LOOP

This article first appeared on GuruFocus. Cash Overhead: Approximately $500,000 per month. Funding from National Research Council of Canada: Approximately $2.9 million Canadian in aggregate. Liquidity: Approximately $3.6 million as of May 31st, including credit facility. Subsidies from State of Gujarat: Eligible for approximately $28 million over an eight-year period. Customer LOI: Signed for 15,000 tons at a fixed price with a leading textile apparel brand. Warning! GuruFocus has detected 5 Warning Signs with LOOP. Is LOOP fairly valued? Test your thesis with our free DCF calculator. Release Date: July 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Loop Industries Inc (NASDAQ:LOOP) is making significant progress on its Infinite Loop India project with joint venture partner Esther Industries, with debt financing well underway. The company has signed a Letter of Intent (LOI) for 15,000 tons at a fixed price with a leading textile apparel brand, indicating strong customer interest. Loop Industries Inc (NASDAQ:LOOP) has applied for and is eligible for approximately $28 million in subsidies from the state of Gujarat, enhancing the project's financial viability. The engineering contract for the Infinite Loop Europe project is expected to provide sufficient cash flow to fund Loop's back-office expenses for the foreseeable future. The company has successfully reduced cash overhead to approximately $500,000 per month, aided by reductions in employee compensation and lower insurance costs. The textile supply chain complexity is causing delays in finalizing long-term contracts, as customers are more accustomed to spot market or short-term agreements. Loop Industries Inc (NASDAQ:LOOP) still needs to secure additional customer contracts to meet the requirements for debt financing. The company has a remaining equity requirement for the Indian Joint Venture, and is exploring non-dilutive financing options, which may pose a challenge. The construction of the Infinite Loop India plant is expected to take 18 months, with additional time required for startup and commissioning, delaying revenue generation. The European project is based on a licensing agreement, meaning Loop Industries Inc (NASDAQ:LOOP) will not inject capital or gain equity, potentially limiting future revenue streams from this project. Q: What are the major steps remaining for the debt financing, and what is the timeline to close the debt facility? A: Daniel Solomita, CEO, explained that the major steps include technical due diligence, which is underway. The debt terms are harmonized at a 70/30 debt-to-equity split, with Loop responsible for 15%. The process is expected to conclude in the fall, aligning with the project breaking ground. Q: Can you provide an update on the customer pipeline and how much capacity is left to sell? A: Daniel Solomita stated that negotiations are ongoing with several leading brands. Once finalized, they will have enough volume sold to begin construction. The textile supply chain complexity is a factor, but demand and pricing are favorable. Q: How much of the 70,000-ton capacity is covered by current contracts and LOIs? A: Daniel Solomita indicated that most of the facility's capacity is locked in through contracts and LOIs. Contracts often include options for additional volumes, and pricing models vary between fixed and index-based. Q: How will Loop fund operating expenses and remaining CapEx over the next 12 months? A: Daniel Solomita mentioned that existing liquidity and engineering contracts will cover ongoing operations. Additional funding will come from a non-dilutive equity or structured debt facility for the Indian Joint Venture. Q: What are the conditions around debt issuance concerning off-take agreements and LOIs? A: Daniel Solomita confirmed that the visibility on customer contracts under negotiation will meet the bank's requirements. The LOI with a major company provides comfort to debt lenders, and additional LOIs are expected. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

GLOBAL APPAREL BRAND SIGNS LOI FOR MULTI YEAR OFFTAKE AGREEMENT FOR INFINITE LOOPINDIA CONTINUED PROGRESS ON INDIA AND EUROPEAN PROJECTLOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON THURSDAY, JULY 15, 2026 MONTREAL, QC / ACCESS Newswire / July 14, 2026 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company," "Loop," "we," "us," or "our"), today reported its consolidated financial results for the first quarter of fiscal year 2027 and provided status updates on its development projects. Infinite Loop™ India Strategic India JV offtake LOI: In June 2026, Loop executed a Letter of Intent (LOI) for an initial multi-year offtake agreement with a major global apparel company. This LOI forms the framework for an ongoing collaboration targeting up to 15,000 metric tons annually of Loop's proprietary PET fiber-grade resin. Engineering continuing for India JV: Toyo Engineering India Private Limited is steadily advancing detailed engineering work for the India facility. Simultaneously, Loop's internal engineering team continues to meet project milestones, generating engineering services revenues for the Company. India JV project debt financing: The debt syndication process to fund construction of the India JV facility has advanced to the technology due diligence phase, representing an important step towards securing project capital. European Partnership with Reed Societe Generale Group Status update: As previously announced, Infinite Loop Europe, our European JV with Reed Societe Generale Group which purchased a license to build a European facility using Loop's technology, has selected BASF Industriepark Lausitz in Schwarzheide, Germany, as the site for its first facility. This location provides a number of benefits including world class industrial infrastructure and a supportive regulatory environment aimed at strengthening the EU plastics recycling sector. The project is moving into the engineering and permitting phase which is expected to generate engineering services revenue for Loop in this fiscal year. Financial highlights Cash operating expenses* for the quarter were $1.6 million, reflecting a year-over-year decrease of $1.0 million. At the end of the third quarter, we had total available liquidity of $3.6 million. The Company remains actively focused on securing the necessary capital to fund its equity contribution for the ELITe India facility as well as ongoing pre-operational expenses. The Company is pursuing a variety of funding options including non-dilutive and strategic alternatives. These capital raising initiatives, along with anticipated engineering revenues derived from the India and Europe projects, are expected to fund Loop's ongoing operations through commercial start-up. *Cash operating expenses include research & development and general & administrative expenses, less stock-based compensation expenses. CEO Comment "Our commercial momentum is continuing as we engage in constructive discussions with leading global apparel and consumer brands eager to secure Loop's virgin-quality polyester," said Daniel Solomita, Founder and CEO of Loop Industries. "This traction is demonstrated by our recent LOI with a major global apparel brand. Although long-term agreements fall outside their standard procurement practices, they executed this LOI to position themselves to secure a portion of our volume and help work towards their stated objectives of reducing their carbon footprint by increasing the recycled content in their products. Concurrently, our engineering teams are driving excellent progress in India and are fully prepared to deploy that expertise as we begin work on our European development." Corporate Update Call Senior Management of Loop will host a corporate update call, followed by a question-and-answer session, to discuss the Company's first quarter fiscal 2027 results and provide an update on recent commercial, strategic and project development activities. Date: Wednesday, July 15, 2026 Time: 8:45 am Eastern Time Participant Dial-In Numbers: United States/International (Toll): +1 646 307-1963 United States & Canada (Toll-Free): +1 800 715-9871 Canada (Toronto): +1 647 932-3411 Conference ID: 39227 Participants are encouraged to pre-register using the link below to avoid wait time and receive a unique PIN for expedited access to the call: Registration Link: https://registrations.events/direct/Q4I3922772 Additional international dial-in numbers are available through the registration portal using Conference ID 39227 Results of Operations All monetary amounts are in thousands of U.S. dollars unless otherwise specified. The following table summarizes our operating results for the three-month periods ended May 31, 2026 and 2025, in thousands of U.S. Dollars. First Quarter Ended May 31, 2026 Revenues Revenues for the three-month period ended May 31, 2026, decreased $73 to $179, as compared to $252 for the same period in 2025. The revenues of $179 for the three-month period ended May 31, 2026 resulted from engineering services provided to the India JV. The revenues of $8 for the three-month period ended May 31, 2025 resulted from engineering services provided to the India JV for $244 and sales of Loop™ PET resin for $8. Cost of Services Cost of Services for the three-month period ended May 31, 2026 increased $65 to $179 compared to $114 for the same period in 2026. Research and Development Research and development expense for the three-month period ended May 31, 2026, decreased $297 to $962, as compared to $1,259 for the same period in 2025. The decrease was primarily attributable to a $341 decrease in employee compensation expenses, a $59 decrease in other, mainly legal fees, a $49 decrease in plant and laboratory expenses, partially offset by a $146 increase in stock compensation. General and administrative expenses General and administrative expenses for the three-month period ended May 31, 2026, decreased $75 to $1,574, as compared to $1,649 for the same period in 2025. The decrease was primarily attributable to a $298 decrease in insurance expenses, a $181 decrease in employee compensation, a $117 decrease in professional fees, partially offset by a $458 increase in employee compensation and $63 increase in other. Interest and other financial expenses Interest and other financial expenses increased by $17 for the three-month period ended May 31, 2026. Net Loss The net loss for the three-month period ended May 31, 2026, decreased $61 to $3,385, as compared to $3,446 for the same period in 2025. This decrease was primarily due to the decrease of $297 in research and development expenses, a decrease of $75 in general and administrative expenses. These decreases were partially offset by the decrease of $95 in interest income, increase of $65 in cost of services, $17 increase in interest and other financial expenses. Loop Industries, Inc.Condensed Consolidated Statements of Operations and Comprehensive Loss(Unaudited) Loop Industries, Inc.Condensed Consolidated Balance Sheets(Unaudited) Loop Industries, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited) About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from its dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging and textiles such as carpets and clothing, into their base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ & Twist™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ & Twist™ PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP." For more information: Please visit www.loopindustries.com Follow Loop on X: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries Follow Twist™ on Instagram: twistbyloop Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about the anticipated timing and development of Loop's projects in India and Europe; expected progress and outcomes related to project debt and equity financing efforts; potential engineering services revenues and milestone payments; and the expected benefits of Loop's offtake agreement with Nike, strategic alliance with Reed Societe Generale Group, and other current or prospective partnerships. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. These risks and other factors include, but are not limited to, those listed under "Risk Factors." Additional factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law. For More Information: Investor Relations: Kevin C. O'Dowd, Investor RelationsLoop Industries, Inc.+1 [email protected] SOURCE: Loop Industries View the original press release on ACCESS Newswire

TERREBONNE, QC / ACCESS Newswire / July 9, 2026 / Loop Industries, Inc. (Nasdaq:LOOP), a clean technology company whose proprietary technology enables the infinite recyclability of PET plastic and polyester fiber, today announced that it will release its financial results for the first quarter of fiscal 2027 after the market closes on Tuesday, July 14, 2026. Management will host a conference call and live webcast on Wednesday, July 15, 2026, at 8:45 a.m. Eastern Time, to discuss the Company's financial results and provide an update on recent commercial, strategic and project development activities. First Quarter Fiscal 2027 Conference Call Details Financial Results Release:Tuesday, July 14, 2026 (After Market Close) Conference Call:Wednesday, July 15, 2026 Time:8:45 a.m. EDT Webcast Registration:https://registrations.events/direct/Q4I3922772 Telephone Participation: U.S. / International (Local): +1 (646) 307-1963U.S. Toll-Free: (800) 715-9871Canada (Toronto): (647) 932-3411Canada Toll-Free: (800) 715-9871Conference ID: 39227 Participants are encouraged to register online in advance to receive a unique PIN that provides direct access to the conference call and bypasses the operator. Presentation Materials:The Company's earnings press release and accompanying presentation materials will be available in the Investor Relations section of the Company's website at www.loopindustries.com prior to the conference call. Replay:An audio replay of the conference call will be available shortly after the conclusion of the event through the same registration link and will remain available until Wednesday, July 22, 2026, at 11:59 p.m. EDT. Following prepared remarks, management will conduct a live question-and-answer session with analysts and investors. Investors wishing to submit questions in advance of the conference call may email [email protected]. Management will address as many appropriate questions as time permits during the live Q&A session. About Loop Industries Loop Industries is a clean technology company accelerating the transition to a circular plastics economy. The Company's patented depolymerization technology enables low-value and no-value PET plastic waste and polyester fiber to be recycled into virgin-quality resin suitable for use in food-grade packaging, beverage containers, apparel and other high-value applications. By enabling PET plastic and polyester to be recycled repeatedly without degrading quality, Loop helps global consumer brands meet their sustainability objectives while reducing dependence on virgin fossil fuel-derived plastics. The Company is commercializing its technology through strategic joint ventures and partnerships in key global markets, including India and Europe. For additional information, please visit www.loopindustries.com. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements regarding the advancement and commercialization of Loop's proprietary technology platform, strategic partnerships and joint ventures, operational readiness, commercial execution, expected engineering revenues, project development activities, financing initiatives, and future business prospects. Although Loop believes the expectations reflected in these forward-looking statements are reasonable, actual results may differ materially from those expressed or implied due to a variety of risks and uncertainties. These risks include, but are not limited to, those described under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2026, and in subsequent filings with the U.S. Securities and Exchange Commission ("SEC"), including risks relating to commercialization, financing, project execution, strategic partnerships, regulatory developments, macroeconomic conditions, supply chain disruptions, litigation, intellectual property protection, and other factors beyond the Company's control. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Loop undertakes no obligation to update or revise any forward-looking statements except as required by applicable law. Additional information is available in the Company's filings with the SEC at www.sec.gov. Investor Relations Kevin C. O'DowdInvestor RelationsLoop Industries, Inc.+1 (617) [email protected] SOURCE: Loop Industries View the original press release on ACCESS Newswire

This article first appeared on GuruFocus. Capital Expenditure (CapEx) Reduction: Estimated CapEx for the Indian facility reduced to $165 million to $170 million from approximately $190 million. Debt Financing: Progressing well with several term sheets received from international banks for the Indian facility. Non-Dilutive Funding: Up to CAD2.9 million in non-repayable funding from the National Research Council of Canada. PET Prices: Increased by 30% to 50% year-to-date, driven by higher oil prices. Expense Reduction Initiatives: Streamlined headcount and reduced corporate overhead through targeted expense reduction initiatives. Warning! GuruFocus has detected 5 Warning Signs with LOOP. Is LOOP fairly valued? Test your thesis with our free DCF calculator. Release Date: May 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Loop Industries Inc (NASDAQ:LOOP) has made significant progress in its global growth strategy, particularly with key partnerships in India and Europe. The company has successfully reduced the estimated capital costs for its initial Indian facility from approximately $190 million to $165-$170 million, enhancing project economics. Loop Industries Inc (NASDAQ:LOOP) has secured a memorandum of understanding with the government of Gujarat, which is expected to streamline permitting and infrastructure coordination for its Indian facility. The company is receiving non-repayable funding of up to CAD2.9 million from the National Research Council of Canada, supporting operational readiness and innovation. Loop Industries Inc (NASDAQ:LOOP) has initiated targeted expense reduction initiatives, resulting in material savings in fixed overhead expenses such as insurance. The debt financing for the Indian facility is contingent on securing long-term contracts for 50% of the facility's output, which poses a challenge due to the complexity of signing long-term contracts with brands. The company faces challenges in getting customers to commit to long-term contracts, as many brands are accustomed to shorter-term agreements. Loop Industries Inc (NASDAQ:LOOP) has a significant reliance on the successful completion of technical due diligence for its debt financing process. The company's liquidity is only secured through the end of the current year, raising concerns about financial stability beyond that period. The anticipated timeline for the Infinite Loop India facility to become operational is not until 2028, which delays potential revenue generation from this project. Q: Where is Loop Industries in the debt syndication process, and what is the expected debt-equity mix? A: The anticipated debt to equity split is 70% debt and 30% equity, with Loop responsible for 15% and Esther Industries for the other 15%. The process is in the technical due diligence stage, expected to be completed by mid-July. (Daniel Solomita, CEO) Q: How does Loop plan to manage liquidity over the next 12 months? A: Loop has sufficient liquidity through the end of the year. Engineering contracts related to feasibility studies in Europe are expected to fund back-office expenses for the next few years. (Daniel Solomita, CEO) Q: What is the status of customer offtake agreements for the India plant, and how do they affect debt financing? A: Loop needs 50% of the facility's capacity signed in long-term contracts to finalize debt financing. Negotiations are ongoing with several large CPG companies. (Daniel Solomita, CEO) Q: How did Loop achieve the CapEx cost reduction for the Indian facility? A: Approximately 50% of the reduction came from favorable foreign exchange rates. Additional savings were achieved through land acquisition cost reductions and procurement optimizations. (Daniel Solomita, CEO) Q: What are the terms of the current offtake agreement with Nike, and will other agreements follow a similar framework? A: The Nike contract is a three-year fixed price and volume agreement with a 40% take-or-pay clause. Other contracts, especially in textiles, follow similar frameworks, while beverage companies prefer index pricing with caps and collars. (Daniel Solomita, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Thursday, May 28, 2026 at 8:45 a.m. ET Chief Executive Officer — Daniel Solomita Chief Financial Officer — Spencer Hart Vice President, Communications and Investor Relations — Kevin O'Dowd Need a quote from a Motley Fool analyst? Email [email protected] Operator Welcome to Loop Industries' Fourth Quarter and Full-year Fiscal 2026 Corporate Update Call. This conference is being recorded today, Thursday, May 28th, 2026. The earnings release accompanying this call was issued after the market close yesterday evening, Wednesday, May 27th, 2026. On our call today are Loop Industries' Chief Executive Officer, Daniel Solomita, Chief Financial Officer, Spencer Hart, and Kevin O'Dowd, Vice President, Communications and Investor Relations. I would now like to turn the conference over to Kevin O'Dowd to read a disclaimer regarding forward-looking statements. Kevin O'Dowd Thank you, Operator. Before we begin, please note that today's discussion will include forward-looking statements within the meaning of U.S. securities laws. These statements relate to our expectations, projections, future plans and strategies, anticipated events, business developments, project timelines, financing activities, commercial partnerships, and future performance matters. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied during this call. For a more complete discussion of these risks and uncertainties, please refer to the risk factors in the forward-looking statement sections included in our most recent annual report on Form 10-K filed with the SEC, as well as last evening's earnings release. These documents are available through the SEC's website at sec.gov and on the investor relations section of Loop Industries. With that, I'll now turn the call over to Daniel Solomita, Chief Executive Officer of Loop Industries. Daniel Solomita Thank you very much, Kevin. Good morning, everyone. Thank you for joining us for today's update call. We are making excellent progress in our global growth strategy by advancing our key partnerships in both India and Europe. Over the last few quarters, our team has focused heavily on commercial execution, capital discipline, and driving our proprietary technology towards large-scale global deployment. Today, we operate leaner, we are executing efficiently, and we have a highly visible path forward. I want to walk you through the major milestones we've recently achieved across our international partnerships and our internal operational efficiency initiatives. Let's start with Infinite Loop India, where we have seen significant positive momentum on three fronts, government alignment, project economics, and financing. Our India joint venture has officially signed a memorandum of understanding with the government of Gujarat. This provides us with vital formal alignment to support the development of our first large-scale commercial manufacturing facility in the region. The agreement is a major accomplishment. It is expected to streamline permitting, infrastructure coordination, and administrative processes. Crucially, this site can support multiple manufacturing facilities, enabling a seamless phased expansion strategy. Improved project economics. Through rigorous optimization, ongoing procurement refinements, land cost optimizations, and favorable foreign exchange movements, we have successfully reduced the estimated capital cost for the initial Indian facility. We now expect the CapEx to be approximately $165 million-$170 million, representing significant savings from our prior estimate of approximately $190 million. This CapEx reduction is meaningful as it increases the overall project economics and lowers Loop's equity commitment. The project timeline has not changed. We expect the Infinite Loop India facility to be operational in calendar year 2028. Project debt financing. The debt financing for the construction of the Indian facility is progressing well. The debt syndication process is well underway, and we have received several term sheets from international banks. These institutions are now moving into the technical due diligence stage of the process, signaling strong institutional confidence in our business model. The technical due diligence will be done at our plant in Terrebonne, which has successfully completed this type of due diligence several times in the past, most recently by Société Générale Group prior to licensing our technology. Customer engagement is strong. Our value proposition to customers is clear and well-received. We offer the highest quality PET and polyester fiber made from 100% recycled content, and we are offering our material at similar pricing to what brands are paying for mechanical recycling PET today. Mechanical recycling PET is significantly lower quality and unable to achieve 100% recycled content without major color and quality issues. Overall, PET prices are up 30%-50% year-to-date, mainly driven by higher oil prices. Shocks to the supply chain, as we have seen due to the conflict in Iran, serves as a reminder to purchasing departments that having long-term fixed price contracts from a reliable partner such as Loop is a valuable hedge to have. Moving on to Europe, our partnership continues to hit key milestones. As we previously announced, Infinite Loop Europe, our European joint venture with Société Générale Group, purchased a license to build a European facility using Loop's technology. They have officially selected BASF Industrial Park in Schwarzheide, Germany as the site for their first facility. This location offers world-class industrial infrastructure and benefits from a highly supportive regulatory environment aimed at strengthening the European Union's plastic recycling center. Following the successful site selection, the project is officially moving into the engineering and permitting phase. This phase kicks off with Loop's engineering team, providing the feasibility study, followed by a feasibility study and supply chain testing, which is all done at our Terrebonne facility. The feasibility study is expected to begin shortly and will be generating meaningful, high profitable revenue for Loop, and last approximately six months. Alongside our global commercial deployment, we have systematically evaluated our corporate overhead to ensure we are maximizing every dollar. We have initiated three key targeted expense reduction initiatives to ensure Loop operates leaner. Non-dilutive government funding, we are pleased to share that Loop is receiving advisory services and up to CAD 2.9 million in non-repayable funding from the National Research Council of Canada Industrial Research Assistance Program through its clean tech initiative. This funding extends through October 2027 and directly supports our operational readiness and industrial innovation without diluting our shareholders. We are continuing to strategically shift resources away from technology development and directly into commercial execution. This transition has resulted in a streamlined headcount and a meaningful reduction in corporate overhead. We have initiated an aggressive review of vendor contracts and conducted strict service audits across our key fixed overhead expenses. This has already yielded material savings in fixed areas such as insurance. In summary, our foundational pieces are firmly in place. Our commercial momentum in India and Europe, combined with our disciplined corporate expense reductions, gives us a clear capital efficient runway. We are uniquely positioned to commercialize our technology globally and create long-term value for our shareholders. Thank you to our partners, our talented team, and our investors for your continued support. With that, I'll turn the call over to the operator and open up the line for any questions. Thank you. Operator As a reminder, if you'd like to ask a question in today's call, simply press star followed by the number one on your telephone keypad. We'll take a brief moment to compile the Q&A roster. Your first question comes from the line of Brandon Rogers from ROTH Capital. Your line is now live. Brandon Rogers Hello, this is Brandon Rogers on for Gerard Sweeney. Thanks for taking my questions. Daniel Solomita Hi, Brandon. How are you? Brandon Rogers I'm good. First, where exactly are you in the debt syndication process, and what milestones remain before officially closing that? As it relates to the expected capital structure, what's the anticipated debt equity mix? Daniel Solomita The anticipated debt to equity split is 70% debt, 30% equity, of which Loop would be responsible for 15%. Our partner at Ester Industries is responsible for 15%, so we split the equity 50/50. The process, as I mentioned, we've reserved several term sheets from international banks, and now they are moving into the technical due diligence phase, where they do a technical due diligence on Loop's technology, which will be done here at our Terrebonne facility. Terrebonne facility has done several of these technical due diligences in the past. Most recently, SocGen hired a third-party engineering firm to do a full technical due diligence on the technology prior to them licensing the technology and investing EUR 10 million into Loop. It's pretty standard for us. The banks have selected the engineering firm that will be doing the technical due diligence. We're just finalizing the scope of work, and we expect that to be completed sometime towards the end of June, mid-July. Brandon Rogers Thank you. Taking into consideration the cash burn and with the cash think about liquidity over the next 12 months. Daniel Solomita Yeah, we have enough liquidity through to the end of this year. With the engineering contract that we'll be working on, Reid, with the pre-feasibility study and then the feasibility study, those engineering contracts are expected to fund our back-office spend for the next few years. Brandon Rogers Thanks. Just one more from me. Can you walk us through how Loop begins generating recurring cash flow from these projects, and when should we expect engineering services revenues to begin becoming more meaningful? Daniel Solomita Today, we already get engineering services revenue from the Indian joint venture. Every project where Loop's engineering team is working, we're getting paid for that work. Now with the feasibility study in Europe, that's when we'll start seeing much more meaningful engineering revenue and profitability from that engineering revenue. That's going to be coming up, I would say, within the next few weeks, potentially months. That's very short term. Now that the site has been selected, we're finalizing the engineering contracts, and that's when you'll see much more meaningful revenue from those engineering contracts. From the projects in India, Loop has a 5% royalty fee on top of owning 50% of the facility, we would expect to start receiving that royalty fee in 2028, once the plant is operational. As far as the European facility, besides the engineering services, there is also other milestones for the licensing agreement. Prior to construction, Loop would be receiving additional milestone payments from the Société Générale Group. Brandon Rogers Awesome. Thanks, Daniel. Appreciate the color. That's it for me. Daniel Solomita Thank you very much. Operator Your next question comes from the line of JP Geygan from Global Value Investment Corporation. Your line is now live. JP Geygan Hey, good morning, Daniel, and thanks for your time. A couple questions from me. You've obviously already announced an offtake agreement with Nike, but talk a little bit about where you are in discussions with other customers, and then how much of the expected volume for the India plant do you need to have offtake agreements for before the debt financing can be finalized? Daniel Solomita Yeah. We're aiming to have 50% of the facility signed in long-term contracts, and then the rest would be completed with LOIs. We're in negotiations with several of the large CPG companies for the additional offtakes, and we are in negotiations with several other textile companies or CPG companies for the LOIs as well. One of the challenges with customers is being able to sign these long-term contracts, because for them, it's two years before they can start receiving, let's say approximately two years before they can start receiving material, plus three-year contract after that. It's like a five-year commitment, where these brands are used to buying six months contracts, maybe a one-year contract. These long-term contracts are a little bit more complicated for some of these brands to be able to sign. We do have good visibility on being able to complete the goal of having 50% contract signed and then the rest done in LOIs with some of the existing customers that we have from our Terrebonne facility. There's no doubt in my mind whatsoever that if the plant was up and operational, we'd be able to sell 100% of the capacity of the facility because we offer the best quality material on the market for 100% recycled content, and that's been proven over and over again by all of the different CPG companies. Our price point, because of the Indian economics, having a CapEx of $165 million-$170 million, allows us to be super competitive on pricing. Pricing has never come up as an issue with customers where we're too expensive. We really have a really good formula where we have the best quality material at prices that the brands are buying a lesser quality material today. The difficulty there is just being able to get these companies, that takes a longer time for them to be able to execute contracts that are five years out. JP Geygan Got it. All right, thanks. Is the debt financing contingent on a certain amount of offtake being spoken for? Daniel Solomita Yeah, the debt financing is contingent on 50% of the offtakes signed in minimum three-year contracts. JP Geygan Okay. Thanks for clarifying that. I'm curious on the CapEx cost reduction from, I think it was $190 million to in the $165 million-$170 million range. Obviously, FX has something to do with that, but was there any other meaningful cost savings, or how do you drive that cost reduction? Daniel Solomita Yeah, I would say approximately 50% came from FX because the Indian rupee lost against the US dollar. When I talk about $165 million of CapEx, that's including all of the financing costs, land acquisition costs, engineering costs, and the construction costs. The FX portion would only be on the construction cost. Land acquisition, we saved $5 million from the land acquisition. Then there was other material savings from optimizing the process. We're working with suppliers in India or in other parts of the world that are lower cost than what we had in the initial estimates. It's a combination of purchasing optimization, land cost reduction, FX, and engineering. JP Geygan Okay. You announced maybe a week ago that you signed an MOU with the government of Gujarat. Help us understand what that means. Is it symbolic, or is there some sort of tangible benefit in terms of permitting, access, utilities, et cetera? Daniel Solomita Yeah, it's really validation. The project is important for the Gujarat government. The Gujarat government has this yearly review of projects and selects projects that they are getting behind. Our project was something that was important for them. Textile recycling, textile waste is a pretty big issue in India. India right now has some of the strictest, actually, the strictest rules on recycled content in packaging in the world. Today they have to have 40% recycled content, and they're going to go to 60% recycled content in packaging, which dwarfs Europe's 25% recycled content in packaging. India is very focused on helping pollution in the country and finding solutions. Our technology being able to recycle the textiles and the textile hub being in Dahej and the Gujarat province, it's an important project for them to be able to recycle the textile waste. Today that textile waste is either burnt, sent to landfill, or just discarded basically on the side of the roads. This is where having our project is going to help alleviate some of the pollution in the Gujarat province because of this textile waste, which has no other value today except for a technology like ours. JP Geygan Okay. Finally, at the risk of putting the cart in front of the horse, you've got visibility into some of the regulatory mandates coming down the pike, and obviously pretty good input from your customers right now. Have you started to think about what comes after the plant that you own in India and then the technology license in Europe in terms of additional plants and whether that's a build or license model and the timeline for starting to really make meaningful progress on those? Daniel Solomita The plan in India is to build a second facility, much larger facility, once this one is up and operating. We've bought enough land to be able to sustain two facilities on that same site. There's enough feedstock in Gujarat to be able to support a second site as well. The joint venture's plan is definitely, once we have six months, a year of stable operations at the plant, to begin the construction on the second plant right away. The engineering was conceived with the view on having that second plant at the site. That's going to be really important for us. I wouldn't be looking to invest our dollars, our shareholders' dollars in high-cost manufacturing countries once we've seen what India can deliver. It's very rare to see projects go through engineering and go through detailed engineering and have CapEx reductions. Usually, you're over budget. These are the first projects I've ever seen that are actually under budget. The cost structure in India allows us to be able to compete anywhere worldwide. Our customers, like Nike, they don't really care if the facility is in the U.S., in Canada, in Germany, or in India. What they care about is getting the best quality material at the best price, and that's what India can offer us. For us, investing our dollars, low cost manufacturing, India has huge potential. Potentially other parts, India is definitely somewhere we think we can build a very big base. As far as licensing, SocGen is building the first plant in Germany. Through the site, through the exercises, they see an opportunity to potentially build more facilities. European regulation is coming in where, trying to protect the recycling industry in Europe. More material coming from Europe. There's incentives if you're buying your recycled plastic from Europe rather than bringing it in from other parts of the world. Luckily for us, India and Europe have a free trade agreement. We're not affected by any of those type of tariffs or protectionisms. Licensing in other parts of the world is something that we'll definitely explore in other parts of the world. Yeah, for us, low cost manufacturing is our key. Licensing and higher cost manufacturing. JP Geygan Great. All right. That's all for me. Thank you. Daniel Solomita The last thing I'll add there is probably the way we bring low-cost manufacturing into higher cost countries. Like in Germany, what we're doing is we're taking the experience of India and the low-cost manufacturing of India and building our technology in modules. The modules will be built in India with low-cost labor, low-cost materials, and then shipped on-site to Germany and assembled on-site. You're limiting the amount of high-cost labor that goes into some of these other countries, like in the European countries. That's the way we see significant savings for this project in Germany, where we could see potentially a 50% CapEx reduction rather than if you would build it as a stick-built project in Germany. Operator Your next question comes from the line of Varyk Kutnick from DIVYDE Capital Partners. Your line is now live. Varyk Kutnick Hey, Daniel. Daniel Solomita Hi, Varyk. Varyk Kutnick Remind me again on the current offtake agreement with Nike. The terms, is it take or pay? Are there committed minimum volumes? Is everyone else going to follow that same framework for underwriting over in India? Daniel Solomita The Nike contract is a three-year term, renewable after three years. It is a fixed price contract, fixed volume contract, and it's a 40% take or pay. If they don't take the material, they pay us 40% of the value of the contract. Nike has pretty ambitious goals to eliminate fossil fuel-based polyester in their supply chain, textiles, and footwear. We see that volume growing bigger over time as our plants become up and running and Nike's commitment to sustainability just increases. Other customers, there are a lot of the fixed price contracts, fixed term contracts are coming from the textile industry. On the beverage side, with the packaging companies, it's more of an index pricing. We use a, let's say in Europe, you use the ICIS index pricing, which is published monthly on what recycled PET is sold for. We use a cap and a collar. We have a floor pricing that it can never go lower than a certain price, and a cap, and it can never go higher. It hedges us on the downside, hedges them on the high side, and we trade within a band. It's about EUR 275 per ton band that we trade within. That's typically the way the beverage companies like to price the contracts. Varyk Kutnick All right. As far as Nike here, do they have any type of right of first refusal on capacity in the future in India and Europe, et cetera? Is that built into their contract? Daniel Solomita First right of refusal, no. We don't give first right of refusals to anybody. They do have an option to purchase more material in their contract, so they can exercise an option to purchase more material. We have some customers that, like I said earlier, they just cannot sign long-term. Their corporate governance doesn't allow them to sign these long-term material contracts, but they're willing to sign LOIs with us. Even the LOIs have a price. They have committed volumes. There are those cases where some brands are just not able to sign these long-term contracts. Now, they're willing to support us with an LOI, firm LOIs, and they're willing to help us in talking to the banks and things of that nature. Being very supportive. Varyk Kutnick Help me with some of these numbers here. Obviously construction costs have gone down, which is excellent. If I think of the 70 million tons, metric tons annually at $170 million to build, we get about $0.44 of CapEx per pound. Does that include polymerization? Daniel Solomita Yes. So that's depolymerization and polymerization and all utilities. This site is greenfield, complete greenfield. There is no infrastructure whatsoever. That includes depoly, repolymerization, land, engineering, and all the financing costs through startup and commissioning until the plant is operational. The construction piece, just the construction piece is approximately $115 million out of the $165 million, let's say. Varyk Kutnick Got you. Okay. That would put what, if I'm doing rough math in my head here, if you guys are going to do, you've said in the past, your EBITDA margin or EBITDA would be roughly around $50 million, $60 million. Does that still sound right on this plant? Daniel Solomita It's an interesting dynamic right now. Some of the dynamic pricing that we see with the ICIS, that index pricing. Index pricing is up about 30%-40% right now, since the beginning of the year, mainly because of the conflict in Iran. That price floats up and down. If you're taking the floor price, that's probably where we would be somewhere at the floor price today. It's a little bit higher than that. We're looking at about 45% EBITDA margin, somewhere roughly around there. Varyk Kutnick Right. Either way, though, your payback period on this build all in is about 1.5 year-2.5 year, depending on where pricing falls. Is that number still reasonable? Daniel Solomita Yes. One of the numbers just got better by reducing CapEx by $20 million-$25 million. Varyk Kutnick Gotcha. We should see some real progress with a serious timeline, second half of this year. Daniel Solomita Yeah. Next, now the debt piece has fallen into place. We have great international banks behind the project with their term sheets. Now completing the technical due diligence over the next four-six weeks, is something that Loop is very used to doing. We've done it many times for either customers or other partners. Like I said, most recently for SocGen before they licensed the technology and they made the investment into Loop. That's really what's ongoing there. That's going to be completed, and then we're going to wrap all of the different terms and get everything completed for the debt. Varyk Kutnick Cool. Well, good luck with everything. Look forward to following along. Daniel Solomita Thank you very much. Operator There are no further questions. I'd like to turn the call back to Daniel Solomita for closing remarks. Daniel Solomita Yep. Just again, thank you very much for everyone's support. Thank you to the team, and thank you to our international partners. Have a nice day. Operator This concludes today's meeting. You may disconnect. Before you buy stock in Loop Industries, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Loop Industries wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $463,900!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,294,401!* Now, it’s worth noting Stock Advisor’s total average return is 978% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of June 1, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Loop (LOOP) Q4 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in Loop Industries, Inc.? Here are five stocks we like better. Loop Industries lowered the estimated capital cost for its first India recycling plant to about $165 million to $170 million from roughly $190 million, and still expects the facility to begin operations in calendar 2028. The reduction was attributed to FX gains, cheaper land, and engineering and procurement savings. Debt financing for the India project is advancing, with several international banks submitting term sheets and moving into technical due diligence. Loop said the project is expected to be financed with a 70% debt / 30% equity structure, but lenders want at least 50% of output under minimum three-year offtake contracts. Loop is also making progress in Europe and on cost cuts, selecting a site in Schwarzheide, Germany, for its first European facility and beginning engineering/permitting work that could generate near-term revenue. At the same time, the company is trimming expenses and said it has enough liquidity through the end of the year, supported by engineering contracts and Canadian government funding. Loop Industries (NASDAQ:LOOP) used its fourth-quarter and full-year fiscal 2026 corporate update call to highlight progress on its planned commercial recycling facilities in India and Europe, while outlining cost reductions, financing activity and expected sources of future revenue. President, CEO and Chairman Daniel Solomita said the company has been focused on “commercial execution, capital discipline” and preparing its proprietary PET and polyester recycling technology for broader deployment. The company did not provide a detailed financial results discussion on the call, but management emphasized project milestones and liquidity planning. → Rocket Lab Keeps Making Headlines and Highs—Here's What's Driving the Latest Move Solomita said the company’s Infinite Loop India joint venture has signed a memorandum of understanding with the government of Gujarat, which he said should support permitting, infrastructure coordination and administrative processes for the company’s first large-scale commercial manufacturing facility in the region. The India facility remains expected to be operational in calendar 2028. Solomita said the estimated capital cost for the initial facility has been lowered to approximately $165 million to $170 million, down from a prior estimate of about $190 million. → Quantum Stocks Just Got a Lifeline—Who Benefits Most? He attributed the reduction to several factors, including favorable foreign exchange movements, lower land acquisition costs, purchasing optimization and engineering work. In response to an analyst question, Solomita said about half of the savings came from foreign exchange, while land acquisition savings totaled about $5 million. Solomita said the revised capital estimate includes financing costs, land acquisition, engineering, construction and startup-related costs through commissioning. He said the construction portion alone is approximately $115 million. → 5 Stocks Winning the AI Race While Everyone Watches NVIDIA Loop said debt financing for the Indian facility is progressing, with several term sheets received from international banks. Solomita said the lenders are moving into technical due diligence, which will be conducted at Loop’s Terrebonne facility. In the Q&A session, Solomita said the expected capital structure for the India project is 70% debt and 30% equity. Loop and its partner Ester Industries would each be responsible for 15% of the total project funding under that structure. Solomita said the banks have selected an engineering firm for technical due diligence and that Loop is finalizing the scope of work. He said the company expects that process to be completed toward the end of June or mid-July. He also said the debt financing is contingent on securing 50% of the facility’s offtake under minimum three-year contracts. The remainder of the facility’s expected production could be supported by letters of intent, according to Solomita. Solomita said Loop is in negotiations with several large consumer packaged goods companies and textile companies for additional offtake agreements and letters of intent. He said the company’s pricing has not been a sticking point with customers, citing the project economics in India and the quality of Loop’s recycled PET and polyester fiber. Loop has already announced an offtake agreement with Nike. Asked about that contract, Solomita said it is a three-year fixed-price, fixed-volume agreement that is renewable after three years and includes a 40% take-or-pay provision. He said Nike does not have a right of first refusal on future capacity but does have an option to purchase additional material. For beverage customers, Solomita said contracts are more commonly priced against an index, such as the ICIS recycled PET index in Europe, with a cap and collar structure. He said this provides downside protection for Loop and upside protection for customers. Solomita also said PET prices are up 30% to 50% year to date, which he attributed mainly to higher oil prices. He said supply chain shocks, including those tied to conflict in Iran, reinforce the value of long-term fixed-price contracts for customers. Loop also highlighted progress in Europe, where Infinite Loop Europe, its joint venture with Société Générale Group, has selected BASF Industriepark Lausitz in Schwarzheide, Germany, as the site for its first facility using Loop’s technology. Solomita said the European project is moving into engineering and permitting. Loop’s engineering team is expected to provide a feasibility study and conduct supply chain testing at the Terrebonne facility. He said the feasibility study is expected to begin shortly, last approximately six months and generate “meaningful” revenue for Loop. Solomita said engineering services revenue is already being generated from the Indian joint venture. He added that the European feasibility work could make engineering revenue and profitability more meaningful in the near term, potentially within weeks or months as contracts are finalized. Beyond engineering services, Solomita said Loop expects additional milestone payments from Société Générale Group prior to construction under the licensing agreement. Loop said it has initiated targeted expense reductions as it shifts resources away from technology development and toward commercial execution. Solomita cited streamlined headcount, a review of vendor contracts and service audits across fixed overhead areas, including insurance. The company also said it is receiving advisory services and up to CAD 2.9 million in non-repayable funding from the National Research Council of Canada Industrial Research Assistance Program through its clean tech initiative. Solomita said the funding extends through October 2027 and supports operational readiness and industrial innovation without diluting shareholders. Asked about liquidity, Solomita said Loop has enough liquidity through the end of the year. He said anticipated engineering contracts connected to pre-feasibility and feasibility work are expected to fund back-office spending for the next few years. Looking beyond the initial India plant, Solomita said the joint venture plans to build a second, larger facility at the same site after the first plant achieves six months to one year of stable operations. He said the company has acquired enough land to support two facilities and that there is enough feedstock in Gujarat to support the second site. Solomita said Loop would prioritize investing in lower-cost manufacturing regions such as India, while considering licensing in higher-cost manufacturing markets. For Germany, he said Loop expects to use modular construction, with modules built in India and shipped to the site for assembly, which he said could significantly reduce capital costs compared with a traditional stick-built approach in Germany. Loop Industries (NASDAQ:LOOP) is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges. With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Loop Industries Q4 Earnings Call Highlights" was originally published by MarketBeat. 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The Company continues to build on strategic partnerships in India and Europe Expense reduction initiatives lower corporate overhead LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON THURSDAY, MAY 28, 2026  MONTREAL, QC / ACCESS Newswire / May 27, 2026 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), today reported its consolidated financial results for the fourth quarter and full year of fiscal year 2026. Key updates from the fourth quarter and full-year fiscal 2026 results highlight continued progress in global project deployment, enhanced cost-efficiency, and strategic regional partnerships. Infinite Loop™ India Government support facilitates commercial development: Loop's India JV has signed a memorandum of understanding with the government of Gujarat providing formal alignment to support the development of Loop's first large-scale commercial manufacturing platform. The agreement is expected to streamline permitting, infrastructure coordination, and administrative processes, reinforcing a clear path forward and enabling a phased expansion strategy at the site which is capable of supporting multiple facilities. Lower estimated capital cost improves project economics: Due to favorable foreign exchange movements, ongoing procurement refinements, and land cost optimizations, the estimated capital cost for the initial India facility is expected to be approximately $165-170 million, compared to prior estimates of approximately $190 million. The Company expects the Infinite Loop™ India facility to be operational in calendar 2028. Project debt financing for India JV: The debt syndication process for financing the construction of the India facility is progressing, with term sheets having been received from international banks who are moving into the technical due diligence stage of the process. Infinite Loop Europe As previously announced, Infinite Loop Europe, our European JV with Reed Societe Generale Group which purchased a license to build a European facility using Loop's technology, has selected BASF Industriepark Lausitz in Schwarzheide, Germany, as the site for its first facility. This location provides a number of benefits including world class industrial infrastructure and a supportive regulatory environment aimed at strengthening the EU plastics recycling sector. Following this site selection, the project is moving into the engineering and permitting phase which is expected to generate engineering services revenue for Loop. Operational Efficiency Initiatives To support its commercial-scale deployment, Loop has systematically evaluated its corporate overhead through targeted expense reduction initiatives: Non-Dilutive Government Funding: Loop is receiving advisory services and up to C$2.92 million in non-repayable funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) through its Clean Technology initiative. Extending through October 2027, this capital directly supports operational readiness and industrial innovation. Organizational Realignment: The Company is continuing to shift resources away from early stage technology development to commercial execution, resulting in a streamlined headcount and reduced corporate overhead. Cost controls: Loop has initiated an effort to review vendor contracts and conduct service audits across key fixed overhead expenses, yielding material savings in areas such as insurance. CEO Comment "We are making excellent progress on our global growth strategy by advancing our key partnerships in both India and Europe. Our Memorandum of Understanding with the Gujarat government provides a strong foundation for our Indian project. Through rigorous optimization and execution, we have successfully reduced the estimated total cost of this project to $165-$170 million, down from our prior $190 million estimate, representing a significant capital savings," said Daniel Solomita, Loop's Founder and Chief Executive Officer. "Meanwhile, our European licensing agreement with Reed Société Générale Group continues to meet key milestones following the selection of the BASF Industriepark Lausitz in Schwarzheide, Germany. This project now moves into the execution phase beginning with Loop's engineering team providing the pre-feasibility study. This, combined with our ongoing corporate expense reduction initiatives to lower overhead, has Loop operating leaner and with a clear path toward commercializing our technology globally." Corporate Update Call Senior Management of Loop will host a corporate update call, followed by a question-and-answer session, which can be accessed via the dial-in numbers below. Date: Thursday, May 28, 2026Time: 8:45 am Eastern Time Participant joining details (by Telephone): Joining by Telephone: United States (Local): +1 646 307-1963United States (Toll-Free): +1 800 932-3411Access Code: 23860 OR Registration Link: https://registrations.events/direct/Q4I23860681 - Avoid wait time - Bypass speaking with an operator to join the call - Receive a Calendar Invitation with call access details including your unique PIN Results of Operations Fourth Quarter Ended February 28, 2026 The following table summarizes our operating results for the three-month periods ended February 28, 2026 and February 28, 2025, in thousands of U.S. Dollars. (1) Certain comparative figures have been reclassified to conform to the current year presentation, including the introduction of a cost of services line item causing reclassifications out of research and development employee compensation and external engineering expenses. These reclassifications had no impact on the previously reported net loss and comprehensive loss. Revenues Revenues for the three-month period ended February 28, 2026 decreased $10,633 to $176 as compared to $10,809 for the same period in 2025. The revenues for the three-month period ended February 28, 2026 resulted from $176 in engineering fees. The revenues of $10,809 for the three-month period ended February 28, 2025 resulted from royalty from Reed Societe Generale Group, engineering fees and sales of Loop™ PET resin. Cost of Services Cost of Services for the three-month period ended February 28, 2026 decreased $27 to $191 compared to $218 for the same period in 2025. Research and Development Research and development expenses for the three-month period ended February 28, 2026 decreased $608 to $480, as compared to $1,088 for the same period in 2025. The decrease was primarily attributable to a $365 decrease in employee compensation expenses, a $175 decrease in other, mainly legal fees, and an $89 decrease in external engineering. General and administrative expenses General and administrative expenses for the three-month period ended February 28, 2026 decreased $188 to $1,386, as compared to $1,574 for the same period in 2025. The decrease was primarily attributable to a decrease of $188 in professional fees, mainly legal fees, a decrease of $148 in insurance expenses, offset by an increase of $233 in stock-based compensation. Loss on equity accounted investment Loss on equity accounted investment decreased by $334 for the three-month period ended February 28, 2026. This loss relates to the Company's 50% portion of the loss incurred by the India JV for the three-month period ended February 28, 2026, during which the India JV incurred preliminary project costs for the planned Infinite Loop™ facility in India, which are mainly engineering fees. Net Loss The net income for the three-month period ended February 28, 2026 decreased $9,585 to a loss of $2,703 in the period, as compared to a net income of $6,882 for the same period in 2025. The decrease was primarily due to the decrease of $10,633 in revenues, which was partially offset by the decrease of $608 in research and development expenses, the decrease of $188 in general and administrative expenses and the decrease of $334 in loss on equity accounted investment. Fiscal Year Ended February 28, 2026 The following table summarizes our operating results for the years ended February 28, 2026 and February 28, 2025, in thousands of U.S. Dollars. (1) Certain comparative figures have been reclassified to conform to the current year presentation, including the introduction of a cost of services line item causing reclassifications out of research and development employee compensation and external engineering expenses. These reclassifications had no impact on the previously reported net loss and comprehensive loss. Revenues Revenues for the year ended February 28, 2026 decreased $10,375 to $514, as compared to $10,889 for the same period in 2025. The revenues for the year ended February 28, 2026 resulted from $506 in engineering fees and $8 from sales of Loop™ PET resin produced using monomers manufactured at the Terrebonne Facility. The revenues of $10,889 for the year ended February 28, 2025 resulted from $10,395 in licensing revenue from the up-front royalty received from Reed Societe Generale Group, $368 in engineering fees and $126 from sales of Loop™ PET resin produced using monomers manufactured at the Terrebonne Facility. Cost of Services Cost of Services for the year ended February 28, 2026 increased by $163 to $381 compared to $218 for the same period in 2025. Research and Development Research and development expenses for the year ended February 28, 2026 decreased by $3,174 to $3,472, as compared to $6,646 for the same period in 2025. The decrease was primarily attributable to a $1,381 decrease in external engineering expenses, a $1,238 decrease in employee compensation expenses and a $478 decrease in other, mainly legal fees. General and administrative expenses General and administrative expenses for the year ended February 28, 2026 decreased $2,823 to $6,405, as compared to $9,228 for the same period in 2025. The decrease was primarily attributable to a $1,916 decrease in legal fees, a decrease of $426 in employee compensation expenses, a decrease of $296 in other expenses and a decrease of $267 in insurance expenses. Impairment of equipment Impairment of equipment expense decreased by $8,460 for the year ended February 28, 2026. The impairment was fully recognized in the year ended February 28, 2025 and the agreement with the joint venture between the Company and SKGC was terminated. There are no future plans to construct and operate an Infinite Loop™ manufacturing facility in Ulsan, South Korea. As a result, there is no impairment to be recognized in the year ending February 28, 2026. Loss on equity accounted investment Loss on equity accounted investment increased by $76 for the year ended February 28, 2026. This loss relates to the Company's 50% portion of the loss incurred by the India JV for the year ended February 28, 2026, during which the India JV incurred preliminary project costs for the planned Infinite Loop™ facility in India, which are mainly engineering fees. Net Loss The net loss for the year ended February 28, 2026 decreased $2,758 to $12,299, as compared to $15,057 for the same period in 2025. The decrease was primarily due to $8,460 decrease in impairment of equipment, the $3,174 decrease in research and development expenses, the $2,823 decrease in general and administrative expenses, which were offset by a $10,375 decrease in revenue and by $1,085 increase in interest and other financial expenses. Loop Industries, Inc.Condensed Consolidated Balance Sheets Loop Industries, Inc.Condensed Consolidated Statements of Operations and Comprehensive Loss Loop Industries, Inc.Condensed Consolidated Statements of Cash Flows About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from its dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging and textiles such as carpets and clothing, into their base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ & Twist™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ & Twist™ PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP." For more information, please visit www.loopindustries.com. Follow Loop on X: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries Follow Twist™ on Instagram: twistbyloop For More Information: Investor Relations: Kevin C. O'Dowd, Investor RelationsLoop Industries, Inc.+1 [email protected] Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, ability to improve and expand our technology and commercial capabilities, competition, expected activities, timelines, and expenditures as we pursue our business plan, the adequacy of our available cash resources, regulatory compliance, plans for future growth and future operations; anticipated capital requirements, milestones and timelines, and capacity projections for our India JV and European partnership initiatives; the structure, financing, and expected benefits of our licensing and joint venture arrangements; progress on off-take negotiations and related revenue potential; the expected efficiency, scalability, and cost advantages of our proposed modular approach.. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. These risks and other factors include, but are not limited to, those listed under "Risk Factors." Additional factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2026 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law. SOURCE: Loop Industries, Inc. View the original press release on ACCESS Newswire

MONTREAL, QC / ACCESS Newswire / May 8, 2026 / Loop Industries, Inc. (NASDAQ:LOOP) ("Loop" or the "Company"), a clean technology company accelerating the circular economy for plastics, will host its fourth quarter 2025 earnings conference call on Thursday, May 28, 2026 at 8:45 a.m. Eastern Time. Management will discuss fourth quarter and full year 2025 financial results, recent business developments, operational progress, and ongoing commercialization initiatives, including advancement of the Company's India joint venture and broader licensing platform. Conference Call Details Event Title: Loop Industries Q4 Earnings Call Date: Thursday, May 28, 2026 Time: 8:45 a.m. Eastern Time (EDT) Conference ID: 23860 Participant Registration (Recommended) Participants are encouraged to pre-register for the call using the following link: https://registrations.events/direct/Q4I23860681 Upon registration, participants will receive dial-in details and a unique access code to join the call directly. Dial-In Information (Operator Assisted) United States (Toll-Free): +1 (800) 715-9871 United States / International: +1 (646) 307-1963 Canada (Toll-Free): +1 (800) 715-9871 Canada (Toronto): +1 (647) 932-3411 Conference ID: 23860 Replay Information A replay of the conference call will be available through the same registration link below: https://registrations.events/direct/Q4I23860681 Replay Availability: Through June 4, 2026 at 11:59 p.m. Eastern Time About Loop Industries Loop Industries is a clean technology company accelerating the circular economy for plastics through its innovative technology that depolymerizes waste PET plastic and polyester fiber into its base building blocks, enabling the production of virgin-quality recycled PET. Kevin C. O'Dowd Vice-Pr￩sident, Communication et relations avec investisseurs Vice-President, Communications and Investors relations 480 Fernand-Poitras, Terrebonne, QC, Canada, J7Y 1Y4 617-755-4602 450-951-8555 [email protected] www.loopindustries.com Pensez vert avant d'imprimer | Think green before printing Les informations transmises sont destin￩es uniquement ￠ la personne ou ￠ l'entit￩ ￠ laquelle elles sont adress￩es et peuvent contenir des ￩l￩ments CONFIDENTIELS et/ou PRIVIL￉GI￉S. Tout examen, retransmission, diffusion ou autre utilisation ou prise de mesures fond￩es sur ces informations par des personnes ou entit￩s autres que le destinataire pr￩vu est strictement interdit. Si vous avez re￧u ce courriel par erreur, veuillez contacter l'exp￩diteur et supprimer rapidement le mat￩riel de votre syst￨me informatique. SOURCE: Loop Industries View the original press release on ACCESS Newswire

This article first appeared on GuruFocus. Cash Operating Expenses: $2.2 million for the quarter, a year-over-year decrease of $1.1 million. Total Liquidity: $7.7 million at the end of the third quarter. Operating Cash Expenses: Expected to decrease as expenses are transferred to joint ventures in India and Europe. Release Date: January 15, 2026 Warning! GuruFocus has detected 4 Warning Signs with LOOP. Is LOOP fairly valued? Test your thesis with our free DCF calculator. For the complete transcript of the earnings call, please refer to the full earnings call transcript. Loop Industries Inc (NASDAQ:LOOP) is progressing well with the construction of its Infinite Loop India manufacturing facility, which is on budget and on schedule. The company has secured a significant supply contract with Nike, which includes a guaranteed take-or-pay element, ensuring revenue even if Nike does not take delivery. Loop Industries Inc (NASDAQ:LOOP) is uniquely positioned to capitalize on the growing demand for textile-to-textile recycling due to European regulations mandating more recycled content in clothing. The partnership with Reed Societe Generale Group in Europe is advancing, with site selection narrowed down to a lead site in Germany, expected to generate meaningful revenue and profits. The company has managed to reduce cash operating expenses significantly, with a year-over-year decrease of $1.1 million, and anticipates further reductions as expenses are transferred to joint ventures. Loop Industries Inc (NASDAQ:LOOP) faces challenges in securing additional offtake agreements, as they are still in discussions with several CPG and apparel brand companies. The company's liquidity is limited, with total liquidity available of $7.7 million at the end of the third quarter, which is expected to decrease in the coming quarters. The European facility is expected to be more expensive than the Indian project due to additional costs for transportation and reconnection of modules. The company is reliant on securing debt financing for the India project, with a debt package of $130 million and an equity contribution requirement of approximately $28 million. There is a risk associated with the timely completion and operational success of the Indian facility, which is scheduled for completion in Q4 2027, aligning with regulatory enforcement in 2028. Q: How much of the Infinite Loop India facility's capacity is under contract, and who are the current customers? A: Daniel Solomita, CEO, stated that they expect to have five to six customers for the facility. Currently, they have Taro Plast and Nike as customers and are negotiating with several other CPG brands and textile companies. They anticipate having the entire capacity under contract soon. Q: Can you discuss the pricing and margins for textile versus packaging products? A: Daniel Solomita, CEO, explained that they have a target average sales price for the facility. Currently, the textile side commands a higher premium due to regulatory demands and the uniqueness of textile-to-textile recycling. However, they can adjust production based on market demand for either packaging or textile products. Q: What is the timeline for the India facility's construction and commissioning? A: Daniel Solomita, CEO, confirmed that the project is on schedule and on budget, with construction expected to be completed in Q4 of 2027. The project is progressing with detailed engineering already underway. Q: What is the size and focus of the planned German facility? A: Daniel Solomita, CEO, mentioned that the German facility will have a 70,000-ton capacity, similar to the Indian facility. It will primarily focus on packaging due to the European supply chain, but some textile recycling may occur due to regulatory requirements. Q: How does Loop Industries plan to fund future growth and additional facilities? A: Daniel Solomita, CEO, stated that future growth, including additional capacity at the Indian site, will be funded through cash flows from the India facility. The payback period for the Indian plant is less than three years, and they plan to use these funds for expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

India facility on track: Loop's Infinite Loop India plant is "on budget and on schedule" for completion by end-2027 and is anchored by a multi-year, take-or-pay supply agreement with Nike, with management targeting roughly five to six customers to fill capacity. Financing progress but limited liquidity: Debt syndication is progressing with term sheets from multilateral development banks, sovereign wealth funds and commercial banks—Loop said the India project debt package is about $130 million (≈70% of project financing) with Loop equity of roughly $28 million—while corporate liquidity was $7.7 million and cash operating expenses fell this quarter. Europe strategy and modular build: Site selection for a licensed 70,000-ton European plant is nearing completion (lead German site), and a modular construction approach—adapting India designs—could reduce capital costs by roughly 50%, with engineering and milestone payments expected to provide near-term revenue. Interested in Loop Industries, Inc.? Here are five stocks we like better. Loop Industries (NASDAQ:LOOP) detailed progress on its India and Europe growth plans during its third quarter fiscal 2026 corporate update call, highlighting project development milestones, a new multi-year supply agreement with Nike, and continued efforts to arrange project financing. Founder and CEO Daniel Solomita said the company’s Infinite Loop India manufacturing facility is “on budget and on schedule” as it moves toward the construction phase. He noted the plant is scheduled to complete construction at the end of 2027, positioning the project to align with evolving European recycled-content regulations that begin in 2026 and are expected to be enforced in 2028. → Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks During the quarter, Loop executed a supply contract with Nike to serve as an anchor customer for the India facility. Solomita described the agreement as providing a fixed annual volume of “Twist,” Loop’s textile-to-textile polyester resin, at a fixed price for multiple years. He added that the contract includes a “take-or-pay” element, meaning Nike would still pay a percentage of the sales price if it does not take delivery of the material. On the call, management said it expects the India plant to have roughly five to six customers in total. Solomita said Loop currently has Tyrell Plus and Nike under contract and is in discussions with additional consumer packaged goods (CPG) and apparel companies to secure offtake commitments to fully contract the facility’s capacity. → Oklo’s Meta Deal De-Risks the Story—Rebound Setup Emerging Solomita emphasized growing demand for textile-to-textile recycling, pointing to regulatory changes in Europe that are intended to increase recycled content in clothing and push brands to address end-of-life textile waste. He said Loop’s technology is well suited for post-consumer textile waste because garments often combine materials (such as polyester with cotton or nylon) and include other components like buttons and zippers. According to Solomita, Loop’s approach relies on low-temperature depolymerization to break polyester down into DMT and MEG while leaving other materials intact so they can be filtered out afterward. He contrasted this with conventional recycling methods that rely on high pressure, high temperature processes or melting, which he said do not work well for mixed textile waste streams. → How Concerned Should Investors Be About Palantir Stock? He also highlighted the India project’s location near a free trade zone, which he said could enable importing waste clothing from Europe or other regions for processing. Solomita added that global polyester textiles represent a significant portion of PET and polyester production, which he said totals about 85 million tons per year, and framed the size of that market as a major opportunity for Loop. Loop said it hired Toyo, a Japanese engineering and construction company, to complete detailed engineering for the India facility. Solomita said detailed engineering began on November 1 and will run through the construction phase, adding that Toyo has a large presence in India and that Loop’s engineering team is “fully deployed” on the project. For Europe, Solomita discussed a modular build approach aimed at lowering capital costs. He said Loop’s design work in India is being adapted so modules can be built in a lower-cost country, shipped to Europe, and assembled on site. During the Q&A, he said the company has seen capital expenditure reductions “probably close to 50%” from modular construction compared with stick-built approaches. When asked whether capital costs in Europe would match India, Solomita said the European plant would likely be somewhat more expensive due to transportation and reassembly costs, but he said those costs could be offset if the selected site already has significant utilities in place. He described utilities as a major cost driver in chemical plants and said the lead German site under negotiation is a large chemical plant location with existing utility infrastructure. Loop also provided an update on its partnership with Reed Management and Société Générale Group, which holds a license to build one Loop plant in Europe. Solomita said the partner had evaluated roughly 20 sites and narrowed the list to three, with one lead site in Germany currently under negotiation. He said Loop expects the site decision to be finalized “very shortly,” likely by the end of January or early February. Once site selection is finalized, Solomita said Loop anticipates generating “meaningful revenue and profits” from providing engineering services for the project. He described engineering and milestone payments as occurring over the next three years and said the company believes those payments could cover Loop’s back-office expenses for several years. In response to a question, Solomita said the European plant is planned at the same scale as the India facility, with 70,000 tons of capacity. He said the European project is expected to be primarily packaging-focused, given textile supply chains are concentrated in Asia, though he noted that textiles could also be processed in Europe depending on customer needs. Management said project financing efforts are continuing. Solomita stated that debt syndication for the India project is “moving well,” with several term sheets received from multilateral development banks, sovereign wealth funds, and commercial banks. He said terms were in line with expectations and that the company anticipates closing debt financing “in the coming months” in line with the project schedule. During the Q&A, Solomita said the India project’s debt package is $130 million, representing 70% of the project financing structure, and that Loop’s equity contribution is expected to be approximately $28 million. On the financial side, Solomita reported cash operating expenses of $2.2 million for the quarter, down $1.1 million year over year. Loop ended the quarter with total liquidity available of $7.7 million, and management said that figure is expected to decline in coming quarters. Solomita said Loop’s focus is raising the remaining financing needed for its equity contribution and operating expenses until the India facility starts up. He added that Loop is engaged with multiple parties regarding financing and expects anticipated engineering revenues from India and Europe to help fund ongoing operations until the first facility becomes operational. Loop also introduced Spencer Hart as its new chief financial officer. Hart said he brings more than 30 years of investment banking experience and intends to focus on supporting capital raising efforts. He also echoed management’s commentary on expense reductions, saying the company had managed expenses well in the quarter and identified opportunities to reduce spending further. Loop Industries (NASDAQ:LOOP) is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges. With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology. The article "Loop Industries Q3 Earnings Call Highlights" was originally published by MarketBeat.