SNRGOTCRefuse SystemsUS GAAP · USD

SusGlobal Energy Corp.

SusGlobal Energy Corp. is a Delaware-incorporated waste-to-energy and regenerative products company with operations centered in Ontario, Canada. Its business focuses on processing organic residuals through composting, digestion, wastewater-related treatment, and related environmental services, while also producing compost and liquid fertilizer products from waste streams.

Liikevaihto0,0milj. USD
−59,5 %v/v
Nettotulos−5,7milj. USD
+27,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−8−6−4−202milj. USD2020: 1,6 milj. USD2020: EBIT −2,3 milj. USD20202021: 0,75 milj. USD2021: EBIT −3,8 milj. USD20212022: 0,59 milj. USD2022: EBIT −7,8 milj. USD20222023: 0,61 milj. USD2023: EBIT −5,3 milj. USD20232024: 0,08 milj. USD20242025: 0,03 milj. USD20250,03
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Organic waste processing45 %

Collection, handling, and treatment of organic residuals and source-separated organics.

Composting and regenerative products30 %

Conversion of organic waste into compost and liquid fertilizer products.

Waste-to-energy technologies15 %

Anaerobic digestion and related processes that recover value from waste streams.

Environmental services10 %

Leachate management, wastewater treatment, and biosolids-related services.

Asiakkaat

SusGlobal primarily serves municipalities, especially in Ontario, Canada, that need compliant disposal and treatment solutions for organic waste. The company also targets public and private market participants that require waste diversion, environmental remediation, and regenerative product outputs from organic residuals.

Municipalities

Local governments buy organics processing and composting services to meet diversion and environmental compliance needs.

Public-sector waste programs

Public agencies and related entities use the company's facilities and technologies for waste treatment and landfill diversion.

Private waste and organics generators

Commercial and industrial customers may use the company's processing services for organic residuals and related waste streams.

Carbon credit and regenerative product buyers

Customers and counterparties purchase compost, liquid fertilizer, or carbon-related outputs tied to waste diversion.

Strategia

SusGlobal's strategy is built around acquiring, developing, and monetizing proprietary waste-to-energy and regenerative product technologies. The company also emphasizes integrating technology with capital investment to optimize organics processing, expand compliant waste handling capacity, and convert waste streams into marketable outputs such as compost, liquid fertilizer, and carbon credits.

Restore and upgrade facility operationsLyhyt aikaväli

Operating capacity drives waste acceptance, service revenue, and downstream product output.

Secure funding for capital needsLyhyt aikaväli

The business model requires investment to complete repairs, compliance work, and facility reopening.

Monetize regenerative outputsKeskipitkä aikaväli

Compost, liquid fertilizer, and carbon credits diversify revenue beyond tipping fees.

Build a portfolio of waste-to-energy technologiesPitkä aikaväli

Proprietary technologies can improve processing economics and create licensing or operating value.

Maantiede

The company is headquartered in Toronto, Ontario and its operating footprint is centered in Ontario, Canada, including the Belleville facility. Its disclosures indicate a Canadian operating base with a U.S. Delaware corporate domicile, while customer demand is tied to local municipal waste systems and provincial environmental regulation.

Riskit

The company faces material operational and regulatory risk because its Belleville facility has been subject to compliance orders and waste acceptance has been interrupted. It also has going-concern uncertainty, funding dependence, and exposure to environmental remediation and equipment repair costs, while the broader organics-processing industry is sensitive to permitting, contamination, and commodity-like pricing for waste services and byproducts.

Järjestetty vakavuuden mukaan
Belleville facility compliance and operational disruptionKriittinen

The company ceased accepting waste after regulatory orders, reducing core processing activity and revenue.

KohdistuuBellevilleOntario facility
Going-concern and financing riskKriittinen

Auditors expressed substantial doubt about the company's ability to continue as a going concern, indicating reliance on new capital.

Kohdistuu: Corporate liquidity and project funding

Environmental remediation and permitting riskKorkea

Waste facilities require ongoing compliance, approvals, and remediation work that can delay operations and increase costs.

Kohdistuu: Ontario environmental regulators

Revenue concentrationKorkea

The business appears dependent on a limited number of facilities and municipal customers, increasing volatility.

Kohdistuu: Ontario municipal market

Commodity and byproduct pricing riskKeskitaso

Compost, fertilizer, and carbon credit sales can fluctuate with market demand and policy conditions.

Kohdistuu: Regenerative products and carbon markets

Kirjanpito

Harkinnanvaraiset erät
Long-lived asset and intangible asset impairment

Facility disruptions and compliance issues can reduce recoverable value and trigger write-downs.

Vaikutus: Belleville facility and related assets

Environmental remediation provisions

Cleanup, repairs, and stormwater rehabilitation require estimates that may change as work progresses.

Vaikutus: Operating expenses and liabilities

Fair value accounting for convertible promissory notes

Mark-to-market treatment can create non-cash gains or losses in earnings.

Vaikutus: Other income/expense and net loss

Revenue recognition for tipping fees and carbon credits

Revenue depends on when waste is accepted and when carbon credits are sold or recognized.

Vaikutus: Quarterly comparability and revenue volatility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026