NanoXplore Reports Results for its Q4-2025 and Full year 2025

Executive Summary

• NanoXplore Inc. reported financial results for the fiscal year ended June 30, 2025, showing a slight decrease in total revenues but a significant improvement in profitability metrics.
• For the full year, total revenues decreased by 1% to $128.9 million, while Adjusted EBITDA more than doubled to $6.1 million compared to the prior year.
• The company reported a net loss of $9.7 million for FY2025, an improvement from the $11.7 million loss in FY2024, driven by cost controls and improved gross margins in its Advanced Materials segment.

Key Details

• Q4-2025 Financial Highlights:
  • Total revenues: $31,685,923 (down 17% from $38,125,566 in Q4-2024).
  • Adjusted gross margin: 24.7% (up from 23.6% in Q4-2024).
  • Net loss: $2,295,472 (improved from $2,421,110 in Q4-2024).
  • Adjusted EBITDA: $2,475,379 (slightly down from $2,488,304 in Q4-2024).
  • Liquidity: $28,587,960 as of June 30, 2025, including $18,587,960 in cash and cash equivalents.
  • Long-term debt: $4,312,924 (down $2,033,579 from June 30, 2024).
• Fiscal Year 2025 Financial Highlights:
  • Total revenues: $128,918,388 (down 1% from $129,992,368 in FY2024).
  • Adjusted gross margin: 22.3% (up from 21.1% in FY2024).
  • Net loss: $9,657,120 (improved from $11,665,006 in FY2024).
  • Adjusted EBITDA: $6,122,283 (up significantly from $2,519,134 in FY2024).
• Segment Performance (FY2025):
  • Advanced Materials, Plastics and Composite Products:
    • Revenues: $128,243,848 (down 1% from $129,964,625).
    • Adjusted EBITDA: $6,847,826 (up 32% from $5,176,437).
    • Improvement driven by improved productivity, favorable US dollar exchange rates, and cost control.
  • Battery Cells and Materials:
    • Revenues: $674,540 (up 2,331% from $27,743).
    • Adjusted EBITDA loss: $725,543 (improved from a loss of $2,657,303).
    • Improvement driven by decreased SG&A and R&D expenses.
• Operational Updates:
  • Q4 revenues increased 7% sequentially from Q3-2025, primarily due to higher tooling revenues.
  • Other income increased significantly year-over-year, attributed to grants and refundable tax credits for R&D programs.
  • CEO Soroush Nazarpour highlighted progress with prospective new customers and the upcoming opening of the U.S. facility.
  • Collaboration continues with a major partner in the oil and gas sector to develop market-specific products for lubricity in drilling fluids.

Notable Quotes

• Pedro Azevedo, Chief Financial Officer: “After strong sales in the first half of the year, the second half was disappointing due to the macroeconomic environment in the United States. Nevertheless, while sales were similar to the previous year, our adjusted EBITDA more than doubled. In addition, although less visible in the sales figures, collaboration with our partners on graphene usage and adoption has continued and remains a key strategic focus for NanoXplore.”
• Soroush Nazarpour, President & Chief Executive Officer: “Our fourth quarter results highlight our strong execution despite a challenging business environment. As we enter FY2026, we are encouraged by the progress with prospective new customers, the upcoming opening of our U.S. facility as well as the continued work in close collaboration with a major partner in the oil and gas sector to develop a market-specific product for lubricity in drilling fluids that can also deliver impactful results across multiple industrial applications. Overall, we are pleased with our FY2025 performance and look forward to the next stage of NanoXplore’s growth.”