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Highlights

  • Quarterly revenue of $63,399, a 39% decrease from the same period in 2024
  • Loss from operations for Q3 2025 increased to $2.85 million
  • Company maintains a cash position of $8.4 million as of February 28, 2025

Aduro Clean Technologies Inc. (Nasdaq: ADUR, CSE: ACT), a clean technology company specializing in the transformation of waste plastics, heavy bitumen, and renewable oils, has reported its interim financial results for the third quarter and nine-month period ended February 28, 2025.

For the third quarter of fiscal 2025, Aduro recorded revenue of $63,399, reflecting a 39% decline compared to $103,628 in the same period of the previous year. The company's year-to-date revenue for the nine months ending February 28, 2025, was $156,542, down 33% compared to the same period in 2024. This decrease in revenue is attributed to the nature of Aduro’s business model, where revenue is generated through customer engagement programs (CEPs) that are project-based and non-recurring. These programs involve testing and evaluating the company’s technology applications.

Aduro’s loss from operations for the third quarter was $2,851,772, an increase from the $2,027,383 loss reported in Q3 2024. The rise in losses was mainly due to the company’s ongoing growth initiatives, including hiring new employees, the increase in non-cash share-based compensation, and costs associated with its Nasdaq listing in November 2024.

As of February 28, 2025, Aduro’s property, plant, and equipment assets were valued at $4.2 million, reflecting a slight increase from the prior periods. The increase in assets was primarily due to investments in research equipment and laboratory facilities to support the company’s growth.

The company ended the quarter with a cash balance of $8.4 million.