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Stardust Solar Reports Q2 2025 Results: Revenue of $2.21M (Up 13% YoY), Gross Profit of $1M (Up 84% YoY), and Project Backlog Increase of $2.52M (Up 69% YoY)
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Stardust Solar Energy Inc. (TSX...
About this update from Stardust Solar Energy Inc.
[{"type":"text","content":"Stardust Solar Reports Q2 2025 Results: Revenue of $2.21M (Up 13% YoY), Gross Profit of $1M (Up 84% YoY), and Project Backlog Increase of $2.52M (Up 69% YoY)Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) a leading North American franchisor of renewable energy installation services, today announced its unaudited interim financial results for the second quarter ended June 30, 2025.On an IFRS basis, the Company reported year-to-date revenue of $2.21 million, an increase of 13% compared to the prior year period, and gross profit of $1 million, up from $0.54 million in Q2 2024. Gross margin increased from approximately 28% to 45%, which management attributes to operating leverage in its franchise and training model, as well as cost controls.The Company also reported an increase in project backlog of $2.52 million in newly signed contracts during Q2 2025, a 69% increase compared to $1.49 million in new contracts signed in Q2 2024. These new contracts bring the year to date backlog total to $3.2 million. The Company project backlog represents the total dollar value of solar projects across Stardust Solar's franchise network that have not yet been executed and is a non-IFRS measure that management uses as an indicator of network activity. See \"Non-IFRS Measures\", below.Q2 2025 Highlights (vs. Q1 2025)Revenue: $1.21M, up 21% from $1M.Gross Profit: $509K, up 5% from $486K.Operating Expenses: $985K, down $152K (-13%), despite higher revenue.Operating Loss: ($475K), an improvement of $176K from ($651K).Interest & Bank Charges: $63K, down 47%.Bad Debt Expense: $18K, down 67%.Revenue changes reflected contributions from multiple sources: product sales were up 27% sequentially, training and exam administration revenue increased 39%, and franchise fees increased 9%.Year-to-Date 2025 Results (six months ended June 30, 2025 vs. 2024)Total Revenue: $2.21M, up $260K (+12%).Gross Profit: $1M, up $454K (+84%).Direct Costs: $1.21M, down $194K (-14%).Operating Loss: ($1.13M) vs. ($567K), reflecting increased investment in growth initiatives.Revenue growth was led by an increase in franchise fees ($696K vs. $253K, +175%) and training revenue (+28%). Direct costs declined year-over-year. Operating expenses rose to $2.1M (from $1.1M), primarily due to higher adverti...