Management said reopening the Belleville facility hinges on completing MECP-ordered repairs and securing significant funding, estimating about USD 4 million needed over 12 months.
Fiscal 2025 results
Susglobal Energy posted a net loss of USD 5.69 million for fiscal 2025, narrowing from USD 7.86 million a year earlier.
Revenue fell to USD 32,240 from USD 79,886, with 2025 sales entirely from carbon credits after it stopped accepting waste on Jan. 10, 2024.
Net loss from continued operations improved to USD 5.69 million from USD 6.29 million, while other expenses widened to USD 2.72 million from USD 386,248.
Balance sheet and liquidity
Cash slipped to USD 67, while current liabilities rose to USD 40.45 million and the working capital deficit widened to USD 40.42 million.
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