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    Waste Management
Northstar Clean Technologies Inc.

Northstar Clean Technologies Inc.

ROOF.V
Northstar Clean Technologies Inc.CA flagToronto Stock Exchange Ventures
0.16
CAD
- -
- -
25.66MMarket Cap
Northstar Clean Technologies Inc.
ROOF.V
(Toronto Stock Exchange Ventures)

Recent

price

0.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
0.01
- -
- -
Revenue per Share
-0.06
-0.08
-0.08
-0.06
-0.07
-0.1
-0.11
Basic EPS, GAAP
-0.01
-0.05
-0.06
-0.06
-0.19
-0.1
-0.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.02
0.08
-0.01
-0.04
-0.1
-0.15
-0.17
Book Value per Share
0.02
0.1
0.03
- -
-0.06
-0.11
-0.13
Tangible Book Value per Share
106
89
107
121
128
142
147
Basic Weighted Avg Shares
- -
- -
- -
- -
1
1
1
Sales/Revenue/Turnover
- -
- -
- -
-3,108.04
-1,041
-1,633.29
-1,742.69
Operating Margin (%)
- -
- -
1
1
1
1
1
Depreciation Expense
-7
-7
-8
-7
-9
-15
-17
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
-3,231.9
-1,456.96
-2,485.21
-2,656.19
Profit Margin (%)
- -
5
- -
5
4
-7
-10
Working Capital
- -
2
2
7
37
45
46
LT Debt
2
9
3
5
-1
-9
-13
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-169.32
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
3
12
LT Borrowings
29
29
30
LT Finance Leases
16
16
16
Preferred Equity and Hybrid Capital
6
6
6
Shares Outstanding
151
155
161
Market Capitalization
46
34
31

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2
1
13
Cash, Cash Equivalents & STI
2
- -
13
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
7
23
Payables & Accruals
3
4
6
ST Debt
2
3
12
Deferred Revenue
1
1
1

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
158.68%
599.18%
Free Cash Flow
- -
206.75%
-41.22%
Net Income, GAAP
- -
20.47%
58.06%
Sales/Revenue/Turnover
- -
- -
-7.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.01
-0.03
- -
-0.07
2025
-0.02
-0.02
-0.03
- -
-0.1
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles through its proprietary Bitumen Extraction and Separation Technology (BEST). The company processes discarded or defective single-use asphalt shingles into liquid asphalt cement for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems; fiberglass or felt fiber; and mineral aggregates for construction products and other industrial applications. Founded in 2017 and headquartered in Delta, British Columbia, Northstar operates its Empower Pilot Facility and plans commercial-scale facilities starting with the Empower Calgary Facility in Alberta, with targeted expansion into the United States. Recent developments include the closing of $3.6 million in funding in July 2025 to support the transition to commercial operations at the Empower Calgary Facility and future site development; a $14.0 million royalty transaction in 2024 with CVW CleanTech comprising a five-year 10.0% second secured convertible debenture; and in June 2025, receipt of a non-binding letter of interest from Export Development Canada for up to C$12.5 million in project financing for its first planned U.S. shingle reprocessing facility, with potential support for three additional U.S. sites, supported by existing liquid asphalt off-take agreements with TAMKO Building Products LLC.