# EDGAR Filing Document

**Accession Number:** 0001504678
**File Stem:** 0001654954-25-008089
**Filing Date:** 2025-7
**Character Count:** 29915
**Document Hash:** 68b500f8627b8cd17854b4e2655ab053
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-008089.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001654954-25-008089

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250715

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Loop Industries, Inc.
- **CENTRAL INDEX KEY:** 0001504678
- **STANDARD INDUSTRIAL CLASSIFICATION:** CHEMICALS & ALLIED PRODUCTS [2800]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 272094706
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38301
- **FILM NUMBER:** 251125149

**BUSINESS ADDRESS:**
- **STREET 1:** 480 FERNAND POITRAS
- **CITY:** TERREBONNE
- **STATE:** A8
- **ZIP:** J6Y 1Y4
- **BUSINESS PHONE:** 450-951-8555

**MAIL ADDRESS:**
- **STREET 1:** 480 FERNAND POITRAS
- **CITY:** TERREBONNE
- **STATE:** A8
- **ZIP:** J6Y 1Y4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST AMERICAN GROUP INC.
- **DATE OF NAME CHANGE:** 20101101

?xml version='1.0' encoding='ASCII'? loop_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported)

**July 15, 2025**

---

| |
|:---|
| **LOOP INDUSTRIES, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-38301** | **27-2094706** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

---

**480 Fernand-Poitras**

**<u>Terrebonne, Quebec, Canada, J6Y 1Y4</u>**

(Address of principal executive offices, including zip code)

**<u>(450) 951-8555</u>**

(Registrant's telephone number, including area code)

**<u>Not Applicable</u>**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading** <br>**Symbol(s)** | **Name of each exchange** <br>**on which registered** |
| Common stock, par value $0.0001 per share | LOOP | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02. Results of Operations and Financial Condition.**

On July 15, 2025, Loop Industries, Inc. (the "Company") issued a press release announcing its financial results for the first quarter of the fiscal year ending February 28, 2026. A copy of the Company's press release is attached hereto as Exhibit 99.1.

The information in this Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 7.01 Regulation FD Disclosure.**

To satisfy its obligations under Regulation FD, Loop Industries, Inc. is furnishing an investor presentation, which is separately being provided to investors. The presentation slides will be posted on our web site (http://www.loopindustries.com/en/investors/home). The forward-looking statements disclosure included in the presentation slides is incorporated into this Item 7.01 by reference.

Investors and others should note that we announce material financial information to our investors using our investor relations web site (http://www.loopindustries.com/investors/overview), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media, to communicate with our investors and the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage investors, the media, and others interested in our company to review the information we post on the United States social media channels listed on our investor relations web site.

The information contained in this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| [99.1](loop_ex991.htm) | [Press Release, dated July 15, 2025, announcing financial results for the first quarter of the fiscal year ending February 28, 2026.](loop_ex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **LOOP INDUSTRIES, INC.** | **LOOP INDUSTRIES, INC.** |
| Date: July 15, 2025 | By:  | /s/ *Nicolas Lafond* |
|  |  | Nicolas Lafond |
|  |  | Interim Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**LOOP INDUSTRIES REPORTS FIRST QUARTER FISCAL 2026 RESULTS AND CONTINUES PROGRESS TOWARDS GROUNDBREAKING IN INDIA AND PROJECT EXECUTION IN EUROPE**

· CONTINUING TO ADVANCE CUSTOMER OFF-TAKE AGREMEENTS FOR INDIA

· SITE SELECTION BEING FINALIZED FOR INDIAN FACILITY

· ENGINEERING SERVICES AGREEMENT SIGNED FOR INDIA

· MODULAR CONSTRUCTION STRATEGY TO SIGNIFICANTLY REDUCE CAPEX AND ENHANCE RETURNS FOR EUROPEAN AND FUTURE FACILITIES

LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON WEDNESDAY, JULY 16, 2025

**MONTREAL, QC/ACCESSWIRE/JULY 15, 2025 —** Loop Industries, Inc. (Nasdaq: LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular economy for polyester by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today reported its consolidated financial results for the first quarter for fiscal year 2026 and provided an update on its continuing progress towards groundbreaking of its first planned manufacturing facility in India and project execution efforts in Europe.

**Infinite Loop™ India Update** 

· **Offtake discussions progressing:** Negotiations with apparel and CPG brands to secure off-take agreements for the Infinite Loop™ India facility continue to advance. We believe that the low-cost structure of the facility allows us to offer competitive pricing to our customers for a superior product, while achieving our objectives for profitability and return on investment and generating cash flow to fund future capacity expansion.

· **Site selection nearing completion:** We have narrowed site options to two locations in the Gujarat province of India. Final selection is anticipated in the second fiscal quarter.

· **Engineering services agreement signed**: In June 2025, Loop executed a $1.5 million engineering services agreement with ELITe, our India JV with Ester Industries Ltd., through which Loop will support the detailed engineering phase for the Infinite Loop™ India facility and its targeted construction start by the end of calendar 2025. We anticipate entering into additional engineering services agreements for India, as well as for Europe and other projects as we advance the development of future Infinite Loop™ facilities.

· **Capital expenditures estimate on track:** As previously announced, TATA Consulting Engineers completed the front-end engineering design (FEED) study. ELITe has decided to integrate a continuous polymerization line into the Infinite Loop™ India facility, to further enhance its operational efficiency. Based on the study, the total estimated investment for the facility, including the addition of the continuous polymerization line, as well as construction financing, land acquisition, engineering expenses, and initial working capital, is $176 million.

· **KPMG** has been retained by ELITe to manage the debt syndication process for the Infinite Loop™ facility in India.

**European Partnership with Reed Societe Generale Group**

· **Site selection progressing:** We are collaborating with Reed Societe Generale Group to finalize the selection of a site for the first Infinite Loop™ manufacturing facility in Europe.

· **Loop to provide engineering and modular construction for facility:** Once the project site is identified, we expect to provide engineering services to support project execution, along with a modular construction solution for the Infinite Loop™ Europe project to enhance project profitability and returns and accelerate the timing of project start-up.

**Financial highlights**

Cash operating expenses\* for the quarter were $2.6 million, reflecting a significant year-over-year decrease of $2.2 million. At the end of the first quarter, we had total available liquidity of $12.3 million, which we believe to be sufficient to fund operations while we secure the balance of our financing requirements for our equity contribution to ELITe and for operating expenses until the start-up of the Indian facility.

\*Cash operating expenses include research & development and general & administrative expenses, less stock-based compensation expenses.

**CEO Comment**

"We are encouraged by the progress of our off-take discussions with apparel and CPG brands for the Infinite Loop™ India facility. The low-cost structure of this facility positions us to offer our customers a superior product at highly competitive prices. We are confident that securing these agreements will not only enable us to meet our profitability and ROI targets, but also to generate the cash flow needed to drive our future capacity expansion," said Daniel Solomita, Founder and CEO of Loop. "Beyond our progress in India, we are equally excited about the forthcoming Infinite Loop™ Europe project. We intend to leverage our in-house expertise by providing comprehensive engineering services once the project site is identified. Furthermore, our adoption of a modular construction solution for this facility and future facilities will significantly enhance project profitability and returns, while accelerating the timing of project start-up and bringing our sustainable solutions to market even faster."

**<u>Corporate Update Call</u>**

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:** Wednesday, July 16, 2025

**Time:** 8:45 am Eastern Time

**Participant joining details (by Telephone):** 

**Joining by Telephone:**

United States (Local): +1 404 975 4839

United States (Toll-Free): +1 833 470 1428

Access Code: 437628

OR

Registration Link: <u>https://www.netroadshow.com/events/login?show=afded879&confId=85471</u>

- 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**

**First Quarter Ended May 31, 2025**

The following table summarizes our operating results for the three-month periods ended May 31, 2025 and 2024, in thousands of U.S. Dollars.

---

| | | | |
|:---|:---|:---|:---|
|  | **Three months ended May 31,** | **Three months ended May 31,** | **Three months ended May 31,** |
|  | **2025** | 2024 | Change<br> favorable / (unfavorable) |
| **Revenues** | $**252** | $6 | $246 |
| **Expenses** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee compensation | **702** | 1015 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock-based compensation | **312** | 129 | (183) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; External engineering | **5** | 628 | 623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plant and laboratory operating expenses | **231** | 270 | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **124** | 195 | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total research and development | **1374** | 2237 | 863 |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee compensation | **569** | 635 | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock-based compensation | **63** | 241 | 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional fees | **361** | 1255 | 894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance | **453** | 492 | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **203** | 288 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total general and administrative | **1649** | 2911 | 1262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss on equity accounted investment | **302** |  | (302) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | **100** | 137 | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest and other financial expenses (income) | **419** | 60 | (359) |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | **(100)** | (126) | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gain | **(45)** | (24) | 21 |
| **Total expenses** | **3699** | 5195 | 1496 |
| **Net loss** | $**(3447)** | $(5189) | $1742 |

---

*Revenues*

Revenues for the three-month period ended May 31, 2025 increased $246 to $252, as compared to $6 for the same period in 2024. The revenues for the three-month period ended May 31, 2025 resulted from $244 in engineering fees and $8 from sales of Loop<sup>™</sup> PET resin produced using monomers manufactured at the Terrebonne Facility. The revenues of $6 for the three-month period ended May 31, 2024 resulted from sales of Loop<sup>™</sup> PET resin.

*Research and Development*

Research and development expense for the three-month period ended May 31, 2025 decreased $863 to $1,374, as compared to $2,237 for the same period in 2024. The decrease was primarily attributable to a $623 decrease in external engineering expenses for design work for our Infinite Loop™ manufacturing process, and a $313 decrease in employee compensation expenses, partially offset by a $183 increase in stock-based compensation expenses.

*General and administrative expenses*

General and administrative expenses for the three-month period ended May 31, 2025 decreased $1,262 to $1,649, as compared to $2,911 for the same period in 2024. The decrease was primarily attributable to a $894 decrease in professional fees, which was mainly attributable to legal costs related to our partnerships with Reed Societe Generale Group and Ester incurred in the three-month period ended May 31, 2024, a $178 decrease in stock-based compensation expense mainly due to $(268) of forfeitures recorded in the three-month period ended May 31, 2025, and a decrease of $66 in employee compensation expenses.

*Loss on equity accounted investment*

Loss on equity accounted investment increased by $302 for the three-month period ended May 31, 2025. This loss relates to the Company's 50% portion of the loss incurred by the India JV for the three-month period ended May 31, 2025, during which the India JV incurred preliminary project costs for the planned Infinite Loop™ facility in India, which are mainly engineering fees.

*Interest and other financial expenses*

Interest and other financial expenses increased by $359 for the three-month period ended May 31, 2025. This increase is mainly attributable to the accrued PIK dividend on the Series B Convertible Preferred Stock issued to RCE recorded as an interest expense for $340 in the three-month period ended May 31, 2025 (2024 – nil).

*Net Loss*

The net loss for the three-month period ended May 31, 2025 decreased $1,742 to $3,447, as compared to $5,189 for the same period in 2024. This decrease was primarily due to the decrease of $1,262 in general and administrative expenses and the decrease of $863 in research and development expenses, which were partially offset by the $359 increase in interest and other financial expenses and the increase of $302 in loss on equity accounted investment.

**Loop Industries, Inc.**

**Condensed Consolidated Statements of Operations and Comprehensive Loss**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| *(in thousands of U.S. dollars, except per share data)* | **Three Months Ended** | **Three Months Ended** |
|  | **May 31, 2025** | **May 31, 2024** |
| Revenues | $**252** | $6 |
| Expenses : |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development | **1374** | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative | **1649** | 2911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | **100** | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss on equity accounted investment | **302** | - |
| Total expenses | **3425** | 5285 |
| Other loss (income) : |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest and other financial expenses | **419** | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | **(100)** | (126) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gain  | **(45)** | (24) |
| Total other loss (income) | **274** | (90) |
| Net loss | **(3447)** | (5189) |
| Other comprehensive (loss) income : |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation adjustment  | **(19)** | (55) |
| Comprehensive loss | $**(3466)** | $(5244) |
| Net loss per share |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted | $**(0.07)** | $(0.11) |
| Weighted average common shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted | **47664134** | 47535413 |

---

**Loop Industries, Inc.**

**Condensed Consolidated Balance Sheets**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| *(in thousands of U.S. dollars, except per share data)* | **As at** | **As at** |
|  | **May 31,**<br> **2025** | **February 28, 2025** |
| **Assets** |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $**9748** | $12973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable | **974** | 639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Inventories | **86** | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | **507** | 158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | **11315** | 13852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments in joint ventures | **979** | 1281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment, net | **1787** | 1737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intangible assets, net | **1840** | 1708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $**15921** | $18578 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounts payable and accrued liabilities | $**3513** | $3545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unearned revenue | **102** | 102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Current portion of long-term debt | **409** | 312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | **4024** | 3959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Due to customer | **848** | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B Convertible Preferred stock | **10987** | 10647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | **2786** | 2773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | **18645** | 18211 |
| **Stockholders' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A Preferred stock par value $0.0001; 25,000,000 shares authorized; one share issued and outstanding | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stock par value $0.0001; 250,000,000 shares authorized; 47,718,350 shares issued and outstanding (February 28, 2025 – 47,528,908) | **5** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital | **193904** | 193529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated deficit | **(195474)** | (192027) |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive loss | **(1159)** | (1140) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total stockholders' equity | **(2724)** | 367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders' equity | $**15921** | $18578 |

---

**Loop Industries, Inc.**

**Condensed Consolidated Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| *(in thousands of U.S. dollars)* | **Three Months Ended May 31,** | **Three Months Ended May 31,** |
|  | **2025** | 2024 |
| **Cash Flows from Operating Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss | $**(3447)** | $(5189) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | **100** | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock-based compensation expense | **375** | 370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other financing costs | **369** | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on equity accounted investment | **302** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable | **(297)** | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | **-** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | **(343)** | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable and accrued liabilities | **(141)** | 577 |
| Net cash used in operating activities | **(3082)** | (3915) |
| **Cash Flows from Investing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Additions to intangible assets | **(115)** | (176) |
| Net cash used in investing activities | **(115)** | (176) |
| **Cash Flows from Financing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowings under credit facility | **-** | 2517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repayment of long-term debt | **(55)** | (25) |
| Net cash (used) provided by financing activities | **(55)** | 2492 |
| Effect of exchange rate changes | **27** | (68) |
| Net decrease in cash | **(3225)** | (1667) |
| Cash and cash equivalents, beginning of period | **12973** | 6958 |
| Cash and cash equivalents, end of period | $**9748** | $5291 |
| **Supplemental Disclosure of Cash Flow Information:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax paid | $**-** | $- |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest paid | $**50** | $42 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest received | $**100** | $195 |

---

**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 our 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 its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber 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 Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

**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 anticipated project timelines and capital requirements for our projects in India and Europe, and the expected benefits of our strategies and partnerships in supporting these efforts. 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 Relations

Loop Industries, Inc.

+1 617-755-4602

kodowd@loopindustries.com