NXT Energy Solutions Announces Second Quarter 2026 Results

CALGARY, AB / ACCESS Newswire / August 6, 2026 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced financial and operating results for the quarter ended June 30, 2026. Dollar amounts are in Canadian Dollars, unless otherwise identified.

NXT entered the second half of 2026 on a sound commercial and financial footing. We received the mobilization fee for the next African SFD® survey and began mobilizing flight operations on August 2, 2026. On April 8, 2026, we announced a new contract in South Asia further enhancing our geographic diversity. We anticipate revenues from these contracts to be reflected commencing with Q3-26. Net Working Capital (see "Non-GAAP Measures") at June 30, 2026, was approximately $2.09 million and Cash and Short-term investments were $1.72 million.