Thermal Energy Stock Price, News & Analysis

Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) has secured its largest engineering services contract to date, valued at $500,000 CAD, from one of the world's largest multinational pharmaceutical companies. The contract involves providing detailed engineering services for a potential heat recovery project.

This marks the second major pharmaceutical company to engage Thermal Energy for heat recovery projects, following previous orders for three major heat recovery projects from a different pharmaceutical company. The engineering scope is more extensive than typical project development agreements (PDAs), and follows a PDA signed with this client approximately a year ago.

The customer's approach involves approving the project in stages, with firm pricing to be provided after detailed engineering completion. This pharmaceutical client is aligned with the UN's Race to Zero campaign, aiming to halve global emissions by 2030.

Thermal Energy International reported record revenue of $8.7 million in Q2 2025, representing a 22% increase compared to Q2 2024. The company's turn-key heat recovery business drove this growth, marking the second consecutive quarter of all-time high quarterly revenue.

Despite revenue growth, profitability decreased due to product mix changes and increased investments in business growth. EBITDA was $0.3 million with net income of $28 thousand. The company's cash position stood at $2.8 million with working capital of $3.7 million at quarter end.

Order intake for Q2 was $7.3 million, with the order backlog reaching $12.9 million as of November 30, 2024, and increasing to $17.9 million by January 27, 2025. The company has invested in growth initiatives including a new UK production facility, 18 new staff, a new ERP system, and the CREST mobile project identification app, adding approximately $2.3 million to annual costs.

Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF), a provider of energy efficiency and carbon emission reduction solutions, has announced it will release its fiscal 2025 second quarter financial results before market open on January 28, 2025. Management will host an earnings conference call and webcast at 8:30 a.m. ET the same day.

The company will provide a live webcast with slide presentation via Microsoft Teams, accessible at https://bit.ly/TMG2025Q2. A dial-in option will also be available for those unable to join via MS Teams, with the Canadian number being +1 437-703-4481. The financial statements and management's discussion will be filed on SEDAR+ and available on the company's website following the release.

Thermal Energy International (TSXV: TMG, OTCQB: TMGEF) has secured a $2.8 million heat recovery and heat pump project from a leading multinational pharmaceutical company. This marks their third heat recovery project with the customer in the past 15 months under a global master services agreement.

The turn-key project combines HeatSponge® indirect contact, FLU-ACE® direct contact heat recovery system, and an integrated heat pump. The implementation is expected to achieve 93% boiler efficiency and reduce CO2 emissions by 728 tons annually, representing an 11% reduction in site emissions. The project is scheduled for completion within 12 months.

Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) has granted 1,392,000 stock options to its officers and directors as part of a remuneration and incentive program. The options, granted on November 30, 2024, have a 5-year term and are exercisable at $0.20. The vesting schedule distributes one-third of the options annually over three years from the grant date. The stock option grants remain subject to necessary regulatory approvals.

Thermal Energy International's subsidiary, Boilerroom Equipment Inc. (BEI), has secured three orders totaling over $1 million CAD in the past three weeks. The orders include BEI's second-largest purchase order ever from a major multinational beverage company for three two-stage boiler economizers, nine single-stage economizers for a Colombian animal feedlot operation, and two boiler economizers for the Canadian government. All orders are expected to be fulfilled within 12 months, demonstrating continued demand for BEI's energy efficiency solutions.

Thermal Energy International (TSXV:TMG)(OTCQB:TMGEF), a provider of energy efficiency and carbon emission reduction solutions, announces its participation in the Virtual Investor Summit on November 21, 2024. The company will deliver a presentation from 12:30pm to 1:00pm ET and offer one-on-one meetings throughout the day.

The event focuses on 40 micro-cap companies with catalysts and strong market performance. Key investment highlights include proprietary solutions with high ROI, significant repeat business from Fortune 500 companies, and a track record of profitable growth.

Thermal Energy International reported record financial results for Q1 2025 (ended August 31, 2024). Revenue increased 63% year-over-year to $8.5 million, driven by strong turn-key heat recovery projects. The company achieved EBITDA of $0.6 million (up 33%) and net income of $0.3 million (up 91%). The order backlog stood at $13.5 million at quarter-end, rising to $18.4 million by October 28, 2024. Trailing twelve-month revenue reached a new high of $29.2 million, up 26% year-over-year, despite increased operating expenses from growth investments.

Thermal Energy International has secured a $1.5 million CAD heat recovery project order from a multinational confectionery company. The turn-key project involves installing a Flu-Ace® heat recovery system and replacing two OEM economizers with HeatSponge® economizers at a Canadian site. The implementation is expected to reduce the facility's natural gas consumption and CO2 emissions by 16%, contributing significantly to the customer's 2030 carbon reduction goals. The project is anticipated to be completed within 12 months.