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Highlights
NanoXplore reported fiscal 2025 revenues of CAD 128.9 million, a 1% decrease from last year.
Adjusted EBITDA increased to CAD 6.1 million, up from CAD 2.5 million in fiscal 2024.
Net loss narrowed to CAD 9.7 million from CAD 11.7 million last year.
NanoXplore Inc. (TSX:GRA) (OTCQX:NNXPF), a world-leading graphene company, announced its financial results for the fourth quarter and fiscal year ended June 30, 2025.
In Q4 2025, total revenues stood at CAD 31.7 million, down 17% compared to CAD 38.1 million in the same quarter of 2024. The adjusted gross margin on revenues from customers improved to 24.7% compared to 23.6% last year.
The company reported a quarterly net loss of CAD 2.3 million, compared with a loss of CAD 2.4 million in the prior year. Adjusted EBITDA came in at CAD 2.5 million, almost unchanged from CAD 2.5 million last year.
By segment, the Advanced Materials, Plastics, and Composite Products unit posted adjusted EBITDA of CAD 2.7 million compared to CAD 3.3 million in the same period last year. The Battery Cells and Materials unit reported an adjusted EBITDA loss of CAD 0.2 million, an improvement over the loss of CAD 0.8 million last year.
As of June 30, 2025, NanoXplore reported total liquidity of CAD 28.6 million, including CAD 18.6 million in cash and cash equivalents. The company reduced its total long-term debt to CAD 4.3 million, down by CAD 2.0 million compared to the prior year.
Fiscal 2025 Overview
For the full fiscal year 2025, NanoXplore recorded total revenues of CAD 128.9 million, slightly lower than the CAD 130.0 million reported in fiscal 2024. The adjusted gross margin improved to 22.3% from 21.1% last year, reflecting higher efficiency and cost management.
Net loss for the year was CAD 9.7 million, compared with CAD 11.7 million in fiscal 2024. Adjusted EBITDA rose significantly to CAD 6.1 million from CAD 2.5 million last year.
The Advanced Materials, Plastics, and Composite Products segment generated adjusted EBITDA of CAD 6.8 million, compared to CAD 5.2 million in the prior year. Meanwhile, the Battery Cells and Materials segment reported an adjusted EBITDA loss of CAD 0.7 million, showing a marked improvement from the CAD 2.7 million loss recorded last year.
Company Profile
NanoXplore is a Montreal-based graphene company that manufactures and supplies high-volume graphene powder for industrial and transportation markets. The corporation also offers standard and custom graphene-enhanced plastic and composite products across various industries, including packaging, electronics, and transportation.
In addition, NanoXplore is advancing silicon-graphene-enhanced lithium-ion batteries designed for electric vehicles and grid storage applications. The company operates manufacturing facilities in Canada, the United States, and Europe.
