Aduro Clean Technologies Reports Second Quarter Fiscal 2026 Results and Provides Business Update

LONDON, Ontario, Jan. 15, 2026 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or the “Company“) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21^st century, announced that it has filed its interim condensed consolidated financial results for the three and six months ended November 30, 2025, and is pleased to provide the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars.

“During the second fiscal quarter of 2026, Aduro achieved several key operational and planning milestones as we continued to execute on our scale-up roadmap,” said Ofer Vicus, Chief Executive Officer of Aduro. “We advanced the commissioning of our Next Generation Process Pilot Plant and made progress on the Demonstration Plant program, including advancing work on a global site-selection process for the future location of the Demonstration Plant. These steps support our ongoing technical and engineering work as we prepare for the next phase of development.”

“Subsequent to quarter-end, we significantly strengthened the Company’s capital position with the completion of a U.S. public offering raising gross proceeds of approximately US$20 million, providing additional flexibility to support planned activities across the business,” said Mena Beshay, Chief Financial Officer of Aduro. “The proceeds from the public offering will be directed primarily toward advancing the Demonstration Plant program, as well as continued investment in research and development and general corporate purposes.”

Second Quarter Fiscal 2026 – Financial Highlights (three and six months ended November 30, 2025)

• Quarterly revenue for Q2 2026 was $122,706, a net increase of 222% compared to $38,143 in Q2 2025. Year-to-date revenue for the six-months ending November 30, 2025, was $167,206, a net increase of 80% compared to $93,143 during the six-months ending November 30, 2024. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of the evaluation projects. Quarter-over-quarter differences reflect the balance of the Company resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs.
• Loss from operations was $6,461,987 for Q2 2026, compared to $3,114,712 for Q2 2025. Year-to-date loss for the six-months ending November 30, 2025, was $12,787,005 compared to $5,577,244 for the six-months ending November 30, 2024. This increase was primarily driven by higher non-cash share-based compensation, a non-cash loss resulting from the revaluation of the Company’s derivative financial liability, increased research and development and technology scale-up activities, the hiring of additional employees to support growth, marketing and public relations expenditures, and additional corporate expenses associated with the Company’s Nasdaq listing.
• Adjusted EBITDA was $(3,299,026) for Q2 2026, compared to $(1,887,750) for Q2 2025. Year-to-date adjusted EBITDA for the six-months ending November 30, 2025, was $(5,553,410) compared to $(3,634,498) for the six-months ending November 30, 2024.
• As at November 30, 2025, the carrying cost of property, plant, and equipment was $8.9 million compared to $5.1 million at Q4 2025 representing an increase of $3.8 million. This was primarily driven by capital work in progress related to the construction of the Company’s NGP Pilot Plant.
• The Company maintained a strong cash position with $13.04 million at November 30, 2025, compared to $6.96 million in Q4 2025. Subsequent to November 30, 2025, Aduro received gross proceeds of approximately US$20 million from the closing of an underwritten U.S. public offering, further strengthening the Company’s balance sheet.

Reconciliation of Adjusted EBITDA (Non-GAAP) to Loss from Operations (GAAP)