QIND
Quality Industrial Corp.0.0210
-0.0007-3.13%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.41MP/E (TTM)
0.21Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
8-K
QIND governance, growth update
Quality Industrial Corp. bolstered its board in August 2025, expanding to three non-remunerated members after Nicolas Link stepped down as Executive Chairman, saving $720,000 annually in compensation. Al Shola Gas, its UAE subsidiary, posted 32.1% revenue growth for Q3 2025 versus last year, fueled by new $7 million engineering contracts and $2 million in recurring fuel sales, while QIND cut debt and payables by $1 million each and invested $1.25 million in expansion. The pending Fusion Fuel transaction awaits Nasdaq approval; yet growth targets exceed $20 million revenue in 2026.
10-Q
Q3 FY2025 results
Quality Industrial Corp. posted Q3 revenue of $3.5M, up 32% y/y from $2.7M, driven by Al Shola Gas's LPG projects in the UAE, while YTD revenue hit $11.1M, a 86% y/y surge from $6.0M. Gross profit climbed to $1.2M with a 34.5% margin, yet operating loss widened to $286K from a $85K profit, fueled by $1.4M in general and administrative costs including $520K in executive settlements. Net loss narrowed to $78K from $340K, thanks to $319K in other income from a legal settlement, while YTD net loss stood at $1.2M versus $195K profit, with EPS at -$0.01 on 152M shares. Cash rose to $972K on $3.8M financing inflows from parent Fusion Fuel, despite $1.9M operating outflow; convertible notes totaled $2.1M with $397K accrued interest. The ASG acquisition closed March 2024 for $10M (cash/stock), adding $8.4M goodwill. Competition in UAE gas distribution poses ongoing risks.
8-K
Executive leadership realigned
Quality Industrial Corp. executed a strategic executive shakeup on August 28, 2025, appointing Carsten Kjems Falk as interim CFO and director, Sanjeeb Safir as COO, Frederico Figueira de Chaves as chairman and director, and John-Paul Backwell as director, while accepting resignations from Krishnan Krishnamoorthy, Louise Bennett, and Nicolas Link—all without disagreements. This realignment leverages internal talent and Fusion Fuel ties to sharpen operations amid energy sector shifts. Leadership transitions demand swift integration. Payouts total about $315,000 to departing executives.
10-Q
Q2 FY2025 results
Quality Industrial Corp. posted solid revenue growth in Q2 FY2025 ended June 30, 2025, with $4.0M up 20.9% y/y from $3.3M, driven by its Al Shola Gas subsidiary, while YTD revenue doubled to $7.6M from $3.3M on full-year consolidation. Gross profit climbed to $1.3M from $1.2M y/y, but operating income held steady at $440K amid higher admin costs; YTD swung to a $507K operating loss (derived) from $345K profit, largely from a $1.0M one-time management bonus. Net loss attributable to shareholders narrowed to $196K from $98K profit y/y, yet widened YTD to $1.6M from $304K profit, with the gap to operating loss tied to $395K interest on convertible notes and $91K debt discount amortization. Cash rose to $297K from $226K at year-start, bolstered by $806K financing inflows mainly from parent Fusion Fuel, though operating cash burned $515K; free cash flow not disclosed in the 10-Q. Convertible notes totaled $2.5M net, with $6.4M current payables to ASG sellers due over 12 months in cash or stock. Al Shola Gas, acquired March 2024 for $10.0M (51% stake, recognizing $8.4M goodwill), added recurring LPG utility revenue from new Dubai projects. Competition in UAE gas distribution remains a key risk.
10-Q
Q1 FY2025 results
Quality Industrial Corp. posted Q1 FY2025 revenue of $3.6M, up from zero a year ago thanks to its Al Shola Gas subsidiary, with gross profit at $955K yielding a 26.4% margin. Yet operating expenses ballooned to $1.9M, driven by a $1.0M management bonus tied to the HTOO merger, flipping operations to a $947K loss. Net loss hit $1.3M, or $0.01 per diluted share on 135.5M weighted shares, versus a slim profit last year; the gap stems from interest on convertible notes and taxes, while last year's gain rode non-operating income now absent. Cash climbed to $360K, bolstered by $670K in financing from parent HTOO, though free cash flow isn't disclosed in the 10-Q. The ASG acquisition, closed March 2024 for $10M (cash/stock mix), added $8.4M goodwill and integrates smoothly with new project wins. Convertible notes total $2.5M net, with $862K related-party payable to HTOO. Competition in UAE LPG markets poses ongoing pressure.
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