Logotype for Thermal Energy International Inc

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.
Logotype for Thermal Energy International Inc
Q4 2025 earnings summary23 Sep, 2025

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.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Thermal Energy International earnings date

Logotype for Thermal Energy International Inc
Planet MicroCap Showcase: TORONTO 202522 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Thermal Energy International earnings date

Logotype for Thermal Energy International Inc
Planet MicroCap Showcase: TORONTO 202522 Oct, 2025

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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Thermal Energy International Inc. is a company specializing in energy efficiency solutions for industrial and institutional clients. The company focuses on reducing carbon emissions and energy consumption through innovative products and services. Key offerings include thermal energy recovery systems, heat recovery equipment, and steam efficiency solutions. Thermal Energy International serves various sectors, including food and beverage, healthcare, pharmaceuticals, and pulp and paper industries. The company is headquartered in Ottawa, Ontario, and its shares are listed on the TSX.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage