Aduro Clean Technologies posted a GAAP operating loss of CAD 12.43 million in Q4, worsening 235% from a year earlier.
Revenue fell to no revenue in Q4 from CAD 74,670 a year earlier; FY revenue dropped 28% to CAD 167,206.
GAAP operating loss for FY widened 121% to CAD 26.85 million, driven by higher non-cash share-based compensation and derivative revaluation losses.
Non-GAAP adjusted EBITDA loss in Q4 narrowed 10% to CAD 2.41 million; FY adjusted EBITDA loss widened 31% to CAD 10.74 million.
Balance sheet and operations update
Cash climbed to CAD 38.3 million at May 31, 2026; property, plant and equipment more than doubled to CAD 8.36 million.
Management cited progress in NGP pilot campaigns, FOAK planning at Chemelot, and commercialization pathways via offtake, licensing and downstream validation.