Business
Final Results for the Year Ending 31 December 2025
MyCelx Technologies Corporation reported a significant turnaround for the year ended December 31, 2025, with revenue soaring to $11.7 million from $4.9 million in 2024, and gross profit increasing to $5.6 million with a margin of 48%. The company achieved a positive EBITDA of $0.7 million, a substantial improvement from a negative $2.2 million in the prior year, and reported a profit before tax of $0.3 million, compared to a loss of $2.6 million in 2024. Despite a decrease in cash and cash equivalents to $0.9 million from $1.3 million, the company secured a $500,000 line of credit to support expansion and operational needs. Key operational highlights include a $3.9 million produced water treatment project award in the U.S. Permian Basin and progress in PFAS remediation efforts. Disclaimer*
About this update from Mycelx Technologies Corp.
7 May 2026 MYCELX TECHNOLOGIES CORPORATION (AIM: MYX) Final Results for the Year Ending 31 December 2025 MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, announces its audited results for the year ended 31 December 2025. Highlights Financial · Revenue of $11.7 million (2024: $4.9 million) · Gross profit of $5.6 million (2024: $1.3 million) · Gross profit margin increased to 48% (2024: 27%) · EBITDA1 of $0.7 million (2024: negative $2.2 million) · Profit before tax of $0.3 million (2024: loss before tax $2.6 million) · Cash & cash equivalents of $0.9 million (2024: $1.3 million) Operational Produced Water · Awarded a $3.9 million produced water treatment project in the U.S. Permian Basin, the most active and productive oil region in the world. · Successfully completed an onshore trial in the U.S. Permian Basin with a large oil producer which included both the MYCELX coalescer and REGEN equipment. · Commenced offshore equipment lease in the Gulf of Mexico with global integrated oil producer managing overboard excursions. · Presented a case study with Petroleum Development Oman ('PDO') on MYCELX's installation of its first REGEN Retrofit Package at a PDO site to the Middle East Produced Water Oilfield Symposium and Exhibition in Qatar. PFAS Remediation · Awarded a rental contract for a mobile PFAS treatment system to treat groundwater contamination at a site in North Dakota for the U.S. Department of Defense. · Commenced participation in a multiple technology pilot trial treating PFAS contamination at a municipal wastewater treatment facility. · Continued landfill leachate trial with pre-treatment system installed for PFAS remediation. Corporate · Appointed Gareth Kaminski-Cook as Chairman of the Board of Directors. · Elevated Matthew Goysich, Director of Engineering, to Executive Vice President and Jim Weidler to Executive Vice President of Business Development. Hired a Sales Lead in the Permian Basin respon...
View stock analysis, news, and events for Mycelx Technologies Corp.