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[VIDEO ENHANCED] Ecolomondo Releases its Interim Consolidated Financial Statements for the Second Quarter of 2025
Thenewswireยท2025-08-29 13:00

Core Viewpoint - Ecolomondo Corporation has made significant advancements in its sustainable scrap tire recycling technology, particularly in the commercialization of its recovered Carbon Black (rCB) production, which is crucial for revenue generation [2][3][11]. Financial Performance - For the three-month period ended June 30, 2025, Ecolomondo reported revenues of $395,149, marking a 212% increase compared to the same period in 2024, primarily driven by sales of end-products and tipping fees [11]. - The company recorded a loss from operations of $1,042,497 for the quarter, compared to a loss of $443,418 in the same period of 2024 [11]. - A gain of $2,495,209 was recognized due to the modification of long-term debt agreements with Export Development Canada (EDC) [4][11]. Operational Developments - The company successfully installed and commissioned new milling equipment at the Hawkesbury plant, which is essential for ramping up rCB production [2]. - In July 2025, the main off-take client approved the quality of rCB produced, leading to five consecutive purchase orders for truckloads of 23-24 metric tons of rCB [3]. Strategic Initiatives - Ecolomondo is pursuing global expansion by engaging in discussions with strategic partners and planning to build additional TDP turnkey facilities [6]. - A definitive agreement was reached with ARESOL to construct four TDP facilities in the European Union, with the first facility planned for Valencia, Spain [6]. Capital and Funding - The company raised $1.5 million through two private placements during the second quarter of 2025 [4]. - Ecolomondo has secured temporary postponements on principal and interest payments for three loan agreements with EDC, enhancing its working capital position [4]. Environmental Impact - The TDP process employed by Ecolomondo is expected to reduce greenhouse gas emissions by 90% compared to the production of virgin carbon black, with significant CO2 reductions projected from both the Hawkesbury and Shamrock facilities [22]. Future Outlook - Ecolomondo aims to be a leading player in the cleantech sector and contribute to the global circular economy by producing and supplying recovered resources [13][16].