Loop Industries (NasdaqGM:LOOP) Q3 2026 Earnings call January 15, 2026 08:45 AM ET Speaker3Good morning, ladies and gentlemen. Thank you for standing by, and welcome to Loop Industries' third quarter fiscal 2026 corporate update call. At this time, all participants are in a listen-only mode. Following prepared remarks, we will open the call for questions. Instructions will be provided at that time. This conference call is being recorded today, Thursday, January 15th, 2026. The earnings release accompanying ...

“We built SuperCircle to give retailers a scalable and financially sound system for end-of-life,” said Chloe Songer, co-founder and CEO of SuperCircle. “Enabling value generation from textiles—long after purchase via consumer trade-in—and drastically reducing supply chain losses on excess, damages and returns: Capturing maximum value from every T-shirt, sneaker, sheet set and handbag produced.”SuperCircle said the funding will “propel” the waste management platform’s expansion, accelerating its technology d ...

Circulose is on a hot streak.​Just days after the regenerated cellulosic fiber maker announced that Bestseller, John Lewis, C&A, Filippa K, Reformation, Faherty, Bobo Choses and Zero joined its stable of brand partners, Birla Cellulose was brought to the fold. Circulose has signed a strategic partnership agreement with the Cellulosic Fibres Business of the Aditya Birla Group to accelerate textile recycling.​“Over the past year, we’ve refined our approach to put brands at the center, with a clear focus on cr ...

Core Insights - Refiberd, a textile recycling startup based in Cupertino, California, has secured additional funding and resources through an agreement with PDS Ventures, extending its momentum following a successful win in June [1] - The company's strategy involves a plug-and-play approach, integrating its AI technology into existing sorting and recycling operations to address inefficiencies in garment material composition detection [2] - Refiberd's co-founder and CEO, Sarika Bajaj, highlighted the significance of partnerships in gaining traction within the industry, particularly given the challenges of entering a market without an established network [4] Company Overview - PDS Limited, the partner of Refiberd, is on track to exceed $1 billion in turnover this year and collaborates with over 600 factories globally to provide manufacturing sourcing and brand solutions [5] - For fiscal 2023, PDS reported consolidated revenues of 105.77 billion rupees, approximately $1.27 billion, and has committed around $50 million over six years to support early-stage companies in material science and fashion technology [5] Industry Challenges - The recycling pipeline currently sees about $100 million worth of garments, but less than 2% is recycled due to inadequate sorting infrastructure and fabric adulteration, a problem that Refiberd aims to address [6]

Financial Data and Key Metrics Changes - Cash operating expenses for Q1 fiscal 2026 were $2,600,000, a reduction of $2,200,000 or 46% compared to the same quarter last year [14] - Cash used in operating activities for the quarter was $3,100,000, including working capital outflows of $800,000 [14] - The company ended the quarter with available liquidity of $12,300,000 [14] Business Line Data and Key Metrics Changes - The company is advancing discussions with leading global apparel brands and consumer packaged goods (CPG) brands for textile-to-textile recycling solutions [5][6] - European beverage brands are seeking high-quality recycled PET due to declining quality from mechanical recycling [7][8] - The confirmed CapEx for the Indian facility is $176,000,000, which includes a polymerization unit and all financing costs [9] Market Data and Key Metrics Changes - The Indian textile industry provides a plentiful supply of waste polyester fiber, which is advantageous for the company's operations [6] - The low-cost structure in India allows the company to offer high-quality PET at competitive prices [8][9] Company Strategy and Development Direction - The company is focused on the development of Infinite Loop manufacturing facilities in India and Europe, leveraging local joint venture partners [4][5] - Modularization of projects is expected to significantly reduce CapEx by 50%, enhancing the company's competitive position [12][13] - The long-term vision includes driving significant shareholder value through the rollout of manufacturing facilities and generating multiple revenue streams [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in securing customer contracts and financing for the Indian facility, with a focus on long-term agreements [21][22] - The company is optimistic about the future, citing strong relationships with customers and the potential for additional facilities in India [56][57] Other Important Information - The company is working with KPMG to syndicate debt financing for the Indian facility [30] - The total equity contribution required for the Indian facility is $25,000,000, with a funding gap of approximately $15,000,000 [50][52] Q&A Session Summary Question: Can you provide details on your offtake agreements? - The company is advancing discussions with customers for long-term contracts, which may take longer to finalize due to internal processes [21][22] Question: What is the capital intensity of Loop's facilities? - The gross CapEx per pound for Loop's technology is 61¢, excluding certain costs [36][38] Question: What are the next steps for the project? - The company is focused on securing customer contracts and finalizing land selection in Gujarat [31][32] Question: What is the timeline for the facility's construction? - The facility is expected to be operational by the end of 2027, with an 18-month construction period [43][44] Question: How does the company plan to finance the project? - The company is evaluating several opportunities to cover the $15,000,000 funding gap needed for the project [52] Question: Can you update on the licensing pipeline? - The company is optimistic about potential licensing opportunities, especially with reduced CapEx for future projects [54][56]