NXT Energy Solutions Reports Improved Financial Performance in Q3 2025

NXT Energy Solutions Inc. reported significant financial improvement for the third quarter of 2025. The company announced that year-to-date revenues from its SFD® technology reached $14.21 million, a substantial increase from $0.60 million in the same period last year. This revenue growth was primarily attributed to successful SFD® surveys in Africa and Southeast Asia, marking a strong recovery from 2024.

The net loss reduced to $1.08 million for YTD 2025 from $6.28 million in YTD 2024. A notable non-cash accounting charge of $5.83 million skewed the results, related to fair value changes in convertible debentures due to an increase in share price. Excluding this, the company would have reported a pre-tax profit of approximately $4.75 million.

NXT completed the integration of its Southeast Asia survey in July and commenced data acquisition in Pakistan. These developments underscore NXT's expanding operational reach and commercial success. The company remains a finalist in the Excellence in Energy - Upstream category at the 27th Platts Global Energy Awards.