Welcome to our dedicated page for Thermal Energy news (Ticker: TMGEF), a resource for investors and traders seeking the latest updates and insights on Thermal Energy stock.
Thermal Energy International Inc. (OTCQB: TMGEF) appears frequently in news coverage for its work on energy efficiency and emissions reduction projects with major industrial and commercial customers. Company announcements focus on turnkey heat recovery projects, custom-engineered equipment orders, and financial performance updates that reflect demand for its proprietary technologies.
Recent news releases describe multi-million-dollar turnkey heat recovery orders from multinational frozen food, building materials, and global nutrition companies, as well as repeat business across multiple sites and countries. The company also reports on technically demanding projects, such as custom HeatSponge heat recovery units engineered for a remote mining operation in the Arctic, where equipment must withstand high temperatures, pressure, and vibration.
Investors and industry observers following TMGEF news can expect updates on order intake, order backlog, and revenue trends, along with information on project awards, repeat business with large multinationals, and developments involving the company’s wholly owned subsidiary, Boilerroom Equipment Inc. News items also cover corporate actions such as stock option grants and leadership appointments, including executive roles that support expansion of sales channels and geographic reach.
This Stock Titan news page aggregates these company-issued releases so readers can track Thermal Energy International’s project pipeline, sector exposure in areas like food and beverage, building materials, pharmaceuticals, and mining, and its ongoing focus on energy efficiency and carbon emission reduction solutions for large organizations.
Thermal Energy (OTCQB: TMGEF) reported record Q2 revenue of $10.2M for the quarter ended Nov 30, 2025, up ~18% year‑over‑year, with gross profit of $4.0M and gross margin of 39%. Adjusted EBITDA rose 202% to $814K and net income increased to $618K. Cash was $2.0M and working capital $3.4M at quarter end; the company repaid $130K of its term loan and reported a negligible bank balance as of Jan 26, 2026. Order backlog rose 16% to $15.0M at quarter end and was $21.5M as of Jan 26, 2026. Management highlighted stronger HeatSponge sales and completed turnkey project deliveries as drivers of the quarter's results.
Thermal Energy International (TSXV: TMG / OTCQB: TMGEF) will release its fiscal 2026 second quarter results before market open on Tuesday, January 27, 2026. Management will host an earnings conference call and live webcast with slides at 8:30 a.m. ET, followed by a Q&A for qualified equity analysts.
Investors can join the webcast via Microsoft Teams at https://tinyurl.com/TMG2026Q2 (join ~15 minutes early). An audio dial-in is available for Canada at +1 437-703-4481 with conference ID 450 037 488#. Financial statements and MD&A will be filed on SEDAR+ and posted on the company investor site the same day.
Thermal Energy (OTCQB: TMGEF) appointed Vincent Sands as Executive Vice President, effective January 7, 2026. Mr. Sands will continue as President of wholly owned subsidiary Boilerroom Equipment Inc. and lead two go-to-market initiatives: (1) leveraging BEI's network of independent manufacturers' representatives across North America to create a new indirect sales channel for standardized equipment including GEM™ Trap products; and (2) expanding BEI's HeatSponge condensing heat recovery economizer technology into Europe. Mr. Sands joined the company in 2018, founded BEI, and holds a Professional Engineer registration and a degree in Marine Engineering and Naval Architecture.
Thermal Energy (OTCQB: TMGEF) announced a repeat turnkey order valued at approximately CAD $1.5 million from a multinational building materials customer on December 17, 2025. The project covers installation of four HeatSponge two-stage boiler economizers through its subsidiary Boilerroom Equipment Inc.
The order follows a prior CAD $1.0 million turnkey project with the same customer announced in July and is expected to generate revenue within 12 months. The company expects gross margin for the project to be in line with historical turnkey-project margins.
Thermal Energy (OTCQB: TMGEF) announced a $3.2 million CAD turnkey heat recovery order from a leading multinational frozen food company on December 15, 2025. This is the customer's second project after an earlier ~$1 million 2024 engagement that did not include turnkey installation. The revenue from the new order is expected to be earned within 12 months. The customer operates over 40 manufacturing sites worldwide and has aggressive greenhouse gas reduction targets, highlighting potential additional opportunities. Thermal Energy emphasizes its proprietary heat-recovery technologies and continued focus on the food and beverage sector as its largest source of business.
Thermal Energy International (TSXV: TMG / OTCQB: TMGEF) announced a grant of 3,334,000 stock options to officers and directors on November 30, 2025.
The options have a 5-year term, an exercise price of $0.125 and are subject to regulatory approval. Vesting is split: 1,334,000 options vest in three equal annual instalments over the first three anniversaries, and 2,000,000 options vest in four equal annual instalments over the first four anniversaries.
The grants are part of the company’s remuneration and incentive program; readers are encouraged to subscribe to company news for updates.
Thermal Energy (OTCQB: TMGEF) received a $1.6 million order to supply eight custom HeatSponge heat recovery units to a remote Arctic mining operation, following an earlier summer order of two units for approximately $400,000, bringing total related orders to about $2.0 million. All figures are in CAD and revenue is expected to be earned within 12 months.
The units are modular, match-marked for standard cargo aircraft, engineered for reciprocating engine environments and extreme cold, and designed for rapid on-site reassembly to meet tight logistical and generator-availability windows. The company expects gross margin in line with historical project margins.
Thermal Energy (OTCQB: TMGEF) received repeat orders totaling CAD $1.5 million for two turnkey heat recovery projects from a global nutrition company, marking the seventh and eighth turnkey projects for that customer.
The projects are for a single U.S. site, are expected to be completed and recognized as revenue within 12 months, and the company expects gross margins to be in line with historical turnkey project margins. Thermal Energy reports it has done approximately CAD $13.6 million of business with this customer since 2019 across 27 sites in nine countries.
Thermal Energy (OTCQB: TMGEF) reported Q1 fiscal 2026 results for the quarter ended Aug. 31, 2025, with a mix of record order activity and lower quarter revenue.
Key figures: order intake +323% to $11.9M, order backlog +37% to $18.5M (reaching $20.8M by Oct 27, 2025), revenue -19% to $6.85M, adjusted EBITDA $350k, net income $166k, cash $4.29M. The company repaid $130k in long‑term debt in the quarter and has a remaining balance of $200k scheduled to be repaid by Jan 2026.
Thermal Energy International (OTCQB: TMGEF) will release its fiscal 2026 first quarter financial results prior to market open on October 28, 2025. Management will host an earnings conference call and webcast the same day at 8:30 a.m. ET with a Q&A for qualified equity analysts following prepared remarks.
A live webcast with slides will be available via Microsoft Teams at https://tinyurl.com/ybk2yynx. Audio dial-in and conference ID are provided for phone access. Financial statements and MD&A will be filed on SEDAR+ and posted on the company investor site the same day.
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