Aduro Clean Technologies (ACT) Q4 2025 earnings summary

Executive summary

• Advanced construction of the NGP Pilot Plant, with commissioning set for September 2025, and expanded feedstock testing, including synthetic turf, drawing industry interest.

• Deepened customer engagement and industry presence through new partnerships and association memberships, positioning for technology scalability.

• Maintained financial discipline while investing in scale-up, supported by a strong balance sheet and successful equity financing.

Financial highlights

• Q4 2025 revenue was $74,670, down 27% from Q4 2024; annual revenue for FY2025 was $231,212, a 31% decrease year-over-year.

• Loss from operations increased to $3.72 million in Q4 2025 (from $1.79 million in Q4 2024) and $12.15 million for FY2025 (up 63% from FY2024).

• Cash position at year-end was $6.96 million, up 147% from $2.81 million in 2024, bolstered by a US$9.2 million public offering post-year-end.

• Property, plant, and equipment rose to $5.1 million, reflecting investment in research and pilot plant construction.

Outlook and guidance

• Commissioning of the NGP Pilot Plant is scheduled to begin in September 2025, with phased integration and initial operating campaigns to follow.

• Additional resources from recent financing will support ongoing R&D and commercialization efforts.