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MONTREAL, Sept. 15, 2026 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported its financial results today for the year ended June 30, 2026.
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All amounts in this press release are in Canadian dollars, unless stated otherwise.
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KEY FINANCIAL HIGHLIGHTS Q4-2026
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- Total revenues of $33,905,991 compared to $31,685,923 last year, representing a 7% increase;
- Adjusted gross margin(1) on revenues from customers of 22.5% compared to 24.7% last year;
- Loss of $1,568,324 compared to a loss of $2,295,472 last year;
- Adjusted EBITDA(2) of $1,908,431 compared to $2,475,379 last year;
- Adjusted EBITDA(2) of $2,049,773 compared to $2,697,655 last year for the Advanced Materials, Plastics and Composite Products segment;
- Adjusted EBITDA(2) loss of $141,342 compared to $222,276 last year for the Battery Cells and Materials segment;
- Total liquidity of $30,048,438 as at June 30, 2026, including cash and cash equivalents of $25,048,438;
- Total long-term debt of $10,554,435 as at June 30, 2026, higher by $6,241,511 compared to June 30, 2025.
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KEY FINANCIAL HIGHLIGHTS FISCAL YEAR 2026
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- Total revenues of $117,276,309 compared to $128,918,388 last year, representing a 9% decrease;
- Adjusted gross margin(1) on revenues from customers of 21.3% compared to 22.3% last year;
- Loss of $11,827,981 compared to a loss of $9,657,120 last year;
- Adjusted EBITDA(2) of $1,922,206 compared to $6,122,283 last year;
- Adjusted EBITDA(2) of $2,149,114 compared to $6,847,826 last year for the Advanced Materials, Plastics and Composite Products segment;
- Adjusted EBITDA(2) loss of $226,908 compared to $725,543 last year for the Battery Cells and Materials segment.
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FINANCIAL OUTLOOK
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Based on the visibility we have today and the various initiatives in progress or that will begin to produce returns during the year, we anticipate total revenues for fiscal year 2027 between $130M and $140M. In addition, we expect revenues for fiscal year 2028 between $160M and $170M.
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OVERVIEW
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Rocco Marinaccio, President & Chief Executive Officer, stated: “After a challenging start to the year, I am pleased overall with our fiscal year 2026 performance. During the year, we had to mitigate significant volume drop by adjusting our operating cost structure while also launching new programs, managing material price increases and setting up a new plant. The entire team delivered great results in a challenging context. Fiscal year 2026 was also a transformative year for NanoXplore. We are in the strongest position we have ever been as a Company — a solid balance sheet, a robust $35 million pipeline of graphene-enhanced Solutions business launching over the next 18 months, and an innovative new product launch in our D Series graphene that is opening entirely new, high-margin markets for the Corporation. In the past year we launched our state-of-the-art facility in Statesville, North Carolina, supplying Club Car, formalized our partnership with Chevron Phillips Chemical, supplying an innovative lubricant additive for the oil and gas industry, and achieved our best safety record in Company history, reducing our total recordable injury frequency by two-thirds. Looking ahead, we see high-margin opportunities commercializing in fiscal year 2027 across insulating foams, thin films, and drilling fluids. We have also sharpened VoltaXplore’s strategy around the market where our cell technology is most differentiated and where we can capture the most value: supplying high-performance cells to defence and other high-power, high-energy applications such as UAVs — a fast-growing North American market with very few domestic suppliers. Combined with the stability of our graphene-enhanced Solutions business, we anticipate fiscal 2027 revenue growth between 11-20%, with revenues between $130 million and $140 million, and expect to deliver positive free cash flow — which would represent record highs for NanoXplore.”
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(1) Adjusted gross margin is a non-IFRS measure and a reconciliation can be found in the “Overall Results” section.
(2) Adjusted EBITDA is a non-IFRS measure and a reconciliation can be found in the “Overall Results” section.
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BUSINESS UPDATE
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During the year ended June 30, 2026, the Corporation continued to focus on developing markets for its graphene products as well as downstream pre-mixed additives, masterbatches, concentrates and products that facilitate customer adoption. In this regard, the Corporation has been successful integrating GrapheneBlack® into multiple product streams, both internally and externally, and has also advanced its D-Series dry-processed graphene platform for applications where different graphene characteristics are required. Through this market development work, the Corporation has determined that a single graphene product is not expected to deliver optimal performance across all applications, and that tailoring graphene characteristics to specific end-use requirements is an important differentiator of its manufacturing platform. The Corporation continues to engage with potential customers who are validating GrapheneBlack®, D-Series graphene, and related graphene-enhanced masterbatches, concentrates, and products.