Loop Industries Rescales India Facility and Reports Q2 Fiscal 2027 Financial Results

Loop Industries, Inc. reported its financial results for the second quarter of fiscal year 2027, which ended on August 31, 2026. The company announced that its planned commercial facility in India has been rescaled to a capacity of 45 kilotonnes per annum (KTA). This change was made to reduce the project’s estimated capital requirement and support a faster development timeline. The company stated that construction is targeted for completion by the end of 2028, with startup and commissioning scheduled for 2029. The facility is expected to be the first of two planned for the India site, with the second facility anticipated to be larger.

Loop Industries noted that a Special Committee, formed by the Board of Directors in September 2026, is actively evaluating financing alternatives to support the India joint venture. The committee is exploring a range of options, including equity, debt, and non-dilutive strategies, to optimize the capital structure. As of August 31, 2026, the company reported total available liquidity of $1.9 million. The company continues to seek capital to fund its expected equity contribution to the India joint venture and ongoing pre-commercial operating expenses.

For the three-month period ended August 31, 2026, the company reported total revenues of $117,000, derived entirely from engineering services provided to the India joint venture. The net loss for the quarter was $2,988,000, a decrease of $216,000 compared to the same period in the prior year. The company reported a net loss per share of $0.06 for the quarter. The decrease in net loss was primarily attributed to a decrease in research and development expenses and general and administrative expenses.

For the six-month period ended August 31, 2026, total revenues increased to $296,000, compared to $252,000 for the same period in the prior year. This increase was driven by engineering services provided to the India joint venture. The net loss for the six-month period was $6,372,000, a decrease of $279,000 compared to the prior year. The company’s balance sheet as of August 31, 2026, showed total assets of $6,373,000, with cash and cash equivalents totaling $836,000.