Blumetric Environmental (BLM) Planet MicroCap Showcase: Toronto 2026 summary

Business profile

• Integrated science, engineering and WaterTech platform combines decentralized water-treatment design and delivery with environmental, engineering and infrastructure advisory services.

• Scale includes ~335 employees, 16 offices, three manufacturing facilities, four labs, 10,000+ projects, 300+ systems and 74M+ USGPD capacity.

• Four end markets are military, mining, industrial/commercial and government; WaterTech and Advisory Services are targeting a 50/50 revenue mix.

Performance and acquisitions

• FY2025 revenue was $62.6M, up 80% YoY, with adjusted EBITDA of $2.4M; revenue CAGR was 27% from 2022–2026.

• Gemini Water grew from ~US$7M revenue at acquisition to US$20M within 10 months and doubled revenue in its first integration year.

• DS Consultants, acquired in December 2025, reported unaudited FY2025 revenue of ~$24M, 40% gross margin and $3.7M EBITDA; integration and staff and client-base growth were progressing.

• Balance sheet was described as having no long-term interest-bearing debt, cash on hand and access to a BMO facility.

Market position and recurring services

• Fixed and mobile decentralized systems serve military, municipal and commercial uses; deployments can reduce expenditures by 40%–45%.

• O&M agreements typically represent ~10% of project CapEx and can run 10–20 years; a first Caribbean O&M contract was secured in December 2025.

• Advisory client retention is ~90%, with assignment gross margins of 45%–60%; WaterTech gross margins are typically 25%–30%, with some reaching 35%–40%.

• Mission Ready Water systems can produce potable water within 45 minutes; NATO approval enables sales across NATO countries, with interest from the U.K. and Australia.