Aduro Clean Technologies (ACT) Q1 2027 earnings summary

Executive summary

• Advanced NGP Pilot Plant campaigns, FOAK engineering at Chemelot, feedstock development and commercial engagement; operating data is informing process and project decisions.

• Completed U.S. public offering and Canadian private placement, strengthening resources for pilot operations, FOAK work, R&D and commercialization.

Financial highlights

• Q1 FY2027 income from operations was $1,202,141 vs. a $6,325,018 loss in Q1 FY2026; improvement was primarily driven by a non-cash derivative-liability revaluation gain and lower share-based compensation.

• Excluding non-cash items and other income, Adjusted EBITDA was a loss of $2,734,587 vs. a loss of $2,254,384 YoY.

• Revenue was nil vs. $44,500 YoY; customer-evaluation revenue is non-recurring and varies with project timing and scope.

• Cash was $65.7M at Aug. 31, 2026, up 72% from $38.3M at May 31, 2026; net financing proceeds of ~ $28.9M were partly offset by operating and investing cash use.

• Net PP&E was $8.94M at Aug. 31, 2026, up 7% from $8.36M at May 31; gross PP&E reached $10.8M, driven by FOAK, NGP and facility investment.

Outlook and guidance

• Planned FOAK Plant at Chemelot is designed for 10,000 metric tonnes per year; Saipem Early Works covers process-design review, equipment optimization, utility integration and capital-cost refinement.

• Longer NGP campaigns and increasingly representative waste-plastic feedstocks are planned; pilot data is intended to guide equipment, controls and FOAK engineering.

• Saipem work may progress to FEED and later project phases, subject to Early Works completion, continued evaluation and definitive agreements.

• Capital is intended for FOAK design, engineering and construction, R&D, technology development, commercialization, working capital and general corporate purposes.