)

Thermal Energy International (TMG) investor relations material
Thermal Energy International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record annual revenue of $29.8 million for fiscal 2025, with Q1 2026 order intake reaching a record $11.3 million, positioning for a strong second half of fiscal 2026.
Q4 gross margin improved to 53.9% and adjusted EBITDA margin to 5.8%.
Net income and adjusted EBITDA declined year-over-year, with net income for the year at $158 thousand.
Significant debt reduction, with only $329,000 remaining at year-end and $3.6 million repaid over three years.
Strategic initiatives underway to drive sales growth and margin improvement, including indirect sales channels and European expansion.
Financial highlights
Fiscal year revenue reached $29.8 million, up 41.2% over two years and 15% year-over-year.
Q4 revenue was $6.8 million, down 9.3% year-over-year.
Adjusted EBITDA for the year was $1.1 million, down from $2.0 million in the prior year.
Cash and working capital at year-end were $2.8 million and $2.4 million, respectively.
Order backlog as of September 22, 2025, reached a record $24.3 million.
Outlook and guidance
Revenues for fiscal 2026 expected to be weighted toward the second half due to timing of large projects.
Strategic focus on higher-margin standardized equipment, expanding sales channels, and European market entry.
Anticipates improved profitability and scalability from recent business reinvestments.
Most revenue from $7.5 million in previously announced orders expected in H2 2026.
Order intake for the 12 months ended May 31, 2025, was $21.8 million.
Next Thermal Energy International earnings date

Next Thermal Energy International earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage