Aduro Clean Technologies swings to net profit of CAD 1.2 million for three months ended August 31, 2026
ADUR•Aduro Clean Technologies reported net income of CAD 1.2 million for the three months ended August 31, 2026, compared with a loss a year earlier. Revenue was nil, while cash and cash equivalents rose to CAD 65.75 million.
1. Quarterly results
Aduro Clean Technologies reported net income of CAD 1.2 million for the three months ended August 31, 2026, versus a loss in the same period a year earlier. Revenue fell to nil from CAD 44,500, and total expenses declined 29% to CAD 3.5 million.
2. Cash and expenses
A CAD 4.24 million gain from remeasurement of a derivative financial liability compared with a CAD 1.55 million loss a year earlier. Cash and cash equivalents increased 72% from May 31, 2026, to CAD 65.75 million at August 31. Management concluded available funds were sufficient for the next twelve months of operations.
