Greenlane Renewables (TSE:GRN) Posts Earnings Results

Greenlane Renewables (TSE:GRN) posted its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. Greenlane Renewables had a negative net margin of 2.35% and a negative return on equity of 4.33%. The company had revenue of C$9.54 million for the quarter.

Here are the key takeaways from Greenlane Renewables’ conference call:

• Greenlane reported a strong Q1 with CAD 9.5 million in revenue, up 36% year over year, and gross margin excluding amortization improved to 43% from 40% last year.
• The company narrowed its adjusted EBITDA loss to CAD 0.8 million from CAD 1.1 million in Q1 2025, helped by higher-margin business mix.
• Management said it is deliberately ramping down legacy low-margin upgrading system contracts and shifting toward proprietary standard products, royalties, parts and service, and biogas desulfurization.
• Greenlane announced a partnership with Panasonic to manufacture Cascade LF and Cascade MS in Brazil, with Panasonic funding facility changes, tooling, equipment, and working capital needs.
• The company said Cascade LF remains on track for final development and production start readiness, with manufacturing expected before the end of 2026 and commercialization targeted later this year.

Greenlane Renewables Trading Down 15.7%

Shares of GRN stock opened at C$0.22 on Friday. The firm has a market cap of C$34.31 million, a P/E ratio of -21.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.89. The business has a 50-day moving average price of C$0.24 and a two-hundred day moving average price of C$0.24. The company has a quick ratio of 2.05, a current ratio of 1.61 and a debt-to-equity ratio of 11.25. Greenlane Renewables has a 12-month low of C$0.08 and a 12-month high of C$0.33.

Greenlane Renewables Company Profile

Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.