Questor Announces Third Quarter Results

Executive Summary

• Questor Technology Inc. reported Q3 2025 unaudited financial results, showing revenue of $0.68 M (down from $1.14 M YoY) and a net loss of $1.26 M for the quarter.
• Adjusted EBITDA turned positive over the nine‑month period ($0.36 M) versus a negative result in the prior year, driven by higher international equipment sales and improved margins.
• The company secured a $9 M three‑year clean‑combustion contract in Mexico and is nearing completion of its 1.5 MW waste‑heat‑to‑power prototype, with commissioning expected Q1 2026.

Key Details

• Quarterly Revenue: $683,085 (Q3 2025) vs. $1,142,710 (Q3 2024).
• Nine‑Month Revenue: $6,065,425 (ended Sep 30 2025) vs. $2,744,688 (ended Sep 30 2024).
• Gross Profit/Loss: Q3 loss of $(161,865); nine‑month gross profit of $2,607,865 (up from $638,005 YoY).
• Adjusted EBITDA: Q3 loss of $(983,245); nine‑month positive $363,782 (vs. negative $(1,455,698) YoY).
• Net Loss: $(1,258,795) for Q3 2025; $(545,469) for the nine‑month period.
• Loss per Share: $(0.05) basic & diluted for Q3; $(0.02) for nine months.
• Working Capital (Sep 30 2025): $7,160,102 (down from $7,570,574).
• Total Assets: $24,685,522; Total Equity: $21,852,523.

Operational Highlights

• Near‑completion of 1,500 kW waste‑heat‑to‑power prototype; final testing underway; commissioning slated for Q1 2026.
• Advancing negotiations for field demonstration of the prototype, targeting deployment in Q2 2026.
• Secured a $9 M three‑year contract to supply clean combustion solutions to a major Mexican energy services provider, aimed at reducing flaring and methane emissions.

Market & Strategic Commentary

• Revenue growth over nine months driven by international equipment sales as part of diversification strategy.
• Q3 revenue decline attributed to longer sales cycles for international projects and commissioning delays on rental units in Mexico.
• Gross margin turned negative in Q3 (‑24%) due to lower sales volumes and fixed operating costs; nine‑month gross margin improved to 43% versus 23% YoY.
• Management emphasizes expanding rental‑fleet capacity, integrating energy recovery, and scaling international presence amid tightening methane regulations.

Notable Quotes

“Methane regulations are tightening worldwide, and industries face growing pressure to demonstrate verifiable emissions reductions… Our patented clean‑combustion and energy‑recovery technologies provide that assurance.” – President, Questor Technology Inc.