Flexible Solutions International, Inc. (NYSE Amex: FSI) develops and manufactures biodegradable polymers for various industries including oil extraction, detergent ingredients, water treatment, and crop nutrient availability chemistry.
The company also focuses on manufacturing biodegradable and environmentally safe water and energy conservation technologies, along with expanding into the food and nutrition supplement markets.
Key highlights from the second quarter financial results include an 8% increase in sales compared to the same period last year, with net income reaching $2,028,912 or $0.16 per basic share.
Sales Growth
Q2 sales increased by 8% compared to the previous year, reaching $11,367,132.
Net Income
Q2 2025 net income was $2,028,912, or $0.16 per basic share, showing a significant improvement from the same period last year.
Operational Progress
The company made strides in moving legacy production to Panama for international customers while expanding its food grade business in Illinois.
Revenue Sources
NanoChem division and ENP subsidiary remain primary revenue sources, with upcoming production shifts aimed at introducing new food grade products.
- The higher earnings in Q2, 2025 were driven by research and development services sales, partially offset by increased costs including higher tariffs.
- The ongoing transition of production locations and the emergence of opportunities in various sectors signal a dynamic growth trajectory for Flexible Solutions International.
Flexible Solutions International's second quarter financial performance reflects resilience amidst challenges, positioning the company for continued growth and expansion across multiple markets.