Ottawa, Ontario--(Newsfile Corp. - January 27, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the second quarter ended November 30, 2025. All figures are in Canadian dollars.Q2 2026 Highlights: (Compared to Q2 2025)Revenue increased more than 18% to a record $10.2 million Adjusted EBITDA ...

Core Insights - Thermal Energy International Inc. has secured a CAD 3.2 million turnkey heat recovery order from a leading multinational frozen food company, indicating strong demand for its energy efficiency solutions [1][2] - The company previously completed a $1 million project with the same customer, showcasing a successful partnership and the effectiveness of its technology [2] - The revenue from this new order is expected to be recognized within twelve months, reflecting a positive outlook for the company's financial performance [3] Company Overview - Thermal Energy specializes in energy efficiency and carbon emission reduction solutions, primarily serving Fortune 500 and large multinational companies [4] - The company’s proprietary technologies can recover up to 80% of energy lost in typical boiler plant and steam system operations, providing significant financial and environmental benefits [4][5] - The food and beverage sector remains the largest source of business for Thermal Energy, with manufacturers committed to reducing carbon emissions [2] Market Potential - The customer has over 40 manufacturing sites globally, presenting substantial growth opportunities for Thermal Energy as the customer aims to meet aggressive greenhouse gas emission reduction targets [2] - The food and beverage industry is increasingly focused on sustainability, which aligns with Thermal Energy's offerings of high-impact sustainability solutions [2]

Core Insights - Thermal Energy International Inc. has secured orders for two turnkey heat recovery projects totaling CAD 1.5 million from a global nutrition company, marking the seventh and eighth projects with this client [1][2] - Since 2019, the company has conducted approximately CAD 13.6 million in business with this multinational customer, which includes various smaller orders across 27 sites in nine countries [2] - The two new projects are expected to be completed within 12 months, with gross margins anticipated to align with historical figures for similar projects [2] Company Overview - Thermal Energy specializes in energy efficiency and carbon emission reduction solutions for large corporations, claiming to recover up to 80% of energy lost in typical boiler plant operations [5][6] - The company operates as a fully accredited professional engineering firm with offices in Canada, the USA, and the UK, providing tailored solutions that deliver significant financial and environmental benefits [6] Market Potential - There is significant growth potential with the existing customer, as there are opportunities for further energy efficiency and carbon reduction initiatives at partially penetrated locations and other sites globally [2]