EcoSynthetix Inc (ECO)

EcoSynthetix Announces Voting Results for Election of DirectorsMay 21, 2026 5:00 PM
PR Newswire (Canada) BURLINGTON, ON, May 21, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced the voting results from its Annual and Special Meeting of Shareholders held on May 21, 2026.The five nominees listed in the Management Information Circular, dated April 2, 2026, were elected as directors of EcoSynthetix. The results of the vote are set out below: NomineeNumber
of Votes For% of Votes
Cast ForNumber of
Votes Withheld% of Votes
Cast WithheldJeff MacDonald20,576,97999.65 %72,3940.35 %Susan Allen20,577,37399.65 %72,0000.35 %Sara Elford20,578,17399.66 %71,2000.34 %Jeffrey Nodland20,576,97999.65 %72,3940.35 %Gregory Yull20,578,97999.66 %72,3940.34 %Shareholders also voted in favour of all other resolutions at the meeting. For further details, visit the Company's website at www.ecosynthetix.com or the Company's filings on SEDAR plus at www.sedarplus.ca.About EcoSynthetix Inc. (www.ecosynthetix.com) EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™, and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T: ECO).SOURCE EcoSynthetix Inc. Original: EcoSynthetix Announces Voting Results for Election of Directors

EcoSynthetix Announces Normal Course Issuer BidMay 12, 2026 4:15 PM
PR Newswire (Canada) BURLINGTON, ON, May 12, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, announced today that it intends to make a normal course issuer bid (the "Bid") to repurchase, on the open market through the facilities of the Toronto Stock Exchange ("TSX"), other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable Canadian securities laws, certain of its outstanding common shares ("Shares").The number of Shares to be purchased during the period of the Bid from May 15, 2026 to May 14, 2027 will not exceed 4,285,659 Shares, being approximately 10% of the outstanding Shares as of May 1, 2026, other than the Shares held by directors, senior officers and principal security holders (the "Public Float"). The actual number of Shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by the management of EcoSynthetix. As at May 1, 2026 there were 58,846,421 Shares issued and outstanding and the Public Float consisted of 42,856,593 Shares. The average daily trading volume of the Shares on the TSX (the "ADTV") for the most recently completed six month period was 24,722 Shares. Pursuant to the terms of the Bid, EcoSynthetix will not acquire on any given trading day more than 25% of the ADTV for the most recently completed six-month period, being 6,180 Shares, other than block purchase exceptions. All purchases made pursuant to the Bid will be made on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable Canadian securities laws and EcoSynthetix will cancel any such Shares purchased pursuant to the Bid. The price that the Company will pay for Shares in open market transactions will be the market price at the time of purchase.The Bid has been authorized by the Board of Directors of EcoSynthetix to allow EcoSynthetix to purchase Shares if in the opinion of management the purchases can be made on terms which will enhance the value of the remaining outstanding Shares.EcoSynthetix is undertaking the Bid because it believes that the market may undervalue the Shares of EcoSynthetix from time to time and that the Shares may trade in a price range which may not adequately reflect the value of the Shares in relation to the business, assets and future prospects of EcoSynthetix from time to time.Pursuant to the previous notice of intention to conduct a normal course issuer bid, under which the Company sought and received approval from the TSX to purchase up to 4,094,000 Shares, 542,963 Shares were purchased for the period from May 15, 2025 to May 1, 2026. Such Shares were purchased in open market transactions at the market price of the Shares at the time of acquisition. The volume weighted average price paid for such Shares was $3.76 per Share.In connection with the Bid, the Company also announced that it has implemented an automatic securities purchase plan (the "Automatic Repurchase Plan") with its designated broker in order to facilitate the purchases of its Shares under the Bid. Under the Automatic Repurchase Plan, the Company's designated broker may purchase Shares pursuant to the NCIB at times when the Company ordinarily would not be active in the market due to regulatory restrictions or self-imposed blackout periods. Purchases made pursuant to the Automatic Repurchase Plan, if any, will be made by the Company's designated broker based upon the parameters prescribed by the TSX, applicable Canadian securities laws and the terms of the written agreement between the Company and its designated broker. The Automatic Repurchase Plan constitutes an "automatic plan" for the purposes of applicable Canadian securities legislation and has been pre-cleared by the TSX.The Automatic Repurchase Plan will be effective as of May 15, 2026.About EcoSynthetix Inc. (www.ecosynthetix.com) 
EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).Forward-Looking Statements
Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. The forward-looking statements in this press release include, but are not limited to, statements regarding the number of Shares to be purchased under the Bid, if any, the price to be paid by the Company for any Shares purchased under the Bid, if any, and the timing of any such purchases. These statements reflect our current views regarding future events and operating performance, are based on information currently available to us, and speak only as of the date of this press release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the Company's ability to successfully allocate capital as needed and to develop new products, as well as the fact that our results of operations and business outlook are subject to significant risk, volatility and uncertainty. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including the factors identified in the "Risk Factors" section of the Company's Annual Information Form dated February 17, 2026. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, we do not intend and do not assume any obligation to update these forward-looking statements.SOURCE EcoSynthetix Inc. Original: EcoSynthetix Announces Normal Course Issuer Bid

EcoSynthetix Reports 2026 First Quarter ResultsMay 5, 2026 5:00 PM
PR Newswire (Canada) BURLINGTON, ON, May 5, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced its financial and operational results for the three months (Q1 2026) ended March 31, 2026. Financial references are in U.S. dollars unless otherwise indicated.Highlights
(Comparison periods in each case are the three months ended March 31, 2025)Recorded net sales of $3.8 million, down 7%, primarily due to lower sales volumes.Sales volumes have been impacted year-to-date primarily due to an inventory buildup by key accounts in the prior year and challenging macro conditions in the Company's end markets.The leading global pulp producer customer successfully completed an industrial-scale trial at a second, larger facility during the period.Trial activity is encouraging across a range of top tier global pulp, tissue and packaging producers.Recorded an Adjusted EBITDA1 loss of $0.3 million, a 32% improvement.Purchased and cancelled 245,095 common shares in Q1 2026, under the normal course issuer bid for total consideration of $0.6 million.  Maintained a strong balance sheet with cash and term deposits of $29.8 million as at March 31, 2026."The momentum we built in 2025 remains firmly intact. While temporary dynamics with key accounts are impacting near-term volumes, we remain confident in accelerating growth in the second half of the year. This confidence is supported by consistent feedback from key accounts, who continue to recognize and validate the positive impact our bio-based polymers bring to their respective end markets," said Jeff MacDonald, CEO of EcoSynthetix. "Our pipeline of trial activity remains robust, including in the tissue and pulp end markets. The leading global pulp manufacturer, which is commercial with our SurfLock™ strength aids at one facility today, successfully completed trials at a second, larger facility in the quarter. We believe pulp represents a key growth driver for us supported by a compelling economic case for conversion to our bio-based solutions. In the tissue end market, we continue to see encouraging trial activity across a range of top tier global producers. The international retailer using our wood composites binder in its particleboard production remains committed to converting its supply chain to bio-based glues by 2030. And our marketing & development partner in personal care, Dow, reports strong engagement from manufacturers for its all-natural MaizeCare™ brand polymers. As we navigate near-term volatility, our key commercial priority is supporting our existing accounts and converting trial prospects into long-term commercial relationships. We believe this disciplined execution positions us well for the second half of 2026 with improving volume growth and broader adoption across our end markets."Financial SummaryNet SalesNet sales were $3.8 million for Q1 2026, compared to $4.0 million for the corresponding period in 2025. The 7% change was primarily due to lower volumes of $0.7 million, or 18%, partially offset by a higher average price which increased sales $0.4 million. The lower volumes were mainly attributable to customer inventory de-stocking and challenging macro conditions in end markets during the period. The 11% increase in sales due to average selling price was driven by foreign exchange fluctuations and an improved product mix.Gross ProfitGross profit was $0.9 million for Q1 2026, unchanged from the corresponding period in 2025, as a higher average selling price was offset by lower volumes and higher manufacturing costs.Gross profit as a percentage of sales was 24.6% for Q1 2026, compared to 21.5% in the corresponding period in 2025. Gross profit as a percentage of sales adjusted for manufacturing depreciation was 30.6% for Q1 2026, compared to 27.2% for the corresponding period in 2025. The improvement in each measure was primarily due to a higher average selling price, partially offset by higher manufacturing costs.Selling, General and AdministrativeSelling, general and administrative expenses (SG&A) were $1.6 million for Q1 2026, compared to $1.5 million for the corresponding period in 2025. The 9% change was primarily due to higher salaries and benefits and other miscellaneous costs offset by lower repairs and maintenance.Research and DevelopmentResearch and development (R&D) costs were $0.2 million for Q1 2026, compared to $0.4 million for the corresponding period in 2025. The change primarily relates to refundable SR&ED tax credits recognized in the current period, and prior year fiscal period, in accordance with Bill C-15, which was enacted into law in Canada in March 2026. R&D expense as a percentage of sales was 5% for Q1 2026. The Company's R&D efforts continue to focus on further enhancing value for our existing products and expanding addressable opportunities.Adjusted EBITDA1Adjusted EBITDA was $(0.3) million for Q1 2026, compared to $(0.5) million for the corresponding period in 2025. The 32% improvement was primarily due to higher gross profit and lower operating costs adjusted for non-cash items when compared to the prior period.  Net LossNet loss was $0.6 million, or $0.01 per common share, for Q1 2026, unchanged from the corresponding period in 2025.Liquidity Cash on hand and term deposits were $29.8 million as at March 31, 2026, compared to $29.6 million as at December 31, 2025. The Company purchased and cancelled 245,095 common shares under the NCIB during Q1 2026, for consideration of $0.6 million.Notice of Conference Call EcoSynthetix will host a conference call Wednesday, May 6, at 8:30 am ET to discuss its financial results. Jeff MacDonald, CEO, and Robert Haire, CFO, will co-chair the call. All interested parties can instantly join the call by phone, by following the URL https://emportal.ink/4tjCrDG  to easily register and be connected into the conference call automatically or the conventional method by dialling (416) 945-7677 or (888) 699-1199 with the conference identification of 15947#. Please dial in 15 minutes prior to the call to secure a line. A live audio webcast of the conference call will also be available at www.ecosynthetix.com or https://app.webinar.net/n9KZB9rmdM7. The presentation will be accompanied by slides, which will be available via the webcast link and the Company's website. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.1Non-IFRS Financial MeasuresThis press release makes reference to certain non-IFRS measures. These non-IFRS measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations of EcoSynthetix from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of EcoSynthetix reported under IFRS. The Company uses non-IFRS measures such as Adjusted EBITDA to provide investors with a supplemental measure of operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements.Adjusted EBITDA is not a measure recognized under IFRS and does not have a standardized meaning prescribed by IFRS. See "IFRS and Non-IFRS Measures." The Company presents Adjusted EBITDA because the Company believes it facilitates investors' use of operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting relative interest expense), the book amortization of intangibles (affecting relative amortization expense) and the age and book value of property and equipment (affecting relative depreciation expense). The Company also presents Adjusted EBITDA because it believes it is frequently used by securities analysts, investors and other interested parties as a measure of financial performance. Adjusted EBITDA as presented herein are not recognized measures under IFRS and should not be considered as an alternative to operating income or net income as measures of operating results or an alternative to cash flows as measures of liquidity. Adjusted EBITDA is defined as consolidated net income (loss) before net interest expense, income taxes, depreciation, amortization, gain or loss on disposals of property, plant and equipment and other non-cash expenses and charges deducted in determining consolidated net income (loss).The following table reconciles net loss to Adjusted EBITDA (loss) for the three months ended March 31, 2026, and March 31, 2025:
Three months ended
March 31, 2026Three months ended
March 31, 2025Net loss(592,087)(606,526)Depreciation296,888270,403Share-based compensation219,793204,662Interest income(265,662)(369,550)Adjusted EBITDA (loss)(341,068)(501,011)About EcoSynthetix Inc. (www.ecosynthetix.com) EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™, and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).Forward-Looking StatementsCertain statements in this Press Release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. The forward-looking statements in this Press Release include, but are not limited to, statements regarding the Company's plans to execute its commercial strategy, deliver meaningful growth across all three product categories, convert high-value strategic prospects into customers, and other statements regarding the Company's plans and expectations in 2026. These statements reflect our current views regarding future events and operating performance and are based on information currently available to us, and speak only as of the date of this Press Release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the Company's ability to successfully allocate capital as needed and to develop new products, as well as the fact that our results of operations and business outlook are subject to significant risk, volatility and uncertainty. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including the factors identified in the "Risk Factors" section of the Company's Annual Information Form dated February 17, 2026. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, we do not intend and do not assume any obligation to update these forward-looking statements.EcoSynthetix Inc. 

Consolidated Balance Sheets

(expressed in US dollars)








March 31,
2026December 31,
2025Assets




Current assets

Cash8,447,0248,420,285Term deposits21,328,55221,161,145Accounts receivable 1,762,3023,234,911Inventory3,969,2933,767,661Prepaid expenses245,388204,272
35,752,55936,788,274


Non-current assets

Property, plant and equipment 5,935,8945,943,242





Total assets41,688,45342,731,516





Liabilities 




Current liabilities

Trade accounts payables and accrued liabilities                               1,738,1022,355,358


Non-current liabilities

Lease liability1,655,9951,786,798


Total liabilities3,394,0974,142,156Shareholders' Equity

Common shares 489,452,620488,725,570Contributed surplus10,781,84311,211,810Accumulated deficit(461,940,107)(461,348,020)Total shareholders' equity 38,294,35638,589,360


Total liabilities and shareholders' equity 41,688,45342,731,516 EcoSynthetix Inc. Consolidated Statements of Operations and Comprehensive LossFor the three months ended March 31, 2026 and 2025(expressed in US dollars)


 Three months ended March 31, 
20262025


Net sales3,774,4394,042,161


Cost of sales2,844,4863,174,122


Gross profit on sales929,953868,039


Expenses

Selling, general and administrative1,595,7471,459,547Research and development191,955384,568
1,787,7021,844,115


Loss from operations(857,749)(976,076)


Net interest income265,662369,550


Net loss and comprehensive loss(592,087)(606,526)


Basic and diluted loss per common share (0.01)(0.01)Weighted average number of common shares outstanding58,999,36158,531,759 EcoSynthetix Inc. Consolidated Statements of Cash FlowsFor the three months ended March 31, 2026 and 2025(expressed in US dollars)


 Three months ended March 31, 
20262025Cash provided by (used in)




Operating activities

Net loss and comprehensive loss(592,087)(606,526)Items not affecting cash

     Depreciation296,888270,403     Share-based compensation 219,793204,662     Other 17,413(34,882)Changes in non-cash working capital

     Accounts receivable1,472,609(37,374)     Inventory(187,398)(634,768)     Prepaid expenses(41,116)(12,783)     Trade accounts payables and accrued liabilities                    (680,464)445,088Interest on term deposits

    Interest received on term deposits645,223841,794    Accrued interest on term deposits(231,740)(314,075)
919,121121,539


Investing activities

Purchase of property, plant and equipment(239,247)(23,165)Receipts on matured term deposits17,352,27416,550,000Purchase of term deposits(17,933,164)(17,280,000)
(820,137)(753,165)


Financing activities

Payments made on lease liability(99,717)(79,442)Common shares repurchased(586,464)(333,842)Exercise of common share options663,75443,238
(22,427)(370,046)





Effect of exchange rate changes on cash (49,818)37,059


Change in cash during the period 26,739(964,613)


Cash - Beginning of period8,420,2857,721,403


Cash - End of period 8,447,0246,756,790 SOURCE EcoSynthetix Inc. Original: EcoSynthetix Reports 2026 First Quarter Results

EcoSynthetix to Host 2026 First Quarter Results Conference CallApril 23, 2026 11:30 AM
PR Newswire (Canada)

BURLINGTON, ON, April 23, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), today announced that it will release its 2026 first quarter results on Tuesday, May 5, 2026, after 5:00 pm ET. The Company will subsequently hold a conference call on Wednesday, May 6, at 8:30 AM ET hosted by Mr. Jeff MacDonald, Chief Executive Officer, and Mr. Rob Haire, Chief Financial Officer. A question and answer session will follow the corporate update.CONFERENCE CALL DETAILSDATE:Wednesday, May 6, 2026TIME:8:30 AM Eastern TimeRAPIDCONNECT:To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically:
https://emportal.ink/4tjCrDG DIAL IN NUMBER:(416) 945-7677 or (888) 699-1199REFERENCE NUMBER:15947#TAPED REPLAY:(289) 819-1450 or (888) 660-6345REPLAY CODE:15947#A link to the live audio webcast of the conference call will be available on the Investor Relations Events page on the Company's website at www.ecosynthetix.com as well as at https://app.webinar.net/n9KZB9rmdM7. The presentation will be accompanied by slides, which will be available on the webcast and via the Company's website. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast.About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).SOURCE EcoSynthetix Inc.

Original: EcoSynthetix to Host 2026 First Quarter Results Conference Call

EcoSynthetix Reports 2025 Fourth Quarter and Year End ResultsFebruary 19, 2026 5:00 PM
PR Newswire (Canada)

BURLINGTON, ON, Feb. 19, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced its financial and operational results for the three months (Q4 2025) and twelve months (FY 2025) ended December 31, 2025. Financial references are in U.S. dollars unless otherwise indicated.
Highlights
(Comparison periods in each case are the three months and twelve months ended December 31, 2024)Recorded net sales of $5.9 million, up $0.5 million or 9%, and $20.8 million, up $2.3 million or 12%, in Q4 2025 and FY 2025 respectively.Recorded Adjusted EBITDA1 of $0.5 million, up $0.4 million, and $0.4 million, up $1.3 million, in Q4 2025 and FY 2025 respectively.Won two new commercial accounts in Europe for SurfLock™ strength aids in the tissue end market through a recently added distributor relationship in Q4 2025. Eight new mills adopted usage of SurfLock™ in 2025.Received additional purchase orders for SurfLock from a leading global pulp manufacturer in Q4 2025, including an order to support production trials at a second mill.Experienced increased demand across all strategic end markets, achieving the highest annual sales to date in wood composites, personal care, tissue and pulp.Achieved climate positive operations in 2025, driven by increased customer adoption of our low carbon products, resulting in the avoidance of more than 125% of the Company's associated carbon emissions.Purchased and cancelled 117,833 and 463,468 common shares in Q4 2025 and FY 2025, respectively, under the normal course issuer bid for total consideration of $0.4 million and $1.4 million.Maintained a strong balance sheet with cash and term deposits of $29.6 million as at December 31, 2025."We have successfully broadened and deepened our penetration into our key strategic end markets of pulp, tissue, wood composites and personal care. The strong double-digit growth we experienced in each of these end markets has allowed us to lap the deterioration in our legacy end markets," said Jeff MacDonald, CEO of EcoSynthetix. "The business is in a better position today, with stronger demand from the key accounts and partners in each end market. In 2025, we also expanded our sales and distribution channels with new commercial accounts and sales infrastructure in new countries. Our bio-based technology offers comparable or better performance and value to conventional petroleum-based binders with carbon footprint and all-natural advantages. The performance benefits we offer pulp and tissue manufacturers and our personal care partner, Dow, can have a significant economic impact to them. The carbon footprint advantage we offer our key strategic wood composites account, plays directly into that retailer's market-leading sustainability program. As adoption of our bio-based polymers build, we're supporting these accounts as they increase usage rates in their initial facilities and convert other lines to our biopolymer platform."Financial SummaryNet SalesNet sales were $5.9 million and $20.8 million for Q4 2025 and FY 2025, respectively, compared to $5.4 million and $18.5 million for the corresponding periods in 2024. The $0.5 million increase, or 9% improvement in the quarterly period was primarily due to a higher average selling price, driven by improved product mix. The $2.3 million increase, or 12% improvement, in the annual period was primarily due to higher volumes of $1.6 million, or 9%, and a higher average selling price which increased sales $0.7 million, or 3%. The increase in volume during the annual period was primarily due to increased demand for the Company's products sold into the wood composites, pulp and tissue end markets, while the higher average selling price was driven by improved product mix.Gross ProfitGross profit was $2.0 million and $6.0 million for Q4 2025 and FY 2025, respectively, compared to $1.6 million and $5.3 million for the corresponding periods in 2024. The 27% improvement in the quarterly period, was primarily due a higher average selling price, partially offset by higher manufacturing costs, both attributable to changes in product mix. The $0.7 million increase, or 14%, in the annual period was primarily due to a higher average selling price and increased sales volumes, partially offset by higher manufacturing costs associated with product mix.Gross profit as a percentage of sales was 33.9% and 29.0% for Q4 2025 and FY 2025, respectively, compared to 28.9% and 28.6% in the corresponding periods last year. Gross profit as a percentage of sales adjusted for manufacturing depreciation was 38.1% and 33.6% for Q4 2025 and FY 2025, respectively, compared to 34.4% and 33.2% for the corresponding periods in 2024. The improvements in these measures in both periods were primarily attributable to a higher average selling price, partially offset by higher manufacturing costs.Selling, General and AdministrativeSelling, general and administrative expenses (SG&A) were $1.7 million and $6.2 million for Q4 2025 and FY 2025, respectively, compared to $1.8 million and $6.5 million for the corresponding periods in 2024. The improvement in the annual period was primarily due to asset relocation costs incurred in the prior year.Research and DevelopmentResearch and development (R&D) costs were $0.4 million in Q4 2025, in line with the prior year period and $1.6 million for FY 2025, compared to $2.0 million in the corresponding period in 2024. The change in the annual period was primarily attributable to higher product scale-up costs incurred in the prior year, as well as lower asset depreciation. R&D expense as a percentage of sales was 7% and 8% in Q4 2025 and YTD 2025, respectively, compared to 7% and 11% in the corresponding periods in 2024. The Company's R&D efforts continue to focus on further enhancing value for our existing products and expanding addressable opportunities.Adjusted EBITDA1Adjusted EBITDA was $0.5 million for Q4 2025 and $0.4 million for FY 2025, compared to $0.1 million and an Adjusted EBITDA loss of $0.9 million in the corresponding periods last year. The improvements in each period of $0.4 million and $1.3 million, respectively, were primarily due to higher gross profit, adjusted for non-cash items, as well as lower operating costs in the annual period. Net Income (Loss)Net income was $0.2 million, or $0.00 per common share, for Q4 2025 compared to a net loss of $0.2 million, or $0.00 per common share, for the same period last year. Net loss was $0.4 million, or $0.01 per common share, for FY 2025 compared to a net loss of $1.4 million, or $0.02 per common share, for FY 2024. The improvements for each period were primarily due a reduction in loss from operations, partially offset by a decrease in net interest income due to declining interest rates.  Liquidity Cash on hand and term deposits were $29.6 million as at December 31, 2025, compared to $32.2 million as at December 31, 2024. The Company purchased and cancelled 117,833 and 463,468 common shares under the NCIB during Q4 2025 and FY 2025, respectively, for consideration of $0.4 million and $1.4 million.Notice of Conference Call EcoSynthetix will host a conference call Friday, February 20, at 8:30 am ET to discuss its financial results. Jeff MacDonald, CEO, and Robert Haire, CFO, will co-chair the call. All interested parties can instantly join the call by phone, by following the URL https://emportal.ink/4qPezGo to easily register and be connected into the conference call automatically or the conventional method by dialling (416) 945-7677 or (888) 699-1199 with the conference identification of 88814#. Please dial in 15 minutes prior to the call to secure a line. A live audio webcast of the conference call will also be available at www.ecosynthetix.com or https://app.webinar.net/OevLwVYga79. The presentation will be accompanied by slides, which will be available via the webcast link and the Company's website. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.1Non-IFRS Financial MeasuresThis press release makes reference to certain non-IFRS measures. These non-IFRS measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations of EcoSynthetix from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of EcoSynthetix reported under IFRS. The Company uses non-IFRS measures such as Adjusted EBITDA to provide investors with a supplemental measure of operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements.Adjusted EBITDA is not a measure recognized under IFRS and does not have a standardized meaning prescribed by IFRS. See "IFRS and Non-IFRS Measures." The Company presents Adjusted EBITDA because the Company believes it facilitates investors' use of operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting relative interest expense), the book amortization of intangibles (affecting relative amortization expense) and the age and book value of property and equipment (affecting relative depreciation expense). The Company also presents Adjusted EBITDA because it believes it is frequently used by securities analysts, investors and other interested parties as a measure of financial performance. Adjusted EBITDA as presented herein are not recognized measures under IFRS and should not be considered as an alternative to operating income or net income as measures of operating results or an alternative to cash flows as measures of liquidity. Adjusted EBITDA is defined as consolidated net income (loss) before net interest expense, income taxes, depreciation, amortization, gain or loss on disposals of property, plant and equipment and other non-cash expenses and charges deducted in determining consolidated net income (loss).The following table reconciles net income (loss) to Adjusted EBITDA (loss) for the three and twelve months ended December 31, 2025, and December 31, 2024:
Three months ended
December 31, 2025Three months ended
December 31, 2024Twelve months ended
December 31, 2025Twelve months ended
December 31, 2024Net income (loss)152,753(206,884)(433,797)(1,366,926)Depreciation357,105352,1621,168,8161,164,739Share-based compensation260,906362,4401,042,2391,158,583Gain on disposal of property, plant and equipment  ---(90,000)Interest income(292,855)(415,377)(1,360,369)(1,724,441)Adjusted EBITDA (loss)477,90992,341416,889(858,045)About EcoSynthetix Inc. (www.ecosynthetix.com) EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™, and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).Forward-Looking StatementsCertain statements in this Press Release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. The forward-looking statements in this Press Release include, but are not limited to, statements regarding the Company's plans to execute its commercial strategy, deliver meaningful growth across all three product categories, convert high-value strategic prospects into customers, and other statements regarding the Company's plans and expectations in 2026. These statements reflect our current views regarding future events and operating performance and are based on information currently available to us, and speak only as of the date of this Press Release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the Company's ability to successfully allocate capital as needed and to develop new products, as well as the fact that our results of operations and business outlook are subject to significant risk, volatility and uncertainty. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including the factors identified in the "Risk Factors" section of the Company's Annual Information Form dated February 17, 2026. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, we do not intend and do not assume any obligation to update these forward-looking statements.EcoSynthetix Inc. 

Consolidated Balance Sheets

(expressed in US dollars)








December 31,
2025December 31,
2024Assets




Current assets

Cash8,420,2857,721,403Term deposits21,161,14524,473,985Accounts receivable 3,234,9112,325,369Inventory3,767,6612,828,748Prepaid expenses204,27290,306
36,788,27437,439,811


Non-current assets

Property, plant and equipment 5,943,2423,845,010





Total assets42,731,51641,284,821





Liabilities 




Current liabilities

Trade accounts payables and accrued liabilities   2,355,3581,938,831


Non-current liabilities

Lease liability1,786,798-


Total liabilities4,142,1561,938,831Shareholders' Equity

Common shares 488,725,570489,246,909Contributed surplus11,211,81011,013,304Accumulated deficit(461,348,020)(460,914,223)Total shareholders' equity 38,589,36039,345,990


Total liabilities and shareholders' equity 42,731,51641,284,821 EcoSynthetix Inc. 




Consolidated Statements of Operations and Comprehensive Income (Loss)


For the three and twelve months ended December 31, 2025 and 2024


(expressed in US dollars)















 Three months ended December 31, 
 Twelve months ended December 31, 
20252024
20252024





Net sales5,916,8225,432,916
20,797,09018,536,670





Cost of sales3,913,2533,861,435
14,761,16313,229,567





Gross profit on sales2,003,5691,571,481
6,035,9275,307,103





Expenses




Selling, general and administrative1,714,2471,836,858
6,200,7366,479,298Research and development429,424356,884
1,629,3572,009,172
2,143,6712,193,742
7,830,0938,488,470





Loss from operations(140,102)(622,261)
(1,794,166)(3,181,367)





Net interest income292,855415,377
1,360,3691,724,441Gain on disposal of property, plant and equipment--
-90,000Net income (loss) and comprehensive income (loss)152,753(206,884)
(433,797)(1,366,926)





Basic and diluted income (loss) per common share 0.00(0.00)
(0.01)(0.02)Weighted average number of common shares outstanding  58,546,27658,593,194
58,581,98658,667,534 EcoSynthetix Inc. 




Consolidated Statements of Cash Flows




For the three and twelve months ended December 31, 2025 and 2024



(expressed in US dollars)
















 Three months ended December 31, 
 Twelve months ended December 31, 
20252024
20252024Cash provided by (used in)










Operating activities




Net income (loss) and comprehensive income (loss)152,753(206,884)
(433,797)(1,366,926)Items not affecting cash




     Depreciation357,105352,162
1,168,8161,164,739     Share-based compensation 260,906362,440
1,042,2391,158,583     Other (90,155)32,383
(215,462)8,015Gain on disposal of property, plant and equipment--
-(90,000)Changes in non-cash working capital




     Accounts receivable(848,282)(77,875)
(909,542)(775,926)     Inventory288,425(524,005)
(976,863)825,269     Prepaid expenses219,28870,045
(113,966)1,611     Trade accounts payables and accrued liabilities(497,543)(561,452)
124,416536,415Interest on term deposits




    Interest received on term deposits90,36249,007
1,423,6841,223,981    Accrued interest on term deposits(239,240)(375,685)
(1,133,070)(1,581,201)
(306,381)(879,864)
(23,545)1,104,560





Investing activities




Purchase of property, plant and equipment(339,597)(154,514)
(846,315)(868,453)Proceeds on disposal of property, plant and equipment--
-90,000Receipts on matured term deposits-3,750,000
26,500,00031,550,000Purchase of term deposits--
(23,477,774)(27,300,000)
(339,597)3,595,486
2,175,9113,471,547





Financing activities




Payments made on lease liability(81,695)(78,597)
(320,476)(317,106)Common shares repurchased(359,222)(514,426)
(1,408,310)(2,175,924)Exercise of common share options-49,903
43,238760,362
(440,917)(543,120)
(1,685,548)(1,732,668)











Effect of exchange rate changes on cash 94,614(50,974)
232,064(37,481)





Change in cash during the period (992,281)2,121,528
698,8822,805,958





Cash - Beginning of period9,412,5665,599,875
7,721,4034,915,445





Cash - End of period 8,420,2857,721,403
8,420,2857,721,403



SOURCE EcoSynthetix Inc.

Original: EcoSynthetix Reports 2025 Fourth Quarter and Year End Results

EcoSynthetix to Host 2025 Fourth Quarter and Year End Results Conference CallFebruary 10, 2026 4:15 PM
PR Newswire (Canada)

BURLINGTON, ON, Feb. 10, 2026 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), today announced that it will release its 2025 fourth quarter and year end results on Thursday, February 19, 2026, after 5:00 pm ET. The Company will subsequently hold a conference call on Friday, February 20, at 8:30 AM ET hosted by Mr. Jeff MacDonald, Chief Executive Officer, and Mr. Rob Haire, Chief Financial Officer. A question and answer session will follow the corporate update.CONFERENCE CALL DETAILSDATE:Friday, February 20, 2026TIME:8:30 AM Eastern TimeRAPIDCONNECT:To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically:
https://emportal.ink/4qPezGo  DIAL IN NUMBER:(416) 945-7677 or (888) 699-1199REFERENCE NUMBER:88814#TAPED REPLAY:(289) 819-1450 or (888) 660-6345REPLAY CODE:88814#A link to the live audio webcast of the conference call will be available on the Investor Relations Events page on the Company's website at www.ecosynthetix.com as well as at https://app.webinar.net/OevLwVYga79. The presentation will be accompanied by slides, which will be available on the webcast and via the Company's website. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast.About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™, Surflock™, Bioform™ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).SOURCE EcoSynthetix Inc.

Original: EcoSynthetix to Host 2025 Fourth Quarter and Year End Results Conference Call

Mr Robot says sell E_Corp.

The wait has been long - but the time is now

Ecosynthetix (ECO.TO or US OTC ECSNF - Gray market) recently outlined its progress in seeking commercialization of its bio-adhesive for the wood panel market during its Q2 results and call.

(did I mention they have US $57M of cash!!! - they do - and a market cap of around US $70M)

They are making solid progress - much slower than anticipated but reflective of the challenges of getting large wood panel mills to stop production to trial new adhesives during the busy production season.

Despite these challenges they are advancing many different dialogues in what is a multi $B annual market for adhesives.

Why do I care about wood panel adhesives?

Because the State of California established regulations against the use of urea-formaldehyde-containing adhesives which are used in the bulk of wood panels.

Better yet - ECO just reported that the US EPA has issued similar regulations for the entire US - effective in one year - so now all panel producers need to find a path to meet this requirement - and ECO's DuraBind adhesive is the one product that meets the performance requirements AND does so at a cost at parity with the Urea-Formaldehyde formulation.

And major retailers - IKEA and Walmart that we know of - have put in place mandates to move to "No Added Formaldehyde (NAF) adhesives in the wood panels they sell that's great for ECO and the few other bio-adhesive makers - none of which can match ECO's pricing.

Listen to Ecosynthetix Q2 Call

Management is impressive and disciplined - focused on cost management and executing on this new product opportunity. They said their dialogues currently touch on 50 different mills that could each account for $500k - $3M in annual revenue - seems like at least $75M in revenue for a company that's currently doing under $15M in its paper coatings business which has been challenged by competing against petroleum-based coatings that are much cheaper with low priced oil (for now).

It's taken a long time - but the progress seems clear and commercial validation is approaching - from there the stock price should start to discount future growth and now longer sell for a modest premium to their cash position.

Who nows - they might even start to go out and talk about the stock - they haven't done so because they prefer (rightly so) to focus their efforts on the business - as the share price is not a factor in funding the DuraBind rollout out.

Very much worth a closer look today.

Given the trend of late in the share price, I'm wondering whether anyone's paying attention anymore!

Lol. Market seems indifferent about it to start the day though.

Agreed! Seems like something that should be easier to roll out than some of their other products too.

Now we are talking. That seems like some very positive news!

You think insiders are trading the stock today, lol? If it is a rigged game, why do you invest?

It appears like we will not be getting good news next week?

Nothing... Margin should start to improve next QR but who knows the progress they made in getting new customerd and increasing volume of ecosphere usage from their existing customer base.

Still believe it's a tremendous buy and hold stock and I'm looking forward to buy more at this price

How's it going? You heard anything regarding ECO? Nothing going on at the moment.

Can't say but my guess is that people see it trending for at least another Q since they most likely won't have commercial revenus from building products and they still have corn priced around 7$ in their inventory ( they lag the corn price about 2Q)

Turn around Q looking more as Q4 than Q3 but it's just speculation at this point where margin improves and new revenus should kickin

Not a good day for ECO today. Have you heard anything?

Well.. Y/y around 50% is good but -10% q/q is puzzling as they gained more customers.. Asian markets are still weaks and they didn't open up the commercial shipping on building product. They hinted at the cc that a substantial revenue stream will come more in q4 for these new markets and the inventory for corn with higher price will still be used or the next 2Q so no one expect much from them in q3 except for the commercial launch for building product to happen and margin improvment


Beside that it's pretty flat but they are progressing, just not at the speed everyone expected. Cannaccord analyst Elford now put a 7.75$ target and lowered their lbs sold around 35M lbs sold for this year.

Overall not bad but not great. With the usual daily volume it doesn't take much to make it drop...

hope it stays in that range for a while as I want to buy as much as I can before it takes off for real

Bit of a disappointing reaction no? There haven't been any insider sales so at least there is some confidence there. What are your thoughts?

Q2 tomorrow... Hoping for a 23% q/q sold lbs increase. Eco must have 23% increase on each Q to meet Sara Elford estimate of 43M lbs for 2013.

Last q/q was 4% with weaknesses in Japan market.. They didn't officialized any new commercial customer but that doesn't mean none turned commercial. They said a undisclosed canadian customer was ramping up pretty fast in last cc.

A bit disappointed that building products line hasn't been officially launched but maybe good news are around the corner..

Let's see if all the r&d $$$ at least helped to increase ecosphere % consumption in the existing customer base.

Oil/corn spread is great and should also help to raise the margins on each lbs sold.

They don't set a factory for each customer, they have 2-4 production lines (I don't remember exactly) that can produce up to 235M pounds of ecosphere (I think they use only 25-30M pound at the moment). What they pay for the client site is the gear to handle dry ecosphere product because most mills are using a liquid formula to put binder in their recipe. ROI is a couple months only so it's a winning strategy as they only lost 1 client for an external reason. Last Q1, existing clien accounted for 34% of the sale volume increase so I comfortable with how they progress.

They hire a lot of people at the moment and they put milllions in R&D so the fact that they loose money at this stage is not an issue IMO. Canaccord analyst Sara Elford expect them to lose money in 2013.

The wildcard for this year is their first building product commercial shipping. I don't know how loud the market will react but it has the potential to make a good pop once they release the nr

Yes I would agree. Their costs to bring in a new customer are really high because as far as I can understand they are basically setting up a factory for the production of their product at each customers location. I think that is why it appears like the more customers they get the more money they lose? If they are still singing that tune to us in Q4 then something is off.

Just Pulp&papet market is 6B$ industry and they already commercial in this market.

They say they can enter up to 60B$ marke with new products..

Oil is up, corn is down, Q2 should be good and they said last cc that they should announce the first commercial shipment for building products later on this year so it might open up another multi billion market..

This is a buy and hold stock for the next decade if you can IMO. Still around 90M$ in the company bank account to fund an aggressive growth.. Things are looking good!

Ya. It is run by hard working first generation Dutch guys who built it from the ground up. I think there are untapped applications for their products but I want them to start not only growing their customer base but actually make some money from a customer.

Yes.. This company has a bright future ahead..

Any one interested in ECO?

More climbing to do today!

Going to get a nice lift today!

Anyone?

What do people think of this stock?