Quality Industrial Corp.
- QIND · OTC
- Misc Industrial & Commercial Machinery & Equipment
- San Francisco, CA
- 125 employees
- CIK 0001393781
Updated from SEC filings through
Top things to know
Executives
- John-Paul Backwell Chief Executive Officer 10-K, 2026-03-31
- Carsten Kjems Falk Interim Chief Financial Officer 10-K, 2026-03-31
- Sanjeeb Safir COO and Mng Dir Middle East 4, 2026-04-10
- de Chaves Frederico Figueira Chairman 3, 2026-03-26
What leadership is saying
“2025 was a year of decisive action. We restructured the Board, settled legacy obligations, wrote off unrecoverable assets, reduced debt, and eliminated virtually all recurring management costs at the QIND level — while Al Shola Gas continued to grow revenue and expand into new markets. We are now past the most intensive phase of the turnaround and are focused on translating operational strength into long-term shareholder value”
Earnings press release (8-K Ex. 99.1), filed March 31, 2026
Quality Industrial Corp. is a U.S. public company in misc industrial & commercial machinery & equipment (SIC 3590), headquartered in San Francisco, CA. It trades as QIND on OTC. Revenue was $16.3M in the fiscal year ending December 31, 2025, +45.9% from the year before. It reported about 125 employees. John-Paul Backwell is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $16.3M 10-K, 2026-03-31 | $11.2M 10-K, 2026-03-31 | Not on file | Not on file | $65.6M 10-KT, 2023-08-21 |
| Operating income | -$457K 10-K, 2026-03-31 | $698K 10-K, 2026-03-31 | -$2.8M 10-K, 2025-04-28 | Not on file | -$422K 10-K, 2024-04-08 |
| SG&A | $4.9M 10-K, 2026-03-31 | $2.3M 10-K, 2026-03-31 | $2.5M 10-K, 2025-04-28 | $4.3M 10-Q, 2023-11-20 | $11.2M 10-K/A, 2023-05-08 |
| Net income | -$5.4M 10-K, 2026-03-31 | -$523K 10-K, 2026-03-31 | -$4.2M 10-K, 2025-04-28 | Not on file | -$103K 10-K, 2024-04-08 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| John-Paul Backwell | Chief Executive Officer | 10-K, 2026-03-31 |
| Carsten Kjems Falk | Interim Chief Financial Officer | 10-K, 2026-03-31 |
| Sanjeeb Safir | COO and Mng Dir Middle East | 4, 2026-04-10 |
| de Chaves Frederico Figueira | Chairman | 3, 2026-03-26 |
| Frederico Figueira de Chaves | Chairman of the Board | 10-K, 2026-03-31 |
What Quality Industrial Corp. does
Industrial Corp. (“QIND,” “the Company,” “we,” “us,” or “our”) is an industrial company specializing in the energy sector.C. (“ASG” or “Al Shola Gas”), we provide comprehensive solutions for the liquefied petroleum gas (“LPG”) industry. Our services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 193.3 million (as of August 13, 2026) | 10-Q, August 13, 2026 |
|---|---|---|
| Public float | $1.3M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Auditor | Bush & Associates CPA LLC (Las Vegas, Nevada) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 26, 2024 | Sanjeeb Safir COO and Mng Dir Middle East | Sale | 1,000,000 | Form 4, April 10, 2026 |
Recent 8-K events
- 8-K filed 2026-10-22
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-05
- Item 3.03 Material modification to rights of security holders
- 8-K filed 2026-09-25
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-09-15
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-07-15
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-04-23
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-31
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-10
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-09-04
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2024-11-19
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Quality Industrial Corp.
- What does Quality Industrial Corp. do?
- In its own words, from Item 1 of its 10-K: "Industrial Corp. (“QIND,” “the Company,” “we,” “us,” or “our”) is an industrial company specializing in the energy sector.C. (“ASG” or “Al Shola Gas”), we provide comprehensive solutions for the liquefied petroleum gas (“LPG”) industry. Our services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats."
- What is Quality Industrial Corp.'s revenue?
- $16.3M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is Quality Industrial Corp. profitable?
- Quality Industrial Corp. reported net income of -$5.4M for the fiscal year ending December 31, 2025.
- How many employees does Quality Industrial Corp. have?
- About 125, as stated in its annual report.
- Who is the CEO of Quality Industrial Corp.?
- John-Paul Backwell, Chief Executive Officer, as named in a 10-K filed March 31, 2026.
- Who is the CFO of Quality Industrial Corp.?
- Carsten Kjems Falk, Interim Chief Financial Officer, as named in a 10-K filed March 31, 2026.
- Where is Quality Industrial Corp. headquartered?
- San Francisco, CA.
- What is Quality Industrial Corp.'s stock ticker?
- QIND on OTC.
- What industry is Quality Industrial Corp. in?
- Misc Industrial & Commercial Machinery & Equipment, SIC code 3590.
- What is Quality Industrial Corp.'s website?
- qualityindustrialcorp.com. Investor relations: https://www.qualityindustrealcorp.com/investor-faqs.html.
- When does Quality Industrial Corp. report earnings next?
- November 13, 2026. Source: estimate_10q_cadence.
- Is Quality Industrial Corp. a public company?
- Yes. Quality Industrial Corp. files with the SEC under CIK 0001393781 and trades as QIND.
- Who audits Quality Industrial Corp.?
- Bush & Associates CPA LLC, Las Vegas, Nevada, as named in its latest annual report (10-K).
- How many shares of Quality Industrial Corp. are outstanding?
- 193.3 million shares as of August 13, 2026, from its 10-Q filed August 13, 2026.
- What is Quality Industrial Corp.'s public float?
- $1.3M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- Have Quality Industrial Corp. insiders traded stock recently?
- Since November 26, 2024, officers and directors reported 1 open-market sale and 0 purchases on Forms 4 and 5. The most recent: Sanjeeb Safir (COO and Mng Dir Middle East) sold 1,000,000 shares on November 26, 2024.