Thermal Energy International Inc. reports corporate news tied to its energy efficiency and carbon emission reduction solutions for major corporations. The company’s updates center on heat recovery projects, GEM™ activity, HeatSponge boiler economizers, and turnkey work delivered through its wholly owned subsidiary, Boilerroom Equipment Inc.
Recurring developments include quarterly operating and financial results, order backlog, cash and working-capital disclosures, repeat customer orders, investor presentations, and management or governance changes. Company announcements also describe how its proprietary systems address fuel use and emissions in boiler plant and steam system operations.
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.
Thermal Energy International (OTCQB: TMGEF), a global provider of energy efficiency solutions, reported its fiscal 2025 results with record annual revenue of $29.8 million, up 15% year-over-year. Despite Q4 revenue declining 9.3% to $6.8 million, the company achieved improved gross margins of 53.9% for the quarter.
The company's Q4 net income decreased 22.9% to $224,000, while Adjusted EBITDA fell 6% to $397,000. Notably, Thermal Energy significantly reduced its debt by repaying $1.1 million in Q4, leaving only $329,000 to be repaid by January 2026.
Most significantly, the company reported record Q1 FY2026 order intake of $11.3 million - four times higher than the previous year's Q1. The current order backlog stands at $24.3 million as of September 22, 2025, the highest ever reported.
Thermal Energy International (OTCQB: TMGEF) has scheduled the release of its fiscal 2025 fourth quarter and year-end financial results for September 23, 2025, before market open. The company will host an earnings conference call and webcast at 8:30 a.m. ET the same day.
The earnings call will feature a slide presentation and will be accessible via Microsoft Teams, with a dial-in option available for those unable to join the webcast. Following management's prepared remarks, qualified equity analysts will have the opportunity to participate in a Q&A session.
Thermal Energy International (OTCQB: TMGEF), a global provider of energy efficiency and carbon emission reduction solutions, has announced its participation in two upcoming investor conferences. The company will present at the Smallcap Discoveries Conference in Vancouver on September 29, 2025 at 11 AM PT, and the Planet MicroCap Showcase in Toronto on October 22, 2025 at 10 AM ET.
Management will be available for one-on-one meetings with investors at both conference venues. Interested investors can register for the events through the provided links.
Thermal Energy International (OTCQB: TMGEF) has secured a significant $1 million turnkey heat recovery order from a leading multinational building materials company. The project involves installing three HeatSponge multi-pass two-stage boiler economizers at one of the customer's U.S. facilities.
The project, stemming from a March 2024 Project Development Agreement, aims to enhance thermal efficiency of the site's three largest boilers. Once completed, it is expected to deliver annual natural gas savings of 41,545 mmBTU and reduce greenhouse gas emissions by 2,202 metric tons CO₂ annually, representing a 10% reduction in the site's total CO₂ emissions.
The revenue is anticipated to be earned within 12 months, with gross margins aligning with historical turnkey project levels. The company sees potential for additional opportunities across six other U.S. manufacturing sites and several international facilities.
Thermal Energy International (OTCQB: TMGEF) has secured a $1.4 million CAD turnkey heat recovery project with a European malted barley producer. The project aims to reduce hot water usage, fuel consumption, and emissions at the customer's European facility.
The project, expected to be completed within 12 months, will deliver significant environmental benefits including a one tonne reduction in annual NOx emissions, and a 50% to 90% reduction in particulate matter and acid gases (SO2). The company has previously executed successful energy-saving projects with four of the top five breweries globally.
Thermal Energy International (OTCQB: TMGEF) has secured an additional $4.1 million contract from a leading multinational pharmaceutical company for a turn-key heat recovery project implementation at a U.S. manufacturing facility. This latest order brings the total project value to $5.6 million CAD.
The project represents a significant milestone in the companies' strategic partnership, following a series of agreements including a Master Services Agreement in December 2024, a $500,000 engineering contract, and a $1 million custom equipment order. Once operational, the system will reduce natural gas consumption and CO₂ emissions by 12.5%, eliminating up to 2,038 metric tons of CO₂ emissions annually. Revenue from this order is expected within twelve months.