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QIND.0275,INCREDIBLE NEWS JUST OUT.
https://www.otcmarkets.com/stock/QIND/news/Quality-Industrial-Corp-Reports-Fiscal-Year-2024-Results-Subsidiary-Al-Shola-Gas-Achieves-311-Year-Over-Year-Revenue-Gro?id=474989
Quality Industrial Corp. Reports Fiscal Year 2024 Results; Subsidiary Al Shola Gas Achieves 31.1% Year-Over-Year Revenue Growth
GlobeNewswire | 04/28/2025
Quality Industrial Corp. Reports Fiscal Year 2024 Results; Subsidiary Al Shola Gas Achieves 31.1% Year-Over-Year Revenue Growth
SAN FRANCISCO, CA , April 28, 2025 (GLOBE NEWSWIRE) -- Quality Industrial Corp. (“QIND” or the “Company”) (OTC: QIND), an industrial and energy-focused company providing comprehensive solutions for the liquefied petroleum gas ("LPG") industry, today announced its financial results for the fiscal year ended December 31, 2024.
Through its operating subsidiary, Al Shola Gas, QIND offers consulting, design, supply, installation, and maintenance of LPG systems, as well as bulk and cylinder LPG distribution services. The Company serves a broad range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, and commercial kitchens.
Fiscal Year 2024 Highlights:
Total Revenue: QIND reported total revenue of $11,177,567 for the year ended December 31, 2024, primarily driven by the acquisition and consolidation of Al Shola Gas beginning in April 2024.
Subsidiary Performance: Al Shola Gas generated revenue of $14,268,840 for the twelve months ended December 31, 2024, representing a 31.1% increase compared to $10,839,209 in 2023.
Operating Expenses: Operating expenses increased to $3,280,008 for 2024, compared to $2,766,256 in 2023. General and administrative expenses remained relatively consistent year-over-year but shifted from being primarily share-based expenses in 2023 to operating expenses of Al Shola Gas in 2024.
Professional and Legal Fees: Professional fees increased to $849,925 in 2024 from $315,011 in 2023, driven by one-off expenses, including a reaudit of the Company's financials by its new auditor, Bush & Associates CPA ($95,000), and legal fees related to the Company’s merger with Fusion Fuel Green PLC, handled by Lucosky Brookman LLP ($525,994).
Net Income: QIND achieved net income of $266,780 in 2024, compared to a net loss of $4,232,732 in 2023. Al Shola Gas contributed net income of $2,051,645 in 2024, an increase of 17.6% over 2023, factoring in a new 9% United Arab Emirates corporate tax provision implemented in 2024.
John-Paul Backwell, Chief Executive Officer of QIND, commented:
"We are pleased to report a significant turnaround in financial performance, driven by the consolidation of Al Shola Gas and sustained operational improvements. The early momentum in 2025, reflected in recent orders from both existing and new customers, positions us well for continued growth. We expect to see similar year-over-year performance gains as we strategically invest in expanding Al Shola Gas’s capabilities."
Strategic Outlook
In 2025, QIND plans to allocate additional resources to Al Shola Gas to drive operational efficiency, expand sales volume, and enhance financial performance. Planned capital investments, including the acquisition of new vehicles for bulk LPG supply operations, are expected to support further revenue growth. Management anticipates that these strategic initiatives will result in increased revenue and corresponding operating expenses.
About Quality Industrial Corp.
Quality Industrial Corp. (“QIND”) is a diversified industrial and energy company specializing in the liquefied petroleum gas (LPG) sector through its wholly owned subsidiary, Al Shola Gas. The Company delivers end-to-end LPG solutions, including consultation, engineering, supply, installation, and maintenance services, alongside bulk and cylinder-based LPG distribution. QIND is a majority owned subsidiary of Fusion Fuel Green PLC (NASDAQ: HTOO). QIND is headquartered in San Francisco, California, and Al Shola Gas is headquartered in Dubai, United Arab Emirates.
For more information, visit: https://qualityindustrialcorp.com | https://alsholagas.ae | https://www.fusion-fuel.eu
This Press Release does not constitute an offer of any securities for sale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Forward-looking statements are identified by words such as "expect," "plan," "anticipate," "believe," "intend," "estimate," "may," "continue," "will," "likely," and similar expressions, and include statements regarding the Company’s future growth, financial performance, strategic initiatives, and other future events or conditions. These statements are based on current expectations, estimates, and projections, and are not guarantees of future performance. Actual results may differ materially from those indicated by such forward-looking statements as a result of various risks, uncertainties, and other factors, including those disclosed in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Contact:
Quality Industrial Corp.
505 Montgomery Street, San Francisco, CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor Relations Website: https://qualityindustrialcorp.com
Twitter: @QualityIndCorp | @Fusion_Fuel
https://www.globenewswire.com/newsroom/ti?nf=OTQ0MDA3OCM2OTA4NjQ4IzUwMDEzNTA2NQ==
https://ml.globenewswire.com/media/MDViNWQxN2UtZjVhYS00NzdiLTljZmMtNGYwMGE4YjFkM2M5LTUwMDEzNTA2NS0yMDI1LTA0LTI4LWVu/tiny/Quality-Industrial-Corp-.png
Source: Quality Industrial Corp.
© 2025 GlobeNewswire, Inc.
QIND WAS .63 PER SHARE IN APRIL 2023.TWO YEARS AGO.SO HOPING WE SEE AT THE LEAST .15.
30 Apr 2023
0.51
-0.0099
-1.90%
0.52
0.63
0.46
1,818,289
$ILUS 0.00187 +16.88% #BULLISH MOVE .0019's UP NOW!
NICE UPDATE. YEAH MAYBE FUNDS WERE RAISED FOR SUBSIDIARY. ALL TIED TOGETHER. LFG!!
I agree. Bought more today at .0017.
$ILUS Looks like a BUY SIGNAL confirmed @ .0017
@ILUS_INTL
#Bullish
$ILUS MAJOR NEWS- ASM SCHEDULED FOR JUNE 24, 2025 IN MIAMI. (Annual Shareholder Meeting)
LAST TWO WERE 1/28/2022 and 1/27/2023 and then Small Meeting 2/26/2024.
UPDATES & NEWS EXPECTED PRIOR TO ASM!
THAT NEWS WAS OUT 4/15, EVERYONE KNOWS OF THAT INCREASE.
MARKETS ARE ALL RED TODAY THANKS TO DJT
$ILUS should have some updates soon. ASM is in June in Miami and many people are going.
I say 0.03 by June
I DO NOT KNOW ABOUT $1.00 PPS.BUT WE COULD SEE .01 TO .029.IMO.WE WILL SEE.
Nine million shares traded in the first hour.
Could they go to Nasdaq thru HTOO listing? That would be the easy road.
Looking good !! HTOO majority stake has not moved yet. It will be interesting to see what the outcome will be of all these parts.
This is an incredible buying opportunity ORCA. The company is in growth mode, and they will continue to make further acquisitions and proceed with their strategy. They have been in a very tough economic situation with interest rates being so high and a shortage of liquidity. This is a solid company with an excellent business model and leadership. Any otc company that can uplist their subsidiaries is a winner in my book. I expect to see the share price in the dollars before long. I am personally using this dip in share price to accumulate for the long-term. This company has a healthy balance sheet as well. See the otc markets site to view the very bullish official filings. They have made a profit every quarter for three years in a row now. They are a fully sec reporting company. Their Form 10 has been on file with the sec since 2022. The are also on the approved vendor list of the European Union. Multiple uplists incoming! SAML QIND ILUS family
$ILUS .0028's above average volume. #OTC Heating up! .003's up soon. ILUS Subsidiary majority owns Nasdaq HTOO
Anticipate it will hit 2 cents before June
I dont have my hopes up but .06 will get me 140K of my money back. If it does, I will add it to my NVDA investment. Now that is a real stock!
One day closer! Won't be much longer until the $ILUS ASM!
"ILUS plans to submit the requisite registration for its intended uplisting during the summer of 2025, with additional details to be revealed in the upcoming months. While there are no guarantees, management is diligently striving to execute these key transactions prior to or in conjunction with the timing of the shareholder meeting."
I think I heard the President say BUY ILUS 3 days ago. A beautiful thing!!
Yes I would agree. It seems that the OTC may have a good year in 2025. Corrections have light effect on the OTC. Good luck to all.
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Nicolas Link, CEO
Operating out of New York, London, and Dubai, ILUS International (Ilustrato Pictures International Inc) is a public Mergers and Acquisitions company focused on adding Shareholder value through innovation and growth.
ILUS International’s vision has evolved in line with the needs of the technology and manufacturing sectors it has been involved in. We focus primarily on innovative emergency services, life safety and related technologies such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology and related software solutions.
With a proven record of acquiring carefully selected businesses that are appropriate to our vision, ILUS aims to complete further acquisitions of companies which possess innovative and disruptive technology and already achieve annual revenue of $1-10 million.
ILUS International has already completed multiple acquisitions and is completing new acquisitions each quarter. Each acquisition rapidly increases the global expansion and growth of the company. Our primary focus is to add shareholder value as we continue to acquire, develop and grow companies which transform their respective industries and the world we live in.
ILUS International (Ilustrato Pictures International Inc) adds Shareholder value by acquiring, developing and growing businesses around the world which possess innovative and disruptive technology. The ILUS team works tirelessly to introduce new products, technologies, skills, efficiencies and improvements to the group of companies by cross pollinating within the group. Each strategic acquisition adds specific value to the direction and growth of the ILUS group of companies.
ILUS has a dynamic and experienced management team, all of whom have extensive experience in acquiring, and building companies within the relevant technology and manufacturing sectors where ILUS is focused.
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
02-07-2021
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