Thermal Energy FY26 net income more than doubled to CAD 1.34 million; revenue rises 12.7% to CAD 33.6 million

Bitget2026/09/22 11:04

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Thermal Energy posted fiscal 2026 net income of CAD 1.34 million, more than doubled from CAD 158,000 a year earlier.
Revenue rose 12.7% to a record CAD 33.55 million, while order intake climbed 37.6% to a record CAD 29.97 million.
Q4 net income was CAD 221,000, little changed from CAD 224,000 a year earlier, while revenue increased 3.9% to CAD 7.09 million.
Order backlog was CAD 11.84 million at May 31, 2026, then increased to CAD 18.9 million by Sept. 21, 2026.
CEO William Crossland cited record turnkey projects revenue and strong growth in GEM sales, while noting CAD 328,000 of bank debt repaid and 3,600,000 shares repurchased.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Thermal Energy International Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609220701NEWSFILECNPR____20260922_315367_1) on September 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Thermal Energy FY26 net income more than doubled to CAD 1.34 million; revenue rises 12.7% to CAD 33.6 million

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