Gerard Sweeney

Marvin Wolff

Jonathan Norwood

Nicholas Boychuk

Varyk Kutnick

Brandon Rogers

- Loop Industries made significant progress on its **Infinite Loop India manufacturing facility** in Q2 2026, securing an **anchor supply contract** with a leading sports apparel company that includes a **guaranteed take or pay element**, and a supply contract with **Taro Plast** for DMT.  **[0001504678_2188223_1]** 
- The company acquired **93 acres of land in Gujarat, India** for **$10,500,000**, which was **$5,000,000 under the estimated project cost**, and the project is currently **$6,000,000 under budget**.  **[0001504678_2188223_1]**  Debt financing is progressing, with the facility targeted to be operational by **2027**.  **[0001504678_2188223_1]** **[0001504678_2188223_3]** 
- Loop is also nearing site selection for an additional facility in Europe, which is anticipated to generate **meaningful revenues and profits from engineering and milestone payments**, covering the company's back office expenses for several years.  **[0001504678_2188223_1]** **[0001504678_2188223_2]** 
- For Q2 2026, cash operating expenses were **$2,430,000**, representing a year-over-year decrease of **$1,740,000**, and total available liquidity stood at **$9,860,000**.  **[0001504678_2188223_2]**

Loop Industries Provides Q2 2026 Corporate Update, Highlights India Facility Progress and European Expansion

- Loop Industries reported a **net loss of $(3,204) thousand** and **$0 in revenue** for the second quarter of fiscal year 2026, with **cash operating expenses of $2.43 million** and **total available liquidity of $9.86 million** as of August 31, 2025.  **[1504678_0001437749-25-031069_ex_859992.htm:2]** **[1504678_0001437749-25-031069_ex_859992.htm:4]** **[1504678_0001437749-25-031069_ex_859992.htm:6]** 
- For its Infinite Loop India facility, the company secured a **93-acre site** in Gujarat, India, for **$10.5 million**, which is a **$5 million reduction** in the project cost estimate, and is making **positive progress on project debt financing**.  **[1504678_0001437749-25-031069_ex_859992.htm:1]** **[1504678_0001437749-25-031069_ex_859992.htm:2]** 
- Loop Industries executed **offtake agreements** for its Infinite Loop India facility with a **leading global branded sports apparel company** and **Taro Plast S.p.A.**, and formed strategic alliances with **Shinkong Synthetic Fibers Corporation** and **Hyosung TNC**.  **[1504678_0001437749-25-031069_ex_859992.htm:0]** **[1504678_0001437749-25-031069_ex_859992.htm:1]** 
- The Infinite Loop Europe project is in an **advanced stage of site selection** and is anticipated to generate **engineering revenues in 2026**.  **[1504678_0001437749-25-031069_ex_859992.htm:1]** **[1504678_0001437749-25-031069_ex_859992.htm:2]**

Loop Industries Reports Q2 Fiscal 2026 Results and Provides Commercialization Update

- Loop Industries, Inc. entered into a **Securityholders Agreement** with Reed Circular Economy (RCE) on **September 23, 2025**, to establish the framework for the **Infinite Loop Europe SAS (JV)**, a European joint venture.  **[1504678_0001437749-25-030024_loop20250929c_8k.htm:1]** 
- The JV's purpose is the non-exclusive development, financing, construction, ownership, operation, and commercialization of chemical upcycling plants and related products using Loop's technology within Europe.  **[1504678_0001437749-25-030024_loop20250929c_8k.htm:1]** 
- **RCE and Loop hold interests in the JV on a 90/10 basis**, respectively.  **[1504678_0001437749-25-030024_loop20250929c_8k.htm:1]** 
- **RCE provided the JV with a €10 million shareholder loan** to fund the first royalty tranche under the License Agreement, accruing **11.9% payment-in-kind interest per annum** and maturing on **December 27, 2027**.  **[1504678_0001437749-25-030024_loop20250929c_8k.htm:1]** 
- The JV's Board of Directors is composed of **four directors, with Loop entitled to nominate one and RCE nominating the remainder**.  **[1504678_0001437749-25-030024_loop20250929c_8k.htm:1]**

Loop Industries Enters into Securityholders Agreement for European Joint Venture

- **Loop Industries, Inc.** (LOOP) entered into a **multi-year off-take agreement** on **September 1, 2025**, with affiliates of a **leading sports apparel company**.  **[1504678_0001437749-25-029350_loop20250917_8k.htm:1]** 
- Under the terms, Loop will supply agreed minimum volumes of **"Twist" circular polyester resin**, made entirely from **textile waste**, at an agreed price.  **[1504678_0001437749-25-029350_loop20250917_8k.htm:1]** 
- The supply of the resin is contingent upon the company's planned **Infinite Loop™ India facility becoming operational**.  **[1504678_0001437749-25-029350_loop20250917_8k.htm:1]**

Loop Industries (LOOP)