochemolytic Technology (HCT), demonstrating adaptability to complex materials.

• Strengthened leadership with the appointment of a new COO and expanded industry partnerships, including joining the Plastics Industry Association.

• Launched marketing and investor awareness initiatives to increase visibility ahead of pilot plant commissioning.

Financial highlights

• Q1 2026 revenue was $44,500, a 19% decrease year-over-year due to non-recurring customer evaluation projects.

• Loss from operations increased to $6,325,018, up 157% year-over-year, driven by higher non-cash share-based compensation, derivative liability revaluation, R&D, and corporate expenses.

• Adjusted EBITDA was $(2,254,384), compared to $(1,746,748) in Q1 2025.

• Cash position at August 31, 2025, was $15.09 million, up 117% from Q4 2025, following a successful U.S. public offering.

• Property, plant, and equipment carrying cost rose to $6.7 million, reflecting capital work in progress for the NGP Pilot Plant.

Outlook and guidance

• Focus remains on completing NGP Pilot Plant commissioning and advancing demonstration-scale planning.

• Fiscal discipline will be maintained while investing in R&D and strategic growth initiatives.

• Commissioning data from the pilot plant will inform the design and engineering of the Demonstration Plant.