Questor Announces Second Quarter Results

Executive Summary

• Questor Technology Inc. reported strong financial results for the second quarter ended June 30, 2025, marking a significant turnaround from the previous year with positive profitability and adjusted EBITDA.
• Revenue nearly tripled year-over-year, driven by growth in international equipment sales and a strategic focus on diversifying revenue streams globally, particularly in sustainable energy regions.
• The company highlighted operational progress on its 1500kW waste heat to power prototype, which is nearing completion with commissioning scheduled for Q3 2025 and field deployment expected in Q4 2025.

Key Details

• Revenue: $3,023,053 for the three months ended June 30, 2025 (up from $870,360 in 2024); $5,382,340 for the six months ended June 30, 2025 (up from $1,601,978 in 2024).
• Gross Profit: $1,589,838 for Q2 2025 (up from $42,156 in 2024); $2,769,730 for the six months ended June 30, 2025 (up from $254,431 in 2024).
• Gross Profit Margin: 53% for Q2 2025 (vs. 5% in 2024) and 51% for the six-month period (vs. 16% in 2024).
• Adjusted EBITDA: Positive $871,374 for Q2 2025 (vs. negative $721,640 in 2024); Positive $1,347,026 for the six months ended June 30, 2025 (vs. negative $1,199,225 in 2024).
• Net Profit: $363,147 for Q2 2025 (vs. loss of $966,246 in 2024); $713,326 for the six months ended June 30, 2025 (vs. loss of $1,603,005 in 2024).
• Profit Per Share: $0.01 basic and diluted for Q2 2025 (vs. $(0.03) in 2024); $0.03 for the six months ended June 30, 2025 (vs. $(0.06) in 2024).
• Balance Sheet Highlights (as of June 30, 2025):
  • Working Capital: $7,160,102
  • Total Assets: $24,685,522
  • Total Equity: $21,852,523
• Operational Update: Construction of the 1500kW waste heat to power prototype is nearing completion; final testing is underway with commissioning scheduled for Q3 2025 and field deployment expected in Q4 2025.
• Corporate Action: The Board of Directors approved the issuance of 682,928 Deferred Share Units (DSUs) to independent directors as part of annual compensation for fiscal years 2024 and 2025. Each of the four directors received DSUs valued at $70,000, vesting after one year, with a grant date fair value of $0.41 per unit.
• Strategic Context: The company is focusing on global diversification, with high-profile projects scheduled for commissioning in the Middle East and North Africa (MENA) regions in Q3 and Q4 2025. Partnerships include OilSERV (Iraq), Ar-Rahman Technical Services (Nigeria), Hoerbiger (Latin America), and JHJ/GSM Carso (Mexico).

Notable Quotes

• "The overall increase in revenue was primarily driven by growth in international equipment sales, commensurate with the Company’s strategic focus on diversifying revenue streams globally."
• "The global regulatory landscape for emissions is rapidly evolving... As a result, Questor is seeing significant global interest in our technology solutions to help address these critical challenges."
• "Questor’s innovative combination of clean combustion and waste heat-to-power technology enables our clients to meet these commitments at a net-zero cost, while having a positive impact on the community."