Q4 2025 Thermal Energy International Inc Earnings Call Transcript
Key Points
- Thermal Energy International Inc (TMGEF) achieved record fiscal year revenue of $29.8 million.
- The company significantly improved its gross margin to 53.9% and adjusted EBITDA margin to 5.8% in Q4.
- Thermal Energy International Inc (TMGEF) significantly paid down its long-term debt, repaying $2 million in fiscal 2025.
- The company reported a strong rebound in order intake post-year-end, with a record Q1 order intake of $11.3 million for fiscal 2026.
- Thermal Energy International Inc (TMGEF) has identified strategic initiatives to drive sales growth, including developing indirect sales channels and expanding BEI manufacturing in Europe.
- Revenue for the fourth quarter of 2025 was down 9% year-over-year.
- Adjusted EBITDA for the year decreased to $1.05 million from $2 million the previous year.
- Net income was down for both the quarter and the year.
- Order intake of $21.8 million for fiscal 2025 was down from the prior year.
- Operating expenses increased due to growth in headcount, impacting profitability.
Good morning, everyone. I'm William Crossland, CEO of Thermal Energy International. Thank you for joining us today for our earnings call for the fourth quarter and fiscal year ended May 31, 2025.
Our news release, financial statements and MD&A are available on our website and have been filed on SEDAR. Following my prepared remarks, we'll have a question-and-answer session, at which time qualified equity analysts joining us on MS Teams will be able to ask questions. If you're joining us online, you should be able to see our slide presentation on your screen now.
Before we get started, I'll point out that today's earnings call may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are subject to risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed
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