Quality Industrial reports FY2025 revenue up 46% to $16.3M, but GAAP net loss of $4.6M on write-offs

Quality Industrial Corp.

Revenue $16.3M, +45.9% YoY; gross profit $4.8M (+20.8%); GAAP net loss $4.6M vs income $0.3M prior year.
Non-GAAP adjusted net income $564K vs ($161K) in FY2024; adjustments include $1.38M legacy comp, $2M asset write-off, $1.5M receivable write-off.
Convertible notes reduced to $2.56M from $2.94M; accounts payable cut 45% to $1.16M; Fusion Fuel provided $4.4M capital.
Outlook: targeting $20M revenue for 2026; growth driven by Al Shola Gas expansion, new trucks, and UAE geographic push.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Quality Industrial Corp. reported fiscal year ended December 31, 2025 results: revenue $16,307,787, net income $(4,603,645).

Period: fiscal year ended December 31, 2025
Revenue: $16,307,787
Net income: $(4,603,645)
Result: reported results

Exact text from the filing

FY 2024 FY 2025 Change Revenue $ 11,177,567 $ 16,307,787 +45.9 % Gross Profit $ 3,963,263 $ 4,788,780 +20.8 % Gross Margin 35.5 % 29.4 % -17.2 % Operating Expenses $ 3,265,008 $ 5,245,558 +60.7 % Net Income (Loss) $ 266,780 $ (4,603,645 ) -1,825.6 %

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Source: SEC EDGAR

accession 0001493152-26-014536

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