$ADUR

ADURO CLEAN TECHNOLOGIES INC.

CIK:0001863934|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - CAD ($)	12 Months Ended
	May 31, 2026	May 31, 2025
Profit or loss [abstract]
Revenue	$ 167,206	$ 231,212
Expenses
Research and development	7,473,717	5,458,818
General and administrative	10,030,369	6,093,918
Depreciation and amortization	702,075	536,302
Finance costs	13,747	12,321
Foreign exchange	(255,207)	67,779
Expenses	17,964,701	12,169,138
Loss before other items	(17,797,495)	(11,937,926)
Other items
Change in fair value of derivative financial liability	(9,979,637)	(220,916)
Other income	895,306	13,052
Gain on write-off of trade payables	32,813	0
Loss and comprehensive loss	$ (26,849,013)	$ (12,145,790)
Basic loss per share	$ (0.835)	$ (0.446)
Diluted loss per share	$ (0.835)	$ (0.446)
Weighted average number of common shares outstanding	32,170,008	27,225,530

Consolidated Statement of Cash Flows - CAD ($)	12 Months Ended
Consolidated Statement of Cash Flows - CAD ($)	May 31, 2026	May 31, 2025
Operating Activities
Net loss for the year	$ (26,849,013)	$ (12,145,790)
Items not affecting cash:
Depreciation and amortization	702,075	536,302
Share-based compensation expense	6,357,551	3,235,588
Interest expense accrued	13,747	11,859
Interest income	(705,097)	0
Gain on lease amendment	(11,596)	(13,052)
Gain on write-off of trade payables	(32,813)	0
Change in fair value of derivative financial liability	9,979,637	220,916
Changes in non-cash working capital	689,446	(829,674)
Cash used in operating activities	(9,856,063)	(8,983,851)
Financing Activities
Share subscription received	211,687	0
Issue of common shares, net of issuing costs	45,164,353	14,746,978
Finance lease repayments	(75,090)	(58,649)
Deferred transaction costs	0	(120,549)
Cash provided by financing activities	45,300,950	14,567,780
Investing activities
Property and equipment acquired	(4,809,782)	(1,440,659)
Interest income	705,097	0
Cash used by investing activities	(4,104,685)	(1,440,659)
Change in cash during the year	31,340,202	4,143,270
Cash and cash equivalents, start of year	6,957,846	2,814,576
Cash and cash equivalents, end of year	38,298,048	6,957,846
Supplementary disclosure of non-cash activities:
Property and equipment additions in accounts payable at year-end	110,433	33,885
Deferred transaction costs in accounts payable at year-end	0	82,580
Deferred transaction costs reclassified to share capital	137,051	0
New right of use asset and related lease liability recognised at start of lease	$ 472,214	$ 161,949

Consolidated Statements of Financial Position - CAD ($)	May 31, 2026	May 31, 2025
Current
Cash and cash equivalents	$ 38,298,048	$ 6,957,846
Deposits and prepaid expenses	801,199	1,161,722
Other receivables	253,376	304,424
Deferred transaction costs	0	137,051
Total current assets	39,352,623	8,561,043
Non-current
Property and equipment	8,364,196	4,109,459
Right of use assets	480,177	163,918
Total non-current assets	8,844,373	4,273,377
Total assets	48,196,996	12,834,420
Current
Trade payables and other current liabilities	707,067	468,037
Lease liability - current portion	89,436	60,621
Total current liabilities	796,503	528,658
Non-current
Lease liability - non-current portion	395,319	110,332
Derivative financial liability	17,150,532	403,053
Total non-current liabilities	17,545,851	513,385
Shareholders' equity
Share capital	79,176,198	38,114,675
Share subscription received	211,687	0
Warrant reserve	226,877	453,278
Contributed surplus	12,130,759	8,266,290
Accumulated deficit	(61,890,879)	(35,041,866)
Total equity	29,854,642	11,792,377
Total Liabilities and Shareholders' Equity	$ 48,196,996	$ 12,834,420