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TORONTO — Kontrol Technologies Corp. (Cboe.ca:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) announces its results for the three months and year to date ended September 30, 2025. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR ( www.sedarplus.ca).
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Q3 2025 and Year to Date Highlights
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In Q2 2024, the Company completed the sale of the operational net assets of CEM Specialties Inc. and as such year to date 2025 revenue and earnings are lower compared to the same period in the prior year.
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- Revenues for the three months ended September 30, 2025 were $1.3 million, compared to $1.7 million for the same quarter in the prior year; Revenues for the nine months ended September 30, 2025 were $4.1 million, compared to $9.2 million for the same period in the prior year.
- Gross margin for the nine months ended September 30, 2025 was 57%, and unchanged compared to the same period in the prior year.
- Net income (loss) for the three months ended September 30, 2025 was $706,378 compared to $(931,032) for the same quarter in the prior year; Net income (loss) for the nine months ended September 30, 2025 was $(208,862) compared to $11.9 million for the same period in the prior year. Net income (loss) in 2025 includes income from revaluation of marketable securities. Net income in 2024 includes gain on sale of the CEMSI net assets which occurred in Q2 2024.
- Adjusted EBITDA for the nine months ended September 30, 2025 was negative $(666,334) compared to $(235,315) for the same period in the prior year.
- The Company had no outstanding interest-bearing bank debt at September 30, 2025.
- As at September 30, 2025 the Company’s aggregate cash and marketable securities balance was $12.4 million.
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Normal Course Issuer Bid
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During the nine months ended September 30, 2025, the Company repurchased 1,930,500 common shares for a total of $320,530. Pursuant to the Normal Course Issuer Bid approved by Cboe Canada, Kontrol may purchase, from time to time, over a period of 12 months starting April 14th, 2025, and ending April 13th, 2026, up to 2,757,858 common shares. The Company has 53,960,669 shares outstanding as at September 30, 2025.
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Q3 2025 and Year to Date Financial Summary
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Financial Results | Three months ended | Nine months ended | |||||||
(Unaudited) | Sept 30, 2025 | Sept 30, 2024 | Sept 30, 2025 | Sept 30, 2024 | |||||
Revenue | $1,339,508 | $1,737,947 | $4,090,315 | $9,179,006 | |||||
Gross profit | $774,627 | $924,580 | $2,322,055 | $5,277,181 | |||||
Net income (loss) | $706,378 | $(931,032 | ) | $(208,862 | ) | $11,923,470 | |||
Basic and diluted EPS | $0.01 | $(0.01 | ) | $0.00 | $0.21 | ||||
Add/Deduct for Adjusted EBITDA reconciliation: | |||||||||
Amortization and depreciation | $156,690 | $164,514 | $469,523 | $615,231 | |||||
Net finance expense (income) | $(44,466 | ) | $(43,800 | ) | $(106,829 | ) | $206,829 | ||
Gain on sale of assets | – | $(40,407 | ) | – | $(13,281,812 | ) | |||
Revaluation of marketable securities | $(935,856 | ) | $125,588 | $(965,585 | ) | $125,588 | |||
Share based compensation | $48,473 | $49,785 | $145,419 | $175,379 | |||||
Adjusted EBITDA | $(68,781 | ) | $(675,352 | ) | $(666,334 | ) | $(235,315 | ) | |
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Adjusted EBITDA is a non-International Financial Reporting Standards (“IFRS”) measure used by management that is not defined by IFRS. Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that Adjusted EBITDA provides meaningful and useful financial information as these measures demonstrate the operating performance of the business excluding non-cash charges.
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“Adjusted EBITDA” is calculated as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, listing expense, gain or loss on sale of assets, revaluation and impairment of assets.
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Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, accordingly, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company.
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Kontrol Technologies Corp.
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Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedarplus.ca.
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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
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Forward-Looking Statements
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This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
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