NXT Energy Solutions Announces 2025 Year-End Results

About this update from Nxt Energy Solutions Inc.

NXT Energy Solutions Announces 2025 Year-End ResultsCALGARY, AB / ACCESS Newswire / March 31, 2026 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced financial and operating results for the quarter and year ended December 31, 2025. Dollar amounts are in Canadian Dollars, unless otherwise identified.Bruce G. Wilcox, CEO of NXT, commented, "2025 has been a transformational year for NXT. Strategic initiatives undertaken in 2023 are now taking shape. Revenue increased 2,437% to $16.4 million in 2025 compared to $0.6 million in 2024. Operating cash flow improved $5.1 million, net working capital improved $11.9 million or 179%, and Net loss improved by $6.8 million or by $0.10 per share-basic and share-diluted, in comparison to 2024. These positive financial numbers were the direct result of our newly implemented multi-regional growth strategy showing impactful progress and included three SFD® surveys being executed with one repeat, and two new customers.In December 2025 we acquired full ownership and all future rights and applications for the SFD® technology. This now gives NXT freedom to develop new commercial applications for the SFD® technology in areas the Company deems beneficial to increasing shareholder value.In November 2025, we secured a US$2.0 million investment to advance the application of the SFD® technology, a meaningful opportunity to unlock shareholder value from NXT's extensive proprietary SFD® data library, which includes more than 50,000 line-kilometers of airborne geophysical data in the Western Canadian sedimentary basin. With this progress, 100% of convertible debenture holders showed their confidence by converting their outstanding convertible debentures into common shares at year's end, giving the Company a stronger balance sheet with strengthened working capital necessary to further this initiative. While the debenture conversion is very positive for NXT, accounting rules require us to book it as a loss, masking positive income in the Company.2025 represents a clear inflection point for the Company. We have established momentum supported by a stronger financial position, having successfully executed numerous contracts across multiple regions, and obtained 100% ownership of all applications of the SFD® technology."Key financial and operational highlights during the f...

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