Overview

* NXT Energy Q2 SFD-related rev reaches C$1.66 mln

* Company posts Q2 net loss of C$6.98 mln, impacted by non-cash charges

* Convertible debentures worth $5.675 mln converted to common shares

Outlook

* Company plans SFD surveys for remainder of 2025 and contract bookings for 2026

* NXT Energy aims to deliver meaningful shareholder value through strong fundamentals

Result Drivers

* REPEAT CONTRACTS - SFD revenues driven by repeat contracts in high potential regions, per CEO Bruce G. Wilcox

* CONVERTIBLE DEBENTURES - $5.675 mln of convertible debentures converted to common shares, affecting net income

* NON-CASH CHARGES - Net loss impacted by non-cash charges including stock-based compensation and remeasurement loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -C$0.08

Q2 Net -C$6.98

Income mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)