par Loop Industries, Inc. (NASDAQ:LOOP)
Loop Industries Reports Second Quarter Fiscal 2027 Results and Announces Plan to Expedite Development of India Facility
MONTRÉAL, QC / ACCESS Newswire / October 15, 2026 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our") a clean technology company that has developed patented and proprietary processes to recycle low-value waste polyethylene terephthalate (PET) plastic and polyester fiber into virgin-quality PET resin, today reported its consolidated financial results for the second quarter of fiscal year 2027 and provided a status update on its commercial development project in India.
Infinite Loop™ India: Optimizing scale to Support Faster Execution
Loop's planned first commercial facility in India has been rescaled to a capacity of 45 kilotonnes per annum (KTA), following an engineering review intended to reduce the project's estimated capital requirement and support a more focused development plan:
| â | Lower Capital Requirement: Reducing the scale of the facility will directly lower the overall facility cost, decreasing both our debt and equity financing needs. Toyo Engineering India Private Limited is completing a comprehensive analysis to finalize the updated cost estimate. |
| â | Shorter Timeline: The streamlined capacity allows for a more efficient capital-raising process and faster construction. The project target timeline is for construction completion by the end of 2028, with startup and commissioning scheduled for 2029. |
| â | Attractive Return on Investment: The facility is positioned to deliver high returns due to the advantages of Loop's unique technology, which combines virgin quality product with low operating costs, together with being located in a low-cost environment in India that offers access to plentiful textile waste. | |
| â | Multi-Facility Plan: This is the first of two facilities planned for the India site. The second facility is expected to be larger than the first and is planned to be developed following the successful start-up of the initial facility. |
Special Committee Update
| â | Comprehensive Financing Strategy: The Special Committee, formed by the Board of Directors in September 2026, is actively engaged in working with advisors dedicated to securing capital to fund Loop's portion of the equity needed to finance the India JV. | |
| â | Exploring All Options: The committee is evaluating a full spectrum of financing alternatives, including equity, debt, and non-dilutive options to optimize capital structure and support long-term growth. |
Financial highlights
Cash operating expenses* for the second quarter were $1.6 million, a decrease of $0.8 million year-over-year. At August 31, 2026 the Company reported total available liquidity of $1.9 million. Loop continues to seek capital to fund its expected equity contribution to the India joint venture (JV) and its ongoing pre-commercial operating expenses. The timing and amount of any financing, engineering-services revenue, or licensing revenue remain subject to execution, financing availability, and the progress of the Company's projects; there can be no assurance that these sources will be sufficient to fund operations through commercial start-up.
*Cash operating expenses are defined as research & development and general & administrative expenses, less stock-based compensation expenses.
CEO Comment
"We continue to refine our commercial roadmap with a focus on disciplined capital allocation and project execution," said Daniel Solomita, Founder and CEO of Loop Industries. "Rescaling the planned India facility to 45 KTA is intended to lower the project's capital requirement while retaining the benefits of regional feedstock availability and a lower-cost operating environment. Alongside our advancing partnership in Europe, Loop is building a highly scalable, economically attractive foundation for global growth."
About Loop Industries
Loop Industries is a clean technology company whose mission is to accelerate the shift from fossil fuels to sustainable PET plastic and polyester fiber. Loop owns patented and proprietary technology that depolymerizes waste PET plastic and polyester fiber - including bottles, packaging, carpets and textiles - into their base building blocks. Those monomers are filtered, purified and polymerized into virgin-quality Loop™ branded PET resin for food-grade packaging and polyester fiber. Loop's technology is designed to recycle PET plastic and polyester fiber repeatedly without quality degradation, helping brands meet sustainability goals and reduce reliance on virgin fossil-based materials.
Corporate Update Call
Loop's senior management will host a corporate update call and question-and-answer session to discuss the Company's second quarter fiscal 2027 results and provide an update on its commercial strategy and project development activities.
Date: Friday, October 16, 2026
Time: 8:45 am Eastern Time
Participant Dial-In Numbers:
International: +1 585 542-9983
United States & Canada (Toll-Free): +1 833 461-5787
Conference ID: 859 424 795
Participants are encouraged to pre-register using the link below to avoid wait time and receive a unique PIN for expedited access to the call:
Registration Link: https://registrations.events/direct/Q4I3922772
Additional international dial-in numbers are available through the registration portal using Conference ID 859 424 795
Results of Operations
All monetary amounts are in thousands of U.S. dollars unless otherwise specified.
The following table summarizes our operating results for the three-month periods ended August 31, 2026 and 2025, in thousands of U.S. Dollars.
| Three months ended August 31, | ||||||||||||
| Change | ||||||||||||
| 2026 | 2025 | favorable / (unfavorable) | ||||||||||
Revenues | ||||||||||||
Services | 117 | - | 117 | |||||||||
Total revenues | 117 | - | 117 | |||||||||
Cost of services | ||||||||||||
Cost of services | 113 | - | (113 | ) | ||||||||
Total cost of services | 113 | - | (113 | ) | ||||||||
Expenses | ||||||||||||
Research and development | ||||||||||||
Employee compensation | 247 | 597 | 350 | |||||||||
Stock-based compensation | 98 | 32 | (66 | ) | ||||||||
Plant and laboratory operating expenses | 117 | 149 | 32 | |||||||||
External engineering | 4 | 6 | 2 | |||||||||
Other | 74 | 59 | (15 | ) | ||||||||
Total research and development | 540 | 843 | 303 | |||||||||
General and administrative | ||||||||||||
Employee compensation | 342 | 423 | 81 | |||||||||
Stock-based compensation | 331 | 248 | (83 | ) | ||||||||
Professional fees | 416 | 612 | 196 | |||||||||
Insurance | 111 | 423 | 312 | |||||||||
Other | 278 | 165 | (113 | ) | ||||||||
Total general and administrative | 1,478 | 1,871 | 393 | |||||||||
Loss on equity accounted investment | 431 | 43 | (388 | ) | ||||||||
Depreciation and amortization | 83 | 96 | 13 | |||||||||
Interest and other financial expenses | 460 | 419 | (41 | ) | ||||||||
Interest income | (6 | ) | (70 | ) | (64 | ) | ||||||
Foreign exchange loss (gain) | 6 | 2 | (4 | ) | ||||||||
Total expenses | 3,105 | 3,204 | 99 | |||||||||
Net loss | $ | (2,988 | ) | $ | (3,204 | ) | $ | 216 | ||||
Second Quarter Ended August 31, 2026
Revenues
Revenues for the three-month period ended August 31, 2026, increased $117 to $117, as compared to $0 for the same period in 2025. The revenues of $117 for the three month period ended August 31, 2026 resulted from engineering services provided to the India JV.
Cost of Services
Cost of Services for the three-month period ended August 31, 2026 increased $113 to $113 compared to $0 for the same period in 2025.
Research and Development
Research and development expense for the three-month period ended August 31, 2026, decreased $303 to $540, as compared to $843 for the same period in 2025. The decrease was primarily attributable to a $350 decrease in employee compensation expenses, a $32 decrease in plant and laboratory expenses, partially offset by a $66 increase in stock compensation.
General and administrative expenses
General and administrative expenses for the three-month period ended August 31, 2026, decreased $393 to $1,478, as compared to $1,871 for the same period in 2025. The decrease was primarily attributable to a $312 decrease in insurance expenses, a $196 decrease in professional fees, partially offset by a $113 increase in other miscellaneous expenses and $83 increase in stock compensation.
Interest and other financial expenses
Interest and other financial expenses increased by $41 for the three-month period ended August 31, 2026.
Net Loss
The net loss for the three-month period ended August 31, 2026, decreased $216 to $2,988, as compared to $3,204 for the same period in 2025. This decrease was primarily due to the decrease of $303 in research and development expenses, a decrease of $393 in general and administrative expenses. These decreases were partially offset by the increase of $388 in equity investment, decrease of $64 in interest income and increase of $41 in interest and other financial expenses.
Six Months Ended August 31, 2026
The following table summarizes our operating results for the six-month periods ended August 31, 2026 and 2025, in thousands of U.S. Dollars.
| Six months ended August 31, | ||||||||||||
| 2026 | 2025 | Change | ||||||||||
Revenues | ||||||||||||
Products | $ | - | $ | 8 | $ | (8 | ) | |||||
Services | 296 | 244 | 52 | |||||||||
Total revenues | 296 | 252 | 44 | |||||||||
Cost of services | ||||||||||||
Cost of services | 292 | 114 | (178 | ) | ||||||||
Total cost of services | 292 | 114 | (178 | ) | ||||||||
Expenses | ||||||||||||
Research and development | ||||||||||||
Employee compensation | 496 | 1,187 | 691 | |||||||||
Stock-based compensation | 556 | 344 | (212 | ) | ||||||||
Plant and laboratory operating expenses | 298 | 383 | 85 | |||||||||
External engineering | 13 | 61 | 48 | |||||||||
Other | 138 | 127 | (11 | ) | ||||||||
Total research and development | 1,501 | 2,102 | 601 | |||||||||
General and administrative | ||||||||||||
Employee compensation | 730 | 992 | 262 | |||||||||
Stock-based compensation | 852 | 311 | (541 | ) | ||||||||
Professional fees | 659 | 974 | 315 | |||||||||
Insurance | 266 | 876 | 610 | |||||||||
Other | 545 | 366 | (179 | ) | ||||||||
Total general and administrative | 3,052 | 3,519 | 467 | |||||||||
Loss on equity accounted investment | 750 | 345 | (405 | ) | ||||||||
Depreciation and amortization | 167 | 197 | 30 | |||||||||