Canada's Greenlane Renewables Q2 revenue, adjusted EBITDA fall on timing of royalty, parts orders

Greenlane Renewables

13/08/2026 23:12

Overview
Canada biogas upgrading tech firm's Q2 revenue was C$11.3 mln, adjusted EBITDA positive
Revenue and adjusted EBITDA declined yr/yr due to timing of royalty and parts orders
Company signed Brazil manufacturing deal with Panasonic, completed testing of new NRU tech

Outlook
Greenlane aims for production readiness of Cascade LF and Cascade MS technology by end of 2026
Company expects continued robust performance in parts, service, and biogas desulfurization business areas
Company sees favorable regulatory trends supporting biomethane and RNG market growth in Brazil, U.S., and Europe

Result Drivers
PROFITABLE BUSINESS AREAS - Strong gross margin contribution from parts and service and biogas desulfurization business areas supported positive adjusted EBITDA
REVENUE TIMING IMPACT - Revenue and adjusted EBITDA were lower yr/yr due to timing of royalty revenue and a large spare parts order in Q2 2025

Company press release: ID:nCNWfvFDLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$11.30 mln
 
Q2 Adjusted EBITDA from Continuing Operations
 
C$65,000
 
Q2 Gross Profit
 
C$4.40 mln
 

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(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.)