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[VIDEO ENHANCED] Ecolomondo Releases its Interim Consolidated Financial Statements for the Second Quarter of 2025
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Montreal, QC, August 29, 2025 – TheNewswire - Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “Company” or “Ecolomondo”), a leading Canadian innovator in sustainable scrap tire recycling technology, announces the release of its unaudited consolidated financial statements and notes thereto and its related management discussion and analysis for the three-month period ended June 30, 2025. These documents are available on SEDAR at www.sedar.com.
The Company made significant progress in its commercialization during the second quarter of 2025. The Company achieved important milestones especially related to the installation and commissioning of the new milling equipment, in the recovered Carbon Black (“rCB”) department. It also produced rCB and was able to supply samples for testing to its main off-take customer. The commissioning of the new milling line is very important to achieve full ramp-up of the Hawkesbury plant because the rCB is the largest revenue driver.
As a subsequent event to the second quarter, in July, the Company’s main offtake client for rCB approved the quality of rCB produced at the Hawkesbury TDP facility. The client issued 5 consecutive purchase orders from July to August for truckloads of 23-24 metric tons of rCB, which have already been delivered. In addition, another major off-take customer based in the USA recently approved the quality of the Company’s rCB produced at the Hawkesbury TDP facility and the Company expects that the customer should soon begin to place bulk purchase orders of rCB.
During the second quarter of 2025, the Company also executed key financial activities. It raised $1.5 million in capital with 2 private placements. It also agreed with Export Development Canada (“EDC”) for a temporary principal and interest postponement on its 3 loan agreements (the main Amended and Restated Loan Agreement of $37.9M signed in December 2023, the credit facility of $3M signed in July 2024, and the credit facility of $2M signed in January 2025), with final documentation signed in April 2025. These agreements with EDC provide the Company an improved working capital and should bring investors a higher sense of confidence, which is crucial for the Company to raise capital needed to help achieve its strategic goals. These agreements resulted in a Gain on long term debt modification of $2,495,209, recorded in the Interim Consolidated Statements of Profit or Loss and Comprehensive Profit or Loss during the second quarter of 2025.
The Company virtually held its Annual General Meeting of Shareholders on June 27, 2025. The Shareholders of the Company unanimously adopted all resolutions presented to them, including the appointment of ForvisMazars S.E.N.C.R.L. as auditors for the ensuing year and the appointment of all the directors proposed by the management: Mrs. Lynn Côté, Mr. Mathieu Couillard, Mr. Michael Frankel, Mr. Frank Kelly, Hon. Christian Paradis, Mr. Donald Prinsky and Mr. Eliot Sorella.
During the quarter, the Company was engaged in progressive discussions with strategic partners while seeking future sites to build other TDP turnkey facilities, all as part of the Company’s global expansion strategy. On December 2, 2024, the Company signed a non-binding letter of intent for a joint venture with ARESOL to build a 4-reactor TDP facility that could process 20,000 metric tons/year of end-of-life tires in Spain. After further discussions and following a detailed technical audit by ARESOL, in July 2025, the parties concluded a definitive agreement to build four TDP turnkey facilities in the European Union, with the first to be built in Valencia, Spain. Locations of the other three sites will be determined once necessary due diligence is performed by the parties with the focus on feedstock availability, tipping fees, offtake agreements and government support. ARESOL is a business group with over 40 years of experience in the renewable energy sector that develops, executes and operates renewable energy projects from conception to installation and operation.
Highlights of the unaudited consolidated financial statements and notes thereto for the interim period ended June 30, 2025, are:
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The Company had revenues of $395,149, representing an increase of 212% over the same period in 2024, mainly from the sale of end-products and earning of tipping fees at the Hawkesbury facility.
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Losses from Operations totalled $1,042,497 for the quarter, compared to a loss of $443,418 for the same period of 2024. The Company’s financial statements reflect a profit of $1,452,712, due to a calculation of the present value of the amended cash flows in the amount of $2,495,209, that resulted from the postponement and capitalization of interest on the Company’s long-term debt with EDC.
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Capital expenditures for the Hawkesbury TDP turnkey facility totaled $51,358,723, net of depreciation.
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The Company had cash and cash equivalents of $1,508,645. The Company expects to use approximately an additional $2.0 million in the next 12 months, mostly to fulfill working capital needs and capital purchases required at the Hawkesbury TDP facility.
CURRENT EVENTS
Webinar available
New Ecolomondo Podcast Available
The Company’s Executive Chairman, Eliot Sorella, recently participated in a podcast in the series “Stock to Watch”. The video is available on:
About Ecolomondo Corporation
Ecolomondo Corporation, headquartered in Québec, is a Canadian cleantech company that takes pride in its proprietary Thermal Decomposition technology (TDP). It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high value re-usable commodities from scrap tire waste, notably rCB, oil, syngas, fiber and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol (TSXV:ECM) and in the United States under the symbol (OTCQB:ECLMF). To learn more, visit www.ecolomondo.com
Revenue Streams of TDP Facilities
Revenues from TDP turnkey facilities will come from selling of the end-products they produce, namely recovered carbon black, oil, gas, fiber and steel and from tipping fees (or disposal fees) for the processing of scrap tires.
About the Hawkesbury Plant – A 2-Reactor TDP Facility
The Hawkesbury facility building is 46,200 sq.ft and has an indoor clearance of 28 feet. It is modern and houses 3 main production departments, tire shredding, thermal decomposition and recovered carbon black refining. Once fully operational, this facility is expected to process approximately 1 million scrap tires per year mostly comprised of car, SUV and truck tires resulting in the production of approximately 4,000 MT of recovered carbon black, 5,000 MT of pyrolysis oil, 2,000MT of steel, and 1,200 MT of process gas.
About the Shamrock Project – A 6-Reactor TDP Facility
Processing capabilities for the Shamrock facility is projected at 5 million end-of-life tires per year, yielding approximately 15,000 MT of recovered carbon black, 18,000 MT of oil, 7,500 MT of steel, and to process 4,500 MT of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output that is expected to soon commence regular commercial operations. Facility construction is expected to begin by the third quarter of 2025 and projected to cost approximately US$93 million.
Our Mission, Vision & Strategy
Ecolomondo’s mission is to be a contributing participant in a dynamic Circular Economy and to increase shareholder value by producing and supplying large quantities of recovered resources to be re-used in the manufacture of new products.
Ecolomondo’s vision is to be a leading producer and reseller of recovered resources by building and operating TDP facilities, strategically located in industrialized countries, close to feedstock, labor and offtake customers.
Our strategy is to become a major global builder and operator of TDP turnkey facilities, for now specializing in the processing of ELTs. Our intent is to expand aggressively in North America and Europe. Our experience and modular technology should help us get there faster and better. We plan to keep performing ongoing research and development to ensure that Ecolomondo remains technologically advanced.
ISCC Certification
A confirmation of the Company’s successful process lies in the recent International Sustainability and Carbon Certification (“ISCC”) for its Hawkesbury TDP facility, another step forward that should help improve demand for TDP. ISCC is a Global Sustainability Certification System and offers chain-of-custody certification systems to ensure traceability and feedstock identity, which can add commercial value to the Company’s end-products as they remain traceable in the supply chain.
Environmental, Social & Governance (ESG)
On the social aspect the Company plans to measure global health and safety, injury rate and gender diversity, and finally in the corporate governance aspect, the Company is measuring ethics and anticorruption, ESG reporting and board independence.
About TDP
The TDP process is technically proven and more advanced than most other pyrolysis technologies. Over the years, our Technological teams were able to overcome all uncertainties that plagued most competitors especially in these areas: pre-filtration, reactor cooling, reactor rotation, water recycling, processing of rCB, (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, system automation, emissions control and monitoring.
TDP is Environmentally Friendly – CO2 Reduction
By producing rCB, TDP reduces GHG emissions by 90% versus the production of virgin carbon black. The production of rCB at the Hawkesbury and Shamrock facilities are expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively.
Please follow Ecolomondo on Twitter, Facebook, LinkedIn, Instagram and YouTube.
Twitter: https://twitter.com/EcolomondoECM
Facebook: https://www.facebook.com/EcolomondoECM
LinkedIn: https://www.linkedin.com/company/ecolomondo/
Instagram: https://www.instagram.com/ecolomondoecm/
YouTube: https://www.youtube.com/@Ecolomondo
Ecolomondo Corporation Contact
JF Labbé
Interim CEO, Ecolomondo
Tel: (450) 587-5999
jflabbe@ecolomondocorp.com
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.