Record Fiscal Year Revenue
Thermal Energy International achieved record fiscal year revenue of $29.8 million, representing a significant increase of 41.2% over the last two years.
Improved Margins
Despite a decrease in quarterly revenue, the gross margin improved to 53.9% and adjusted EBITDA margin improved to 5.8% in Q4.
Debt Repayment
The company significantly paid down its bank debt by $2 million in fiscal 2025, including $1.1 million in the fourth quarter, leaving only $329,000 remaining to be repaid by January 2026.
Record Order Intake Post Year-End
A strong rebound in orders post year-end, with order intake of $11.4 million between June 1 and September 22, leading to a record backlog of $24.3 million as of September 22.
Strategic Initiatives for Growth
Several strategic initiatives outlined to drive growth, including developing indirect sales channels, promoting standardized equipment packages, establishing European manufacturing, and leveraging the CREST tool.