NXT Energy Solutions Inc.

Appearance date: May 14, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• NXT Energy Solutions Inc (NSFDF) recorded a significant improvement in profitability with a net result of $ 7.68 million for the first quarter of 2025 compared to a net loss of $ 1.7 million in the first quarter of 2024.

• In the first quarter of 2025, the company achieved a positive operational cash flow of approximately $ 1.47 million, which significantly improved compared to USD 590,000 in the first quarter of 2024.

• NXT Energy Solutions Inc.

• The company has successfully concluded six new contracts, including repetition contracts in Africa, which indicates strong business development and customer loyalty.

• NXT Energy Solutions INC (NSFDF) was recognized for his exploration technology, which was won over the best exploration technology price at the Gulf Energy Awards 2023 and was appointed at the Platt Global Energy Transition Award.

• The associated SFC costs rose by over 219%due to survey activities, which could affect future profitability if they are not carefully managed.

• The general administrative costs rose in the first quarter of 2025 by around $ 87,000 compared to 2024, which is due to higher business activities and support costs.

• The company is excluded to disclose certain income projections for future quarters, which can limit the visibility of investors into future financial performance.

• Despite the strong quarter, the company recognizes that a quarter does not guarantee long -term success, which indicates potential volatility in future results.

• NXT Energy Solutions Inc (NSFDF) faces challenges when expanding its operating capacity, such as:

Q: Can you outline the potential income for the rest of this year? A: Bruce Wilcox, CEO: We are excluded, to disclose certain numbers of income due to contractual terms. However, we have announced a second Nigerian contract, and although I cannot deliver precise numbers, it will be a strong year of use.

Q: Is the company the feeling that it is still in emergency mode or is there now more optimism? A: Bruce Wilcox, CEO: We are definitely not in emergency mode. This is the most sustainable and most extensive financial and operational position in which we have been since my board. We have a complete calendar for 2025 and high prospects for early 2026.