Core Viewpoint - BluMetric Environmental Inc. reported a strong financial performance for the fiscal quarter ended December 31, 2025, with a significant revenue increase driven by strategic acquisitions and market growth in Military and Mining sectors [3][4]. Financial Highlights - Revenue for the quarter was $20.3 million, a 45% increase from $14.0 million in the same period of 2024 [12]. - Gross profit was $5.7 million, with a gross margin of 28%, down from 33% in the previous year [9][12]. - The company reported a net loss of $67 thousand compared to a net income of $378 thousand in the same quarter of the previous year [12]. - Adjusted EBITDA for the quarter was $0.9 million, down from $1.3 million in the same quarter of the previous year [12]. Business Highlights and Outlook - The acquisition of DS Consultants contributed $1.5 million in revenue, with expectations for full integration and contribution in fiscal Q2 2026 [5]. - Military market revenues surged by 225% due to the Rheinmetall contract, with full delivery expected in fiscal Q3 2026 [6]. - Mining revenues increased by 72% as favorable economic conditions boost industry activity [6]. - The company aims to leverage ongoing trends such as water scarcity, rising military spending, and a new mining cycle to drive growth and profitability [7][8]. Strategic Initiatives - The company is focused on integrating its unique water technologies and expanding its market presence to meet growing demand for decentralized water solutions [8]. - BluMetric plans to support the progressive annual EBITDA targets of $4.0 million, $5.0 million, and $6.0 million over the next three years following the acquisition of DS Consultants [5]. Working Capital and Cash Position - Working capital as of December 31, 2025, was $10.7 million, an increase from $9.3 million a year earlier [12]. - Net cash as of December 31, 2025, was $1.8 million, down from $3.7 million at the same time in 2024 [12]. Future Plans - The company will host an investor conference call to discuss the results and future strategies [15]. - An amended stock option plan has been approved, increasing the maximum number of shares for stock options from 5.5 million to 7.5 million, subject to shareholder approval [17].

Core Insights - BluMetric Environmental Inc. experienced a transformative fiscal year 2025, achieving approximately 80% revenue growth year-over-year, with significant contributions from Gemini Water and Military WaterTech products [3][6][9] Financial Highlights - Total revenue for fiscal year 2025 was $62.6 million, compared to $34.8 million in fiscal year 2024, marking a substantial increase [6][13] - Fourth quarter revenue reached $18.0 million, up from $11.1 million in the same quarter of 2024 [6][13] - Gross margin for fiscal year 2025 decreased to 29% from 40% in fiscal year 2024, and for the fourth quarter, it was 23% compared to 34% in the prior year [6][13] - Adjusted EBITDA for fiscal year 2025 was $2.4 million, an increase from $2.0 million in the previous year, while fourth quarter adjusted EBITDA decreased to $0.2 million from $0.5 million [6][13] - The company recorded a net loss of $2.3 million for fiscal year 2025, compared to net earnings of $0.1 million in fiscal year 2024 [6][13] Business Highlights - Significant revenue growth of 62% year-over-year in the fourth quarter was primarily driven by the production of Rheinmetall Mission Ready Water systems and the full consolidation of Gemini Water [4][6] - The Military market revenues increased by 38% due to refurbishment projects for the Canadian Department of National Defence [8] - The Commercial & Industrial revenue surged by 233% year-over-year, largely attributed to the acquisition and organic growth of Gemini Water [6][7] Business Outlook - The company aims to achieve $100 million in annual revenues, focusing on profitable expansion through scale and operating leverage [9][10] - Fiscal 2026 will involve leveraging expanded manufacturing facilities and establishing a higher base of recurring revenue through operations and maintenance contracts [10][11] - The integration of DS Consultants is expected to enhance the Professional Services division and contribute to growth targets over the next three years [11][12]