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Anaergia (ANRG) investor relations material

Anaergia Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary12 Nov, 2025

Executive summary

  • Achieved first positive adjusted EBITDA in over two years in Q3 2025, reflecting a successful shift to a capital-light business model and validating the Anaergia 2.0 transformation strategy.

  • Revenue increased 77% year-over-year to $51.4 million, driven by strong capital sales in Italy and North America.

  • Revenue backlog reached $287 million at quarter-end, nearly triple the start of the year and up from $244 million in Q2 2025, indicating robust customer demand and market momentum.

Financial highlights

  • Gross profit rose 146% year-over-year to $14.8 million, with gross margin expanding to 28.8% from 20.7%.

  • Adjusted EBITDA was $2.6 million, a $9 million improvement year-over-year, turning positive for the first time in over two years.

  • Net loss narrowed to $0.5 million from $15.6 million a year ago.

  • Income from operations reached $0.6 million, compared to a loss of $10.9 million in the prior year quarter.

  • SG&A expenses decreased 16% to $14 million, reflecting operational discipline.

Outlook and guidance

  • Management expects continued backlog growth and execution, supported by a robust and expanding project pipeline and favorable regulatory and environmental trends.

  • SG&A is expected to grow only with inflation and necessary talent retention, not in proportion to revenue.

  • No significant seasonality expected; project cycles drive revenue recognition.

  • Margin expansion anticipated through repeat projects, economies of scale, and operational efficiency.

  • The company is strategically positioned to benefit from increasing global demand for sustainable energy solutions.

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Frequently asked questions

Anaergia Inc. specializes in the development of advanced waste-to-value technologies, offering comprehensive solutions for the conversion of organic waste into renewable resources. The company's mission focuses on accelerating the clean energy transition by transforming waste into renewable fuel, clean water, and fertilizer, aiming to become a global leader in renewable fuel production while significantly reducing carbon emissions and safeguarding the environment for future generations. Anaergia's proprietary technologies encompass waste separation, anaerobic digestion, and biogas upgrading, which are utilized in various projects worldwide to convert municipal solid waste, wastewater, agricultural, and food processing waste into valuable resources. Anaergia is headquartered in Burlington, Canada, and its shares are listed on the Toronto Stock Exchange.

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