Greenlane Renewables (TSE:GRN) Issues Earnings Results

Greenlane Renewables (TSE:GRN) released its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$11.31 million during the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%.

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

• Cascade LF commercialization advanced through successful Linear NRU testing that exceeded expectations and definitive manufacturing agreements with Panasonic in Brazil. Greenlane remains targeting production readiness by the end of 2026.
• Greenlane returned to positive adjusted EBITDA in Q2 while maintaining a 41% gross margin before amortization and continuing to invest in R&D, which doubled year over year to CAD 0.8 million.
• The Panasonic partnership is expected to support local production, customer financing requirements, and potentially higher-margin royalty revenue; management estimates a combined CAD 600 million annual addressable market for Cascade LF and Cascade MS across Brazil, the U.S., and Canada.
• The company ended the quarter with CAD 12.1 million in cash, no debt, and a CAD 25.6 million sales backlog, although backlog declined sequentially and excludes service and spare-parts revenue.
• Reported Q2 revenue and adjusted EBITDA were below the prior-year period because Q2 2025 included royalty revenue and a large parts order; management also indicated that meaningful Cascade LF financial results are expected only after production readiness.

Greenlane Renewables Price Performance

GRN opened at C$0.20 on Friday. The company has a debt-to-equity ratio of 11.69, a quick ratio of 2.05 and a current ratio of 1.54. The stock has a market capitalization of C$31.92 million, a PE ratio of -20.00, a price-to-earnings-growth ratio of -555.67 and a beta of 3.76. The stock’s 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.23. Greenlane Renewables has a 52-week low of C$0.09 and a 52-week high of C$0.33.

About Greenlane Renewables

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.