Loop Industries Reports Reduced Net Loss for Six Months Ended August 31, 2025

Reuters10-16

Loop Industries Reports Reduced Net Loss for Six Months Ended August 31, 2025

Loop Industries Inc. reported a net loss of $6.65 million for the six months ended August 31, 2025, a decrease from a net loss of $10.03 million for the same period in 2024. The reduction in net loss was primarily due to a $1.99 million decrease in general and administrative expenses and a $1.97 million decrease in research and development expenses. These were partially offset by a $0.66 million increase in interest and other financial expenses and a $0.35 million increase in loss on equity accounted investment. The company also announced new offtake agreements for its Infinite Loop India facility and strategic alliances to support circular polyester initiatives, as well as the acquisition of a 93-acre site in India and progress on project financing for its India facility. Progress was also reported on the commercialization timeline for its Europe project. The weighted average common shares outstanding for the period was 47,769,800.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Loop Industries Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1087356) on October 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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