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NXT Energy Solutions Announces Third Quarter 2025 Results

By The Northwire Desk — AI Analysis Nov 12, 2025 · 18:47 SFD · 0.38 NXT ENERGY SOLUTIONS INC. J
SFD · Price

Executive Summary

  • NXT Energy Solutions reported a dramatic revenue increase to C$14.21 M YTD 2025 versus C$0.60 M in YTD 2024, driven by African and Southeast Asia SFD® surveys.
  • Net loss narrowed to C$1.08 M YTD 2025 (including a C$5.83 M non‑cash convertible debenture remeasurement charge); excluding the charge, pre‑tax profit would be ≈C$4.75 M.
  • The company deployed a data‑acquisition team to Pakistan for an SFD® survey with AEPL and was named a finalist for the Excellence in Energy – Upstream award.

Key Details

  • Revenue:
  • YTD 2025 SFD®‑related revenue: C$14.21 M (vs. C$0.60 M YTD 2024).

  • Q3 2025 SFD®‑related revenue: C$0.09 M (vs. $0 in Q3 2024).

  • Net Loss:

  • YTD 2025 net loss: C$1.08 M (incl. C$7.97 M total non‑cash charges).

  • Q3 2025 net loss: C$1.78 M (incl. C$0.22 M non‑cash charges).

  • Non‑Cash Accounting Charge:

  • Convertible debenture fair‑value remeasurement loss: C$5.83 M, reflecting share price increase and conversion of ~92.7% of debentures into ≈29.4 M common shares.

  • Liquidity & Cash Flow:

  • Net working capital (Sept 30 2025): C$2.60 M (up C$9.28 M vs. Dec 31 2024).
  • Operating cash flow YTD 2025: +C$0.73 M (vs. –C$2.58 M YTD 2024).

  • Cash & short‑term investments at period end: C$0.95 M.

  • Expenses:

  • G&A expenses increased ~15% YTD 2025 (+C$0.45 M) and ~12% Q3 2025 (+C$0.12 M).

  • Share Metrics:

  • Net loss per share (basic & diluted): $0.01 YTD 2025 vs. $0.08 in YTD 2024; $0.02 Q3 2025 vs. $0.02 Q3 2024.

  • Operational Update:

  • Completed integration phase of Southeast Asia SFD® Survey (July 2025).

  • Deployed data‑acquisition team to Pakistan for AEPL SFD® survey; results expected Q4 2025.

  • Recognition:

  • Finalist for the Excellence in Energy – Upstream category at the 27th Annual Platts Global Energy Awards.

Notable Quotes

“The company's revenue performance for the first nine months of 2025 marks a dramatic turnaround from the prior year… Excluding this non‑cash accounting charge, the Company's pre‑tax operational performance would shift … to a profit of approximately $4.75 M.” – Bruce G. Wilcox, CEO

All figures are presented in Canadian dollars unless otherwise noted.

Read the original news release →

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