Electra posted net income of CAD 9.03 million for Q2 2026, driven mainly by non-cash fair-value adjustments.
US warrant fair-value gain totaled CAD 15.23 million, offset partly by CAD 2.18 million in other non-operating expense tied to FX moves.
Operating expenses rose to CAD 4.02 million from CAD 3.48 million, reflecting higher professional fees and share-based compensation.
Current liabilities fell to CAD 44.48 million from CAD 88.17 million at Dec. 31, 2025, largely due to US warrant revaluation.
Refinery execution remained the core focus, with a US$73 million construction budget targeting commissioning in Q4 2026 and commercial production in Q4 2027.
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