Cleantek Industries Inc. Reports Strong Third Quarter 2025 Results

Core Insights - Cleantek Industries Inc. reported strong financial results for Q3 2025, highlighting resilience in a challenging North American market and effective execution of its business model [2][5]. Financial Performance - Revenue for Q3 2025 increased by 18% to CAD 3,282 thousand from CAD 2,779 thousand in Q3 2024, driven by market share gains in equipment rentals and international sales [5]. - Gross profit rose by 9% to CAD 1,889 thousand, representing 58% of revenue, compared to 62% in Q3 2024, with the decrease in gross margin attributed to changes in revenue mix and higher transportation costs [5]. - EBITDA surged by 105% to CAD 1,135 thousand from CAD 553 thousand in Q3 2024 [5]. - Adjusted EBITDA decreased by 2% to CAD 985 thousand, primarily due to adjustments related to asset disposals and unrealized foreign exchange impacts [5]. - Net income improved to CAD 352 thousand in Q3 2025, a significant increase from a net loss of CAD 211 thousand in Q3 2024, driven by higher revenue [5]. Operational Strategy - Looking ahead to Q4, Cleantek aims to pursue market share gains, international expansion, increased utilization, and iterative product development [3]. - The company emphasizes a lean cost structure and innovative products as a foundation for scalable growth in a rapidly evolving industry [3]. Company Overview - Cleantek is focused on providing patented clean technology solutions for wastewater management and industrial lighting, catering to a diverse client base, including major exploration and production companies across North America [7]. - The company is well-positioned to meet the rising demand for water treatment and sustainable lighting solutions, driven by its commitment to sustainability, safety, and operational excellence [7].