Enterprise Group Announces Results for Third Quarter 2025
Enterprise Group (OTCQB: ETOLF) reported Q3 2025 revenue of $9.21M, up 35% year‑over‑year, with gross margin of 42% and adjusted EBITDA of $3.11M (34% margin) for the quarter. For the nine months ended Sept 30, 2025, revenue was $26.02M (down 3% YoY), gross margin $10.65M and adjusted EBITDA $8.33M (decrease vs prior year).
The company completed a $20M acquisition of FlexEnergy Canada (renamed Evolution Power Solutions) and became the exclusive Canadian supplier, amended and refinanced lending with Bank of Montreal, monetized $5M of equity on a property, and generated $11.03M cash flow from operations for the nine months.
Enterprise Group (OTCQB: ETOLF) ha riportato ricavi nel Q3 2025 di $9.21M, in aumento del 35% rispetto all'anno precedente, con un margine lordo del 42% e un EBITDA rettificato di $3.11M (margine del 34%) per il trimestre. Per i nove mesi chiusi al 30 settembre 2025, i ricavi sono stati di $26.02M (in calo del 3% YoY), margine lordo $10.65M e EBITDA rettificato $8.33M (diminuzione rispetto all'anno precedente).
L'azienda ha completato un'acquisizione da $20M di FlexEnergy Canada (rinominata Evolution Power Solutions) diventando il fornitore esclusivo canadese, ha modificato e rifinanziato il prestito con Bank of Montreal, ha monetizzato $5M di capitale su una proprietà e ha generato un flusso di cassa operativo di $11.03M nei nove mesi.
Enterprise Group (OTCQB: ETOLF) informó ingresos del 3er trimestre de 2025 de $9.21M, un aumento del 35% interanual, con un margen bruto de 42% y EBITDA ajustado de $3.11M (margen del 34%) para el trimestre. Para los nueve meses terminados el 30 de septiembre de 2025, los ingresos fueron de $26.02M (bajaron un 3% interanual), margen bruto $10.65M y EBITDA ajustado $8.33M (disminución respecto al año anterior).
La compañía completó una adquisición de $20M de FlexEnergy Canada (renombrada Evolution Power Solutions) y se convirtió en el proveedor exclusivo en Canadá, enmendó y refinanció el préstamo con Bank of Montreal, monetizó $5M de capital en una propiedad y generó un flujo de efectivo operativo de $11.03M para los nueve meses.
Enterprise Group (OTCQB: ETOLF) 는 2025년 3분기에 $9.21M의 매출을 보고했으며 전년 동기 대비 35% 증가했고, 매출총이익률은 42%, 조정된 EBITDA는 분기당 $3.11M로 마진은 34%였으며 분기 매출이다. 2025년 9월 30일 종료된 9개월 동안 매출은 $26.02M로 전년 대비 3% 감소했고, 매출총이익은 $10.65M, 조정 EBITDA는 $8.33M로 전년 대비 감소했다.
회사는 FlexEnergy Canada를 $20M에 인수해 Evolution Power Solutions로 개명하고 캐나다 독점 공급업체가 되었으며, Bank of Montreal과 대출을 수정 및 재융자했고, 한 부동산에서 $5M의 자본을 현금화했으며, 9개월 동안 영업현금흐름은 $11.03M를 창출했다.
Enterprise Group (OTCQB: ETOLF) a enregistré un chiffre d'affaires au T3 2025 de 9,21 millions de dollars, en hausse de 35% sur un an, avec une marge brute de 42% et un EBITDA ajusté de 3,11 millions de dollars (marge de 34%) pour le trimestre. Pour les neuf premiers mois se terminant le 30 septembre 2025, le chiffre d'affaires s'élevait à 26,02 millions de dollars (en baisse de 3% sur un an), la marge brute était de 10,65 millions de dollars et l'EBITDA ajusté de 8,33 millions de dollars (diminution par rapport à l'année précédente).
La société a mené à bien une acquisition de 20 millions de dollars de FlexEnergy Canada (renommée Evolution Power Solutions) et est devenue le fournisseur exclusif au Canada, a modifié et refinancé son prêt avec la Banque de Montréal, a monétisé 5 millions de dollars de capitaux sur une propriété et a généré un flux de trésorerie opérationnel de 11,03 millions de dollars sur les neuf mois.
Enterprise Group (OTCQB: ETOLF) meldete im Q3 2025 einen Umsatz von 9,21 Mio. $, das um 35% gegenüber dem Vorjahr gestiegen ist, mit einer Bruttomarge von 42% und einem bereinigten EBITDA von 3,11 Mio. $ (Marge 34%) für das Quartal. Für die in neun Monaten bis zum 30. September 2025 erzielten Umsätze betrugen diese 26,02 Mio. $ (Rückgang um 3% gegenüber dem Vorjahr), Bruttogewinn 10,65 Mio. $ und bereinigtes EBITDA 8,33 Mio. $ (Rückgang gegenüber dem Vorjahr).
Das Unternehmen schloss eine Akquisition von 20 Mio. $ für FlexEnergy Canada (umbenannt zu Evolution Power Solutions) ab und wurde zum exklusiven kanadischen Lieferanten, änderte und refinanzierte die Kreditverträge mit der Bank of Montreal, brachte 5 Mio. $ Eigenkapital auf einer Immobilie zu monetarisieren und generierte in den neun Monaten einen operativen Cashflow von 11,03 Mio. $.
Enterprise Group (OTCQB: ETOLF) أعلنت عن إيرادات الربع الثالث من عام 2025 قدرها $9.21M, بارتفاع 35% سنويًا، مع هامش مجمل قدره 42% وEBITDA معدل قدره $3.11M (هامش 34%) للربع. وبالنسبة لثمانية أشهر حتى 30 سبتمبر 2025، بلغت الإيرادات $26.02M (انخفضت بنسبة 3% سنويًا)، هامش المجمل $10.65M وEBITDA معدل $8.33M (انخفاض مقارنة بالعام السابق). قامت الشركة بإتمام استحواذ بقيمة $20M على FlexEnergy Canada (التي أعيد تسميتها Evolution Power Solutions) وأصبحت المورد الحصري في كندا، وأجرت تعديلاً وإعادة تمويل للقرض مع بنك مونتريال، واستغلت $5M من رأس المال على عقار، وحققت تدفقًا نقديًا تشغيليًا قدره $11.03M خلال التسعة أشهر.
- Q3 revenue +35% to $9.21M
- Q3 adjusted EBITDA $3.11M (34% margin)
- $20M acquisition creates exclusive FlexEnergy supply in Canada
- Nine‑month operating cash flow $11.03M
- Nine‑month revenue down 3% to $26.02M
- Nine‑month adjusted EBITDA down $2.47M to $8.33M
- Gross margin decreased $2.08M YoY for nine months
- New BMO facility secured by first charge and subject to covenants
St. Albert, Alberta--(Newsfile Corp. - November 13, 2025) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients, is pleased to announce its Q3 2025 results.
| Three months Sept 30, 2025 | Three months Sept 30, 2024 | Nine months Sept 30, 2025 | Nine months Sept 30, 2024 | ||||||||||||||||||||||
| Revenue | $ | 9,210,402 | $ | 6,801,309 | $ | 26,024,402 | $ | 26,834,878 | |||||||||||||||||
| Gross margin | $ | 3,832,696 | $ | 2,521,317 | $ | 10,653,549 | $ | 12,735,996 | |||||||||||||||||
| Adjusted EBITDA(1) | $ | 3,114,522 | $ | 1,807,864 | $ | 8,329,803 | $ | 10,797,411 | |||||||||||||||||
| Net income (loss) and comprehensive income (loss) | $ | 819,592 | $ | (197,592 | ) | $ | 2,868,467 | $ | 3,870,346 | ||||||||||||||||
| Income per share - Basic | $ | 0.01 | $ | 0.00 | $ | 0.04 | $ | 0.07 | |||||||||||||||||
| Income per share - Diluted | $ | 0.01 | $ | 0.00 | $ | 0.03 | $ | 0.06 | |||||||||||||||||
| (1) Identified and defined under "Non-IFRS Measures". | |||||||||||||||||||||||||
Activity levels during the third quarter of 2025 significantly increased, after the Company experienced lower activity levels during the traditional quarter two spring breakup. Revenue for the three months ended September 30, 2025, was
$9,210,402 compared to$6,801,309 in the prior period, an increase of$2,409,093 or35% . Gross margin for the three months ended September 30, 2025, was$3,832,696 compared to$2,521,317 in the prior period, an increase of$1,311,379. Adjusted EBITDA for the three months ended September 30, 2025, was$3,114,522 compared to$1,807,864 in the prior period, an increase of$1,306,658. Revenue for the nine months ended September 30, 2025, was$26,024,402 compared to$26,834,878 in the prior period, a decrease of$810,476 or3% . Gross margin for the nine months ended September 30, 2025, was$10,653,549 compared to$12,735,996 in the prior period, a decrease of$2,082,447. Adjusted EBITDA for the nine months ended September 30, 2025, was$8,329,803 compared to$10,797,411 in the prior period, a decrease of$2,467,608. The integration of Evolution Power Solutions, Inc. continued throughout the third quarter and has resulted in several new power applications with customers, including a strategic partnership to deliver enhanced, bundled energy solutions for customers that do not have access to source natural gas. In the second quarter of 2025, Enterprise closed the transaction to acquire
100% of the shares of Flex Leasing Power and Service ULC ("FlexEnergy Canada") from Flex Leasing Power and Service LLC for a purchase price of$20 million . With this strategic transaction, Enterprise became the exclusive supplier for FlexEnergy turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries. Enterprise is now the exclusive provider to rent, sell and service FlexEnergy turbines in Canada. Post acquisition, the name of FlexEnergy Canada was changed to Evolution Power Solutions, Inc.During the quarter, the Company amended its lending facility with Bank of Montreal, in which it refinanced a mortgage and monetized
$5,000,000 of equity on its Fort St. John property. All other terms and conditions remained the same. In the second quarter, the Company finalized a new lending facility with The Bank of Montreal to be used for acquisitions, capital expenditures, and working capital. It replaced the company's previous lending facility and consolidated Enterprise's debt resulting in a lower overall interest rate and lower borrowing costs. The Company's previous facility was paid out on February 28, 2025, which included a negotiated settlement discount of$1,500,000. The new facility bears interest at a rate of up to prime +2% , is secured by a first charge on all company assets and is subject to certain financial covenants.For the nine months ended September 30, 2025, the company generated cash flow from operations of
$11,029,393 compared to$12,102,914 in the prior period. The Company continues to utilize a combination of cash flow, debt and equity to right-size and modernize its equipment fleet to meet customer demands. The Company continues to see its customers switching to natural gas as a cleaner and more efficient alternative to diesel, increasing the demand for natural gas generators and micro-grid packages.
About Enterprise Group, Inc.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.ca. For questions or additional information, please contact:
For questions or additional information, please contact:
Leonard Jaroszuk, CEO & Chairman, or
Desmond O'Kell, President & Director
780-418-4400
contact@enterprisegrp.ca
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedarplus.ca) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
Non-IFRS Measures
The Company uses International Financial Reporting Standards ("IFRS"). Adjusted EBITDA is not a measure that has any standardized meaning prescribed by IFRS and is therefore referred to as a non-IFRS measure. This news release contains references to adjusted EBITDA. This non-IFRS measure used by the Company may not be comparable to a similar measure used by other companies. Management believes that in addition to net income, adjusted EBITDA is a useful supplemental measure as it provides an indication of the results generated by the Company's principal business activities prior to consideration of how those activities are financed or how the results are taxed. Adjusted EBITDA is calculated as net income excluding depreciation, amortization, interest, taxes and stock based compensation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274269
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