Loop Industries (LOOP) Company Report

Loop Industries announced the appointment of Spencer Hart as its new Chief Financial Officer.
The Infinite Loop India manufacturing facility remains on budget and on schedule, with construction anticipated to be completed in Q4 2027. Loop has secured a multi-year supply contract with Nike to be an anchor customer for this facility, committing to an annual fixed amount of Twist (textile-to-textile polyester resin) at a fixed price, including a guaranteed take-or-pay element.
Progress is being made on the European project with Reed Management, Société Générale Group, with site selection narrowed to three locations and a lead site in Germany expected to be finalized by the end of January or beginning of February. This facility will have a 70,000-ton capacity and is projected to reduce CapEx by nearly 50% through modular construction.
Cash operating expenses for Q3 2026 were $2.2 million, marking a year-over-year decrease of $1.1 million. The company reported total liquidity of $7.7 million at the end of the third quarter.
For the India project, Loop's equity contribution is approximately $28 million, and debt syndication for the $130 million project debt financing is progressing well, with closing expected in the coming months.

Jan 15, 2026, 1:45 PM

Transcript

Loop Industries Appoints New CFO, Provides Updates on India and European Projects

LOOP

CFO Change

New Projects/Investments

Debt Issuance

Loop Industries announced Spencer Hart as its new Chief Financial Officer.
The Infinite Loop India manufacturing facility is on budget and on schedule, with construction expected to be completed by the end of 2027. It has secured Nike as an anchor customer for its Twist textile-to-textile polyester resin, with a guaranteed take-or-pay contract.
Progress on the European project includes narrowing site selection to three, with a lead site in Germany for a 70,000-ton capacity plant. This project is anticipated to generate meaningful engineering revenue and profits, covering Loop's back office expenses for several years.
For Q3 2026, cash operating expenses were $2.2 million, representing a $1.1 million year-over-year decrease, and total liquidity was $7.7 million. Loop's equity contribution for the India project is approximately $28 million, with a total debt package of $130 million.

Jan 15, 2026, 1:45 PM

Transcript

Loop Industries Announces New CFO, Nike Partnership, and Project Progress in Q3 2026

LOOP

CFO Change

New Projects/Investments

Debt Issuance

Spencer Hart was officially welcomed as the new Chief Financial Officer (CFO) of Loop Industries in Q3 2026.
Loop Industries secured Nike as an anchor customer for its Infinite Loop India manufacturing facility through a multi-year supply contract for Twist textile-to-textile polyester resin, including a guaranteed take-or-pay element.
The Infinite Loop India facility remains on budget and on schedule for construction completion by the end of 2027. Progress is also being made on a European project, with site selection narrowed to a lead site in Germany for a 70,000-ton capacity plant.
For Q3 2026, cash operating expenses decreased by $1.1 million year-over-year to $2.2 million, with total liquidity at $7.7 million. The India project's debt package is $130 million, with Loop's equity contribution estimated at approximately $28 million.

Jan 15, 2026, 1:45 PM

Transcript

Loop Industries Reports Q3 Fiscal 2026 Results and Announces Key Commercial and Management Updates

LOOP

Earnings

CFO Change

New Projects/Investments

Loop Industries reported Q3 fiscal year 2026 financial results, with cash operating expenses of $2.2 million, a $1.1 million year-over-year decrease, and total available liquidity of $7.7 million as of November 30, 2025. The net loss for the quarter decreased to $2,944 thousand from $11,912 thousand in the prior year.
The company announced a multi-year offtake agreement with Nike for the sale of Twist™ polyester from its Infinite Loop India joint venture, secured in November 2025.
Progress on the Infinite Loop India project includes the award of a detailed engineering contract to Toyo Engineering India Private Limited in December 2025 and advancing project debt financing with term sheets from international lenders.
Spencer Hart was appointed Chief Financial Officer, effective January 15, 2026, bringing over 30 years of experience to lead financing discussions.

Jan 14, 2026, 9:35 PM

8-K

Loop Industries Appoints Spencer Hart as CFO

LOOP

CFO Change

Executive Compensation

Board Change

Loop Industries, Inc. appointed Spencer Hart as its Chief Financial Officer, principal accounting officer, and principal financial officer, effective January 15, 2026. His employment commenced on January 4, 2026.
Mr. Hart's compensation package includes an annual base salary of USD $200,000, an annual cash incentive bonus opportunity ranging from 25% to 75% of base salary based on performance, and a one-time grant of 1,000,000 stock options with an exercise price of $1.02 per share.
Following his appointment, Mr. Hart will no longer be considered an independent director, and the Board will no longer be comprised of a majority of independent directors, as the company qualifies as a "controlled company" under Nasdaq Listing Rule 5615. He also resigned from the audit, compensation, and nominating and corporate governance committees of the Board.

Jan 8, 2026, 9:31 PM

8-K

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

LOOP

New Projects/Investments

Guidance Update

Revenue Acceleration/Inflection

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.
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. Debt financing is progressing, with the facility targeted to be operational by 2027.
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.
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.

Oct 16, 2025, 12:45 PM

Transcript

Loop Industries Reports Q2 2026 Results and Progresses on Global Expansion

LOOP

New Projects/Investments

Guidance Update

Debt Issuance

Loop Industries reported Q2 2026 cash operating expenses of $2.43 million, representing a $1.74 million year-over-year decrease, and held $9.86 million in total available liquidity at the end of the quarter.
The company secured supply contracts for its Infinite Loop India facility with a leading sports apparel company for Twist resin and with Taroplast for DMT. The $10.5 million land acquisition for the India facility was $5 million under budget compared to the initial project cost estimate of $176 million, with the project on track to be operational by the end of 2027.
Loop established textile industry partnerships with Shinkong (Taiwan) and Hyosung (South Korea) to expand the market reach for its Twist textile-to-textile polyester resin.
Site selection for the initial Infinite Loop facility in Europe is nearing completion, which is anticipated to generate meaningful revenues and profits from engineering and milestone payments.
The company plans for a second, larger 100,000-ton facility in India on the existing 93-acre site, following the first 70,000-ton facility, and is confident in securing equity contribution and maintaining strong liquidity for the India joint venture.

Oct 16, 2025, 12:45 PM

Transcript

Loop Industries Reports Q2 Fiscal 2026 Results and Provides Commercialization Update

LOOP

Earnings

New Projects/Investments

Guidance Update

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.
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.
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.
The Infinite Loop Europe project is in an advanced stage of site selection and is anticipated to generate engineering revenues in 2026.

Oct 15, 2025, 9:53 PM

8-K

Loop Industries Enters into Securityholders Agreement for European Joint Venture

LOOP

New Projects/Investments

Debt Issuance

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.
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.
RCE and Loop hold interests in the JV on a 90/10 basis, respectively.
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.
The JV's Board of Directors is composed of four directors, with Loop entitled to nominate one and RCE nominating the remainder.

Sep 29, 2025, 8:30 PM

8-K

Loop Industries Secures Multi-Year Off-Take Agreement

LOOP

New Projects/Investments

Revenue Acceleration/Inflection

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