Kontrol Technologies Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.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 fiscal year ended December 31, 2025. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR ( www.sedarplus.ca).Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.In the second quarter of 2024, the Company completed the sale of the operational net assets of CEM Specialties Inc. and as such fiscal year ended 2025 revenue and overall operational activity was lower compared to the prior year.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.During the year ended December 31, 2025, the Company repurchased 2,132,000 common shares for a total of $348,202. 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 53,759,169 shares outstanding as at December 31, 2025.Financial ResultsThree months endedFor the years endedDec 31, 2025Dec 31, 2024Dec 31, 2025Dec 31, 2024Revenue$1,585,347$1,749,808$5,675,662$10,928,814Gross profit$747,036$858,702$3,069,091$6,135,882Net income (loss) from continuing operations$(6,049,014)$148,582$(6,257,876)$12,197,640Gain (loss) from discontinued operations––––Net income (loss) and comprehensive income (loss)$(6,049,014)$148,582$(6,257,876)$12,197,640Basic and diluted EPS – continuing operations$(0.11)$0.00$(0.11)$0.21Add/Deduct for Adjusted EBITDA reconciliation:Amortization and depreciation$263,553$156,957$733,076$772,189Net finance expense (income)$(17,149)$(33,808)$(123,978)$173,021Impairment of assets$1,228,363–$1,228,363–Gain on sale of assets–––$(13,281,812)Realized loss on sale of marketable securities$488,451–Unrealized loss on revaluation of marketable securities4,536,471$(21,738)3,082,435$(21,738)Tax recovery$(69,411)$(609,052)$(69,411)$(609,052)Share based compensation$1,917$68,915$147,336$244,294Adjusted EBITDA$(105,270)$(290,144)$(771,604)$(525,458)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.“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.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.Kontrol Technologies Corp. is a leader in smart buildings and energy efficiency solutions. Through a combination of technology-driven services and strategic acquisitions, Kontrol delivers integrated solutions that reduce energy consumption, lower carbon emissions, and enhance building performance for commercial and residential properties across Canada. 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.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.Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information. https://www.businesswire.com/news/home/20260331202311/en/ContactsPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.