Abundia Global Impact Group Provides Third Quarter 2026 Business Update

(NYSE:AGIG) Abundia Global Impact Group, Inc. provided a business update following the release of its financial results for the third quarter ended September 30, 2026. Ed Gillespie, Chief Executive Officer, stated that RPD delivered $2.2 million in revenue for the quarter and $5.2 million year-to-date. The company reported that it has delivered on technology, engineering, and feedstock milestones and is progressing its first renewable fuels facility at Cedar Port. Abundia secured a $10 million credit facility from its largest shareholder, Bower Family Holdings, LLC, which enabled the retirement of a convertible note. The Board authorized a $5 million share repurchase program, under which 616,752 shares have been repurchased through September 30, 2026. Cedar Port Phase 1 was completed, including RPD’s purpose-built engineering and technology scale-up facility. A multi-site license agreement was secured with Topsoe, an upgrading partner. The Process Design Package (PDP) was completed, establishing the technical baseline for Front-End Engineering and Design (FEED), which is underway with Burns & McDonnell and is progressing on schedule and within budget. The company secured 50% of its feedstock needs through a 10-year supply agreement totaling 40,000 tons of waste plastics per year. Abundia completed the acquisition of RPD Technologies, a long-term partner with an established technology process and scale-up business. For the third quarter of 2026, total revenue increased 51% to $2.3 million compared with $1.5 million in the prior-year period, driven by RPD’s revenue contribution. RPD’s engineering and process development segment revenue increased 65% to $2.2 million compared with $1.3 million in the prior-year period. Gross profit was approximately $473,000, and gross margin was approximately 20%, compared with a gross loss of approximately $59,000 in the prior-year period. Net loss attributable to Abundia was approximately $3.6 million, compared with $21.1 million in the prior-year period. As of September 30, 2026, cash and cash equivalents were approximately $2.8 million and total assets were approximately $42.4 million, including $20.2 million of net property and equipment.