The earnings call highlighted a record year-to-date revenue and strong financial positioning with significant debt reduction and a robust business development pipeline. However, the quarter faced challenges with a decline in quarterly revenue, negative EBITDA, and a net income loss. Despite these challenges, future investments and strong pipeline indicate potential growth.

Company Guidance -

Q4 2025

In the earnings call for the third quarter of fiscal year 2025, Thermal Energy International reported a decrease in quarterly revenue to $5.8 million, down 4.1% from the previous year, primarily due to lower contributions from heat recovery projects. However, year-to-date revenue was at an all-time high, 25% ahead of the previous year, with trailing 12-month revenue reaching $30.5 million—up 76% over the past two years. The company's EBITDA for the quarter was negative $130,000, but they remained EBITDA positive on a trailing 12-month basis at approximately $1.1 million. Net income for the quarter was a loss of $400,000, yet they remained profitable on a trailing 12-month basis with a net income of $230,000. The balance sheet showed cash and cash equivalents of $5.1 million and working capital of $2.4 million, alongside a reduced long-term debt of $1.4 million. Order intake for the year-to-date was $17 million, with a backlog standing at $17.1 million. Despite a temporary lull, the company's business development pipeline remains strong, and significant investments made in the past two years are expected to drive profitable growth in fiscal 2026.

Record Year-to-Date Revenue

Revenue for the year-to-date period was at an all-time high, 25% ahead of last year.

Trailing 12-Month Revenue Growth

Trailing 12-month revenue was $30.5 million, up 76% over the past two years.

Strong Balance Sheet

At the end of February, cash and cash equivalents were $5.1 million, with working capital at $2.4 million.

Debt Reduction

Long-term debt reduced to $1.4 million, down by approximately $2.1 million over the last two years through internally generated cash flow.

Strong Business Development Pipeline

The business development pipeline remains strong with many repeat and new opportunities.

Largest Engineering Contract Signed

A $500,000 engineering contract was signed with a leading multinational pharmaceutical company, marking the largest engineering contract ever.

Successful Repeat Business

A $1 million heat recovery expansion project was announced, continuing a successful partnership with a leading food and beverage company.

Thermal Energy International (TSE:TMG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TMG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 24, 2025	2025 (Q4)	- / -	0.002	―	―	―
Apr 29, 2025	2025 (Q3)	- / >-0.01	0	―	―	―
Jan 28, 2025	2025 (Q2)	- / <0.01	0	―	―	―
Oct 30, 2024	2025 (Q1)	- / -	0.001	―	―	―
Sep 19, 2024	2024 (Q4)	- / <0.01	0.001	100.00% (<+0.01)	―	―
Apr 25, 2024	2024 (Q3)	0.00 / 0.00	0.003	―	―	―
Jan 25, 2024	2024 (Q2)	- / 0.00	-0.002	―	―	―
Oct 25, 2023	2024 (Q1)	- / -	-0.003	―	―	―
Sep 27, 2023	2023 (Q4)	- / <0.01	-0.003	133.33% (<+0.01)	―	―
Apr 25, 2023	2023 (Q3)	- / <0.01	-0.006	150.00% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:TMG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2025	C$0.12	C$0.11	-8.33%
Jan 28, 2025	C$0.24	C$0.16	-33.33%
Oct 30, 2024	C$0.22	C$0.21	-4.55%
Sep 19, 2024	C$0.26	C$0.22	-15.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Thermal Energy International Inc (TSE:TMG) report earnings?

Thermal Energy International Inc (TSE:TMG) is schdueled to report earning on Sep 24, 2025, TBA (Confirmed).

What is Thermal Energy International Inc (TSE:TMG) earnings time?

Thermal Energy International Inc (TSE:TMG) earnings time is at Sep 24, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:TMG EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing