Northstar Clean Technologies (ROOF) Q4 2025 earnings summary

Executive summary

• 2025 marked a transitional year with the construction and commissioning of the first commercial facility, Empower Calgary, and the first production and sale of liquid asphalt from recycled shingles.

• Achieved key operational milestones, including 80 tonnes per day processing and a five-year supply contract with the City of Calgary.

Financial highlights

• Reported 2025 revenue of $593,586 and gross profit of $93,439, compared to $640,569 and $68,022 in 2024.

• Net loss widened to $14,751,864 from $9,332,820 year-over-year, reflecting transition to commercial operations.

• Cash and cash equivalents at year-end were $457,094, down from $10,225,904 at the end of 2024.

Outlook and guidance

• Expansion into the United States initiated with Baltimore, Maryland selected as the first US location.

• Focus remains on scaling production and achieving stable, long-term operations at Empower Calgary.