Quality Industrial Posts 45.9% Revenue Growth to $16.3M, Eyes $20M in FY26
Quality Industrial Corp. delivered FY25 revenue of $16.3 million, a 45.9 percent increase year-on-year, gross profit of $4.8 million (+20.8 percent) and non-GAAP adjusted net income of $564,465 versus a $160,774 loss. The subsidiary cut accounts payable by 45 percent, reduced convertible note balances by 13 percent, and targets $20 million revenue in FY26 through UAE expansion.
1. QIND Fiscal Year 2025 Results
For the year ended December 31, 2025, Quality Industrial Corp. generated $16.3 million in revenue, up 45.9 percent from $11.2 million in FY24, achieved gross profit of $4.8 million (+20.8 percent) and reported non-GAAP adjusted net income of $564,465 compared to a $160,774 loss.
2. Governance and Cost Reductions
During FY25, the company restructured its board to three members, settled legacy compensation obligations, and reduced management costs. It also cut accounts payable by 45 percent, wrote off approximately $3.5 million in non-recoverable assets and lowered convertible note balances by 13 percent.
3. 2026 Outlook and Expansion Plans
QIND is targeting approximately $20 million in revenue for FY26, driven by expansion of its UAE subsidiary Al Shola Gas through increased fleet capacity, a growing pipeline of contracted engineering projects and geographic growth into northern emirates, alongside ongoing debt servicing or restructuring efforts.