Cleantek Industries Inc. Reports Strong Third Quarter 2025 Results

Executive Summary

• Revenue grew 18% YoY to C$3.28 M, driven by higher equipment rentals and international sales.
• EBITDA more than doubled (+105%) to C$1.14 M; adjusted EBITDA was flat year‑over‑year at C$0.99 M.
• Net income swung to a profit of C$0.35 M from a loss of C$0.21 M in Q3 2024, reflecting stronger top‑line performance and lower non‑cash charges.

Key Details

• Revenue: C$3,282 k (Q3 2025) vs. C$2,779 k (Q3 2024) – ↑ 18%.
• Gross Profit: C$1,889 k; gross margin 58% (down from 62% due to mix shift and higher transportation costs).
• EBITDA: C$1,135 k vs. C$553 k YoY – ↑ 105%; EBITDA margin ≈ 35%.
• Adjusted EBITDA: C$985 k vs. C$1,006 k YoY – ↓ 2% (impacted by asset disposal gain/loss and unrealized FX).
• Net Income: C$352 k profit vs. C$(211) k loss YoY – ↑ C$563 k.
• EPS (basic & diluted): $0.01 per share versus $(0.01) last year.
• Capital Expenditures: C$746 k in Q3 2025, up from C$114 k in Q3 2024 – reflecting accelerated investment in equipment and lighting assets.
• Working Capital Deficit: (C$919 k) at September 30 2025, improved from (C$1,939 k) year‑end 2024.
• Non‑Current Debt: C$7,145 k as of September 30 2025 (long‑term debt C$6,403 k + lease liabilities C$743 k).

Notable Quotes

“Our Q3 results again emphasize the strength of our business model and our ability to execute in what continues to be a softer North American market,” – Riley Taggart, President & CEO.

The release includes extensive non‑IFRS reconciliations, forward‑looking statements, and company background, which have been omitted for brevity.