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

MONTREAL, Sept. 16, 2025 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX:GRA), a world-leading graphene company, today reported financial results for the year ended June 30, 2025.  

All amounts in this press release are in Canadian dollars, unless otherwise stated.

Key Financial Highlights Q4-2025

• Total revenues of $31,685,923 compared to $38,125,566 last year, representing a 17% decrease;
• Adjusted gross margin⁽¹⁾ on revenues from customers of 24.7% compared to 23.6% last year;
• Loss of $2,295,472 compared to $2,421,110 last year;
• Adjusted EBITDA⁽²⁾ of $2,475,379 compared to $2,488,304 last year;
• Adjusted EBITDA⁽²⁾ of $2,697,655 compared to $3,329,793 last year for the Advanced Materials, Plastics and Composite Products segment;
• Adjusted EBITDA⁽²⁾ loss of $222,276 compared to $841,489 last year for the Battery Cells and Materials segment;
• Total liquidity of $28,587,960 as at June 30, 2025, including cash and cash equivalents of $18,587,960;
• Total long-term debt of $4,312,924 as at June 30, 2025, down by $2,033,579 compared to June 30, 2024.

Key Financial Highlights Fiscal Year 2025

• Total revenues of $128,918,388 in 2025 compared to $129,992,368 in 2024, representing a 1% decrease;
• Adjusted gross margin⁽¹⁾ on revenues from customers of 22.3% in 2025 compared to 21.1% in last year;
• Loss of $9,657,120 compared to $11,665,006 last year;
• Adjusted EBITDA⁽²⁾ of $6,122,283 compared to $2,519,134 last year;
• Adjusted EBITDA⁽²⁾ of $6,847,826 in 2025 compared to $5,176,437 last year for the Advanced Materials, Plastics and Composite Products segment;
• Adjusted EBITDA⁽²⁾ loss of $725,543 in 2025 compared to $2,657,303 last year for the Battery Cells and Materials segment.

Overview

Pedro Azevedo, Chief Financial Officer, said: “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⁽²⁾ 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, said: “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.”

* Non-IFRS Measures

The Corporation prepares its results and financial information determined under IFRS. However, the Corporation considers certain non-IFRS financial measures as useful additional information in measuring the financial performance and condition of the Corporation. These measures, which the Corporation believes are widely used by investors, securities analysts and other interested parties in evaluating the Corporation’s performance, do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should they be construed as an alternative to financial measures determined in accordance with IFRS. Non-IFRS measures include “Adjusted EBITDA” and “Adjusted gross margin”.

The following tables provide a reconciliation of IFRS “Loss” to Non-IFRS “Adjusted EBITDA” and of IFRS “Gross margin” to Non-IFRS “Adjusted Gross margin” for the three-month periods and for the years ended June 30, 2025 and 2024.

IFRS “Loss” to Non-IFRS “Adjusted EBITDA”