BioRem (BRM) Planet MicroCap Showcase: Toronto 2026 summary

Strategy and positioning

• Vision centers on designing, distributing and servicing air-emission abatement technologies, shifting from lumpy project construction toward recurring service revenue.

• Offerings now span biological, physical and chemical technologies, engineering, after-sales service and support; soil applications ended in the late 1990s.

• Core exposure is critical infrastructure, including wastewater and solid-waste facilities, alongside petrochemical, food and beverage, chemical and semiconductor markets.

• Complex projects in dense urban areas and jurisdictions with strict, enforced emissions rules are described as highly profitable areas of operation.

Performance and pipeline

• 2026 was described as a strong year, with momentum expected to continue through 2027; top- and bottom-line growth is outpacing market growth.

• YTD bookings approached CAD 50m, backlog exceeded CAD 70m and contract retention was 99%+; backlog conversion is a question of timing, per management.

• Unawarded bids exceeded CAD 100m; the historical North American win rate is 35%-52%, and ~half of the bid pool could be awarded over the next 12-18 months.

• The active sales funnel exceeded CAD 220m; newer products and services represented ~one-third of revenue and bidding activity.

• Revenue was ~CAD 25m at the 2025 MicroCap presentation and ~CAD 42m last year; EBITDA nearly doubled over the period. Targets include CAD 50m revenue/CAD 5m bottom line, with a stretch goal of CAD 100m/CAD 10m.

Market outlook

• North American annual spending on air-emission abatement was estimated at ~CAD 1bn, growing 5%-7%; the estimate includes markets not currently served.

• Technology applications were described as ~40% physical, 30% chemical and 30% biological; chemical use is declining while biological technologies are growing fastest.

• Five-year revenue growth was estimated at ~12%, nearly double market growth; EBITDA has grown faster than revenue through COVID, hyperinflation and tariff pressures.

• Migration, aging infrastructure and community demand for air and water quality support infrastructure investment; budgeting and bidding activity were near record levels.