Welcome to our dedicated page for QUALITY INDL SEC filings (Ticker: QIND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Quality Industrial Corp. (QIND) SEC filings page brings together the company’s regulatory disclosures, allowing readers to review how this industrial, energy-focused issuer reports its activities to U.S. regulators. QIND files periodic and current reports with the Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K, which cover its LPG-centered operations, corporate governance, and material events.
For investors following QIND’s business through its operating subsidiary Al Shola Gas, the company’s annual reports (Form 10-K) and quarterly reports (Form 10-Q) provide details on revenue, net income, and other financial measures associated with LPG system design, consultation, supply, installation, maintenance, and LPG distribution and bulk supply. These filings also describe the impact of acquisitions, such as QIND’s 51% interest in Al Shola Gas, and outline risk factors and accounting policies relevant to its industrial, oil & gas, and utility sector activities.
Current reports on Form 8-K document significant corporate developments. For example, an 8-K dated November 10, 2025, refers to a shareholder letter discussing corporate governance, operational performance, financial progress, and the status of a transaction with Fusion Fuel Green PLC. Other 8-K filings and registration statements, such as the S-1 related to a proposed firm commitment public offering and exchange listing, provide information on capital markets plans and acquisition-related agreements.
On this page, users can access QIND’s filings as they are made available through EDGAR and use AI-powered summaries to help interpret complex documents. These tools can assist in understanding topics such as transaction structures, changes in control, auditor appointments, and the financial reporting of QIND’s LPG-focused industrial operations.
Quality Industrial Corp. COO and Managing Director Middle East Safir Sanjeeb reported two major share transactions involving 1,000,000 QIND common shares. On September 2, 2024, he received 1,000,000 shares as a grant or award, held directly.
On November 26, 2024, he disposed of 1,000,000 QIND shares in a transaction coded as an open-market or private sale. A related agreement shows these shares were transferred to Fusion Fuel Green PLC under a Stock Purchase Agreement, in exchange for 46,314 Series A Convertible Preferred Shares of Fusion Fuel. Each Series A share is automatically convertible, once certain shareholder and Nasdaq listing conditions are met, into ten Fusion Fuel Class A Ordinary Shares. Based on Nasdaq’s last reported price of $4.64 per Fusion Fuel Class A Ordinary Share on November 25, 2024, the QIND shares were effectively valued at about $2.15 per share on an as-converted basis.
Quality Industrial Corp. executive Safir Sanjeeb, who serves as COO and Managing Director Middle East, filed an initial Form 3 reporting his beneficial ownership status. The filing shows no transactions, no derivative positions, and no reported share purchases or sales at this time.
Quality Industrial Corp. filed an amended 8-K to replace an erroneous prior earnings release and provide a corrected FY 2025 shareholder letter and results. Revenue rose 45.9% to $16.3 million from $11.2 million, with gross profit up to $4.8 million but gross margin declining from 35.5% to 29.4% as operating expenses increased 60.7% to $5.2 million.
The company swung from GAAP net income of $0.3 million to a GAAP net loss of $4.6 million, largely reflecting turnaround-related items and legacy write-offs. Non-GAAP adjusted net income improved from a loss of $0.2 million to a profit of $0.6 million. Management highlights governance changes, settlement of about $2.0 million of legacy employee and officer obligations, reduction of accounts payable by 45% to $1.2 million, lower convertible notes, and approximately $4.4 million of capital support from parent Fusion Fuel. For 2026, QIND is targeting $20 million of revenue, emphasizing growth at Al Shola Gas and continued debt servicing.
Quality Industrial Corp. reported fiscal 2025 revenue of $16,307,787, up 45.9% from $11,177,567, reflecting strong growth at its Al Shola Gas subsidiary. Gross profit rose to $4,788,780, but gross margin declined to 29.4% from 35.5% as operating expenses increased 60.7% to $5,245,558.
The company posted a reported net loss of $4,603,645 versus prior-year net income of $266,780. After non-recurring turnaround and legacy items, adjusted net income was $566,853, up 452% from $160,774. QIND reduced convertible note principal and accounts payable while using capital from Fusion Fuel to clean up legacy liabilities and fund Al Shola Gas growth.
Al Shola Gas secured approximately $7 million in new engineering contracts and about $2 million in annual recurring fuel distribution contracts and expanded into the northern emirates. Management highlights ongoing risks from regional conflict, remaining convertible debt, potential future dilution, and the need for additional financing, even as core turnaround actions are largely completed.
Quality Industrial Corp. files its annual report outlining a transformation into an LPG-focused industrial energy company through its 51% stake in Dubai-based Al Shola Gas, acquired for a total purchase price of $10,000,000. The business designs, installs and operates LPG systems and distributes more than 20,000 LPG cylinders and over 500,000 liters of bulk LPG each month across the UAE, generating both project and recurring utility revenue.
The report highlights substantial financial strain: as of December 31, 2025, eight convertible promissory notes totaling $2,561,240 including interest and penalties remained unpaid and in default, exposing the company to acceleration, high default rates, discounted share conversions and secured enforcement. Goodwill represents 50.6% of total assets, creating sensitivity to impairment.
Control of QIND shifted to Fusion Fuel Green PLC in late 2024 via a share sale of 78,312,334 common shares and 20,000 Series B preferred shares in exchange for 109,114 Class A ordinary shares and 4,171,327 Series A preferred shares of Fusion Fuel. As of June 30, 2025, the market value of non-affiliate common stock was approximately $1,283,522, with 193,266,631 common shares outstanding as of March 31, 2026. Extensive risk disclosures cite dependence on Fusion Fuel funding, heavy leverage, exposure to Middle East geopolitical conflict — including severe disruption from the 2026 Iran conflict and Strait of Hormuz closure — climate and regulatory pressures, and competition in regional LPG markets.
Quality Industrial Corp. director and Chairman Frederico Figueira de Chaves filed an initial ownership report on Form 3. This filing establishes his status as an officer and director of QIND but does not report any share purchases, sales, or other transactions.
Quality Industrial Corp. reported an insider ownership change as Fusion Fuel Green PLC, a more than 10% holder, converted preferred stock into common shares. On February 23, 2026, Fusion Fuel Green converted 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 shares of common stock for no cash consideration. Following the conversion, Fusion Fuel Green held 100,312,334 shares of Quality Industrial common stock directly. The preferred shares were convertible at the holder’s option, subject to a 9.99% beneficial ownership limitation and other conversion restrictions as described in the footnote.
Fusion Fuel Green PLC filed an amended ownership report showing it now beneficially owns 100,312,334 shares of Quality Industrial Corp. common stock, representing about 51.9% of the outstanding shares as of March 23, 2026. This reflects a February 23, 2026 conversion of 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 common shares for no cash consideration, under the existing certificate of designation. Fusion Fuel has sole voting and dispositive power over all shares reported and indicates no other transactions in the issuer’s stock during the prior 60 days.
Quality Industrial Corp. has approved an amendment to its Articles of Incorporation to increase authorized common shares from 200,000,000 to 450,000,000. This change was approved on January 20, 2026, by the board and stockholders holding approximately 53.5% of the company’s voting power through written consent.
The company had 179,110,820 shares of common stock outstanding as of the record date and 8,500 shares of Class B preferred stock outstanding, which vote and convert on a 1,000-to-1 basis. The board states the additional authorization is intended to cover existing obligations to issue common stock under outstanding convertible securities and to support general corporate purposes, including potential capital raising, acquisitions, and equity compensation.
The filing highlights risks such as possible dilution of existing stockholders’ ownership and potential downward pressure on the trading price if additional shares are issued. No appraisal or dissenters’ rights are available under Nevada law, and no further stockholder vote will be held because the written consents already met the required voting threshold.
Quality Industrial Corp. obtained written consent on January 20, 2026 from its board and stockholders holding approximately 53.5% of voting power to amend its Articles of Incorporation. The amendment increases authorized common shares from 200,000,000 to 450,000,000 while keeping preferred share authorization at 1,000,000.
As of the record date, the company had 179,110,820 common shares outstanding and 8,500 Class B preferred shares outstanding, each with voting and conversion rights equivalent to 1,000 common shares. The board states that the higher authorization is intended to satisfy obligations under outstanding convertible securities and support general corporate purposes such as capital raising, acquisitions, and equity compensation.
The company highlights risks that additional issuances could dilute existing ownership and potentially pressure the trading price of the common stock, but concludes that the flexibility and ability to meet conversion obligations outweigh these concerns. No stockholder vote or meeting will be held, no appraisal rights are available, and the increase becomes effective no earlier than 20 calendar days after mailing this information statement.