MONTREAL, Quebec — February 10, 2026 — Leads & Copy — NanoXplore Inc. (TSX: GRA and OTCQX: NNXPF), a graphene company, has released its financial results for the three- and six-month periods ending December 31, 2025.
All figures are in Canadian dollars unless otherwise noted.
Key financial highlights for Q2 2026 include total revenues of $27,580,290, a 17% decrease compared to $33,120,886 last year. The adjusted gross margin on customer revenues was 21.5%, slightly up from 21.3% the previous year.
The corporation reported a loss of $3,836,406, compared to a loss of $2,894,922 last year. Adjusted EBITDA was $224,355, down from $1,102,050 last year. For the Advanced Materials, Plastics and Composite Products segment, adjusted EBITDA was $180,967, compared to $1,319,926 last year.
The Battery Cells and Materials segment saw an adjusted EBITDA of $43,388, a turnaround from an adjusted EBITDA loss of $217,876 last year. Total liquidity stood at $40,144,435 as of December 31, 2025, including $30,144,435 in cash and equivalents. Total long-term debt was $13,922,418, an increase of $9,609,494 since June 30, 2025.
President & Chief Executive Officer Rocco Marinaccio noted that fiscal Q2 represented an inflection point for NanoXplore, with sequential improvements in revenue, margins, and adjusted EBITDA. He cited the on-time and on-budget installation of their dry-process graphene platform and new customer program launches as positioning the company for a stronger second half and long-term shareholder value creation. A strategic decision was made not to pursue the previously contemplated $100 million active anode material initiative.
Chief Financial Officer Pedro Azevedo reported that after a challenging fiscal Q1, Q2 saw revenue growth and a return to positive adjusted EBITDA. Volumes from the company’s two largest customers stabilized, and new revenues from CP Chem and Club Car began to show visible results. The company will continue to build on momentum from new customers to deliver continued financial improvement.
NanoXplore reports its financials in two segments: Advanced Materials, Plastics and Composite Products, and Battery Cells and Materials.
Revenues from customers decreased from $32,636,947 in Q2-2025 to $26,928,115 in Q2-2026, mainly due to lower volume and tooling revenues. Other income increased from $483,939 in Q2-2025 to $652,175 in Q2-2026, due to grants and refundable tax credits received for Research & Development (“R&D”) programs.
The adjusted EBITDA for Advanced Materials, Plastics and Composite Products decreased from $1,319,926 in Q2-2025 to $180,967 in Q2-2026. This was primarily due to a decrease in adjusted gross margin on revenues from customers. The adjusted EBITDA loss for Battery Cells and Materials improved from $217,876 in Q2-2025 to an adjusted EBITDA of $43,388 in Q2-2026, attributed to increased revenues from customers and other income.
For the six-month periods, revenues from customers decreased from $65,964,016 in the last year period to $49,915,032 in the current period, mainly due to lower volume and tooling revenues. Other income increased from $822,284 in the last year period to $1,107,909 in the current period, due to grants and refundable tax credits received for R&D programs.
The adjusted EBITDA for Advanced Materials, Plastics and Composite Products decreased from $2,832,030 in the last year period to an adjusted EBITDA loss of $1,137,791 in the current period. The adjusted EBITDA loss for Battery Cells and Materials improved from a loss of $605,681 in the last year period to $27,955 in the current period.
NanoXplore will host a live webcast tomorrow, February 11, 2026, at 10:00 am EST to review these results. The webcast can be accessed at https://edge.media-server.com/mmc/p/gyrnvgit.
NanoXplore manufactures graphene powder for transportation and industrial markets. The Corporation also supplies graphene-enhanced plastic and composite products. Additionally, it manufactures silicon-graphene-enhanced Li-ion batteries. Headquartered in Montreal, Quebec, NanoXplore has manufacturing facilities in Canada, the United States, and Europe.
Source: NanoXplore
