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WINDSOR, Ontario, Canada – NEXE Innovations Inc., a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended February 28, 2025 (“Q3 2025”).
“Surpassing our first million BPI-certified compostable pods is an important milestone that we believe reflects consumers and partners interest in alternatives to plastic,” stated Ash Guglani, President and Co-founder of NEXE.
“With a patent-protected technology which is designed to brew coffee in a manner similar to a French press, and the momentum we believe we are building through our partnerships, we believe NEXE is well positioned to expand its presence in the coffee market.”
NEXE Innovations: Financial
NEXE has a strong cash position to help execute its plans. As of February 28, 2025, the Company had working capital of $12,901,201 (May 31, 2024 – $12,836,802) with cash and cash equivalents that totaled $10,248,578 (May 31, 2024 – $8,048,712) and investments in term deposits and a GIC totaling $3,030,000 and $3,040,000 respectively. Debt is minimal at $378,252 related to an interest free government loan.
Going forward, the Company is also expected to have lower capital expenditures. During the three months ending February 28, 2025, NEXE’s capital investments amounted to $179,777. At the end of February 28, 2025, total commitments stand at $1.3 million.
Sales and Product
Revenue in Q3 2025 was $173,721 (Q3 2024 – $24,927). NEXE has entered four different partnerships starting with ecoBeans in mid-November, Bridgehead Coffee, EKOCUPS, and a North American distributor specializing in retail, office coffee services (OCS), and hospitality sectors. With the increased volatility around tariffs and geopolitical risks, it is expected that quarter-over-quarter revenues will fluctuate. “However, in our view, we have a strong pipeline in Canada and will focus our sales efforts on Canada as we work on our U.S. strategy,” says the company.
NEXE is working with two customers on testing the Nespresso* OriginalLine compostable pods. They expect to launch these pods later in the calendar year 2025.
NEXE continues to invest in R&D and is working on additional sustainable products targeting various industries. “We believe there are various industries where our proprietary resin may be an ideal fit and where the total addressable market is bigger than that of the coffee pod market.”
The Company’s Q3 2025 financial statements and related management’s discussion and analysis are available on NEXE’s SEDAR+ profile at www.sedarplus.ca and the Company’s website at www.nexeinnovations.com.
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
