Earnings

NanoXplore Reports Results for its Q2-2026

By The Northwire Desk — AI Analysis Feb 10, 2026 · 16:46 GRA · 2.46 NANOXPLORE INC. J

GRA · Price

NanoXplore reported Q2‑2026 revenues of C$27.58 M, a 17% decline year‑over‑year, and posted a net loss of C$3.84 M.
Adjusted EBITDA turned positive at C$224 K versus a loss of C$1.10 M in Q2‑2025, driven by improved performance in the Battery Cells & Materials segment.
Total liquidity stood at C$40.14 M as of 31 Dec 2025, while long‑term debt increased to C$13.92 M, up C$9.61 M from June 2025.

Revenue: C$27,580,290 (Q2‑2026) vs. C$33,120,886 (Q2‑2025), ‑17%.
Adjusted Gross Margin: 21.5% of revenue (up from 21.3% YoY).
Net Loss: C$3,836,406 (Q2‑2026) vs. C$2,894,922 (Q2‑2025).
Adjusted EBITDA: C$224,355 (Q2‑2026) vs. a loss of C$1,102,050 (Q2‑2025).
Segment – Advanced Materials, Plastics & Composite Products:
Revenue: C$27,292,893 (down 18% YoY).
Adjusted EBITDA: C$180,967 vs. C$1,319,926 prior year (‑86%).
Segment – Battery Cells & Materials:
Revenue: C$287,397 (up 2,395% YoY).
Adjusted EBITDA: C$43,388 vs. a loss of C$217,876 prior year (turnaround).
Liquidity: Cash & cash equivalents C$30,144,435; total liquidity C$40,144,435 as of 31 Dec 2025.
Debt: Long‑term debt C$13,922,418, an increase of C$9,609,494 since 30 Jun 2025.
Other Income: Increased to C$652,175 (Q2‑2026) from C$483,939 (Q2‑2025), driven by R&D grants and refundable tax credits.
Cost of Sales: C$21,145,796 (Q2‑2026) vs. C$25,685,206 (Q2‑2025).
Non‑operational Items: Professional fees for debt renegotiation and prospectus-related costs contributed C$(116,000) in Q2‑2026.
Depreciation & Amortization: C$3,132,964 (Q2‑2026).

Rocco Marinaccio, President & CEO: “Fiscal Q2 marked an important inflection point… our on‑time and on‑budget installation of the dry‑process graphene platform plus new customer program launches position us well for a stronger second half.”
Pedro Azevedo, CFO: “After a challenging fiscal Q1, I am pleased with our Q2 performance delivering sequential revenue growth along with a return to positive adjusted EBITDA… we will continue to build on the momentum generated by new customers.”

Full MD&A and consolidated financial statements for the three‑month and six‑month periods ended 31 Dec 2025 are available at www.nanoxplore.ca.
A webcast reviewing these results is scheduled for 11 Feb 2026, 10:00 am EST; replay will be posted on the Investor Relations website.

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