NU E Power (NUE) Q3 2025 earnings summary

Executive summary

• Completed acquisition of Blu Dot Systems Inc. and development-stage assets from ACT Mid Market Ltd., expanding renewable and digital infrastructure portfolio.

• Lethbridge One solar project began generating power in early 2025; other projects delayed due to regulatory changes in Alberta.

• No revenue recognized in 2025 due to development hold; net loss of $501,080 for Q3 and $1,479,247 for nine months ended September 30, 2025.

Financial highlights

• Revenue for Q3 and nine months ended September 30, 2025: $0, compared to $103,998 and $471,432 in 2024.

• Net loss for Q3 2025: $501,080; nine months: $1,479,247.

• General and administrative expenses for Q3 and nine months: $520,280 and $1,451,105, respectively.

• Cash balance at September 30, 2025: $2,503; net working capital deficit: $1,615,975.

• Raised $780,525 in private placements and $100,000 from debt-for-shares during nine months ended September 30, 2025.

Outlook and guidance

• Additional capital required to fund ongoing and future solar project development and corporate activities.

• Long-term viability depends on successful project development and access to financing.

• Regulatory clarity in Alberta expected to influence timing and progress of future projects.