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LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Earnings

TERRAVEST ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS FOR FISCAL 2025 AND A 14% DIVIDEND INCREASE

By The Northwire Desk — AI Analysis Dec 11, 2025 · 07:00 TVK · 128.37 TERRAVEST INDUSTRIES INC.
TVK · Price

Executive Summary

  • TerraVest reported Q4 sales of $419.4 M (up 82% YoY) and full‑year sales of $1.37 B (up 50% YoY), driven largely by recent acquisitions.
  • Net income rose to $21.3 M for Q4 and $98.4 M for the year, representing increases of 54% and 34% respectively versus FY2024.
  • The Board declared a quarterly dividend of $0.20 per share—a 14% increase over the prior quarter—payable on Jan. 9 2026.

Key Details

  • Financial Highlights – Q4 2025 vs. Q4 2024
  • Sales: $419,409 K vs. $230,654 K (+82%)
  • Net Income: $21,277 K vs. $13,825 K (+54%)
  • Adjusted EBITDA: $81,902 K vs. $47,547 K (+72%)

  • Cash Available for Distribution: $43,496 K vs. $26,265 K (+66%)

  • Financial Highlights – FY 2025 vs. FY 2024

  • Sales: $1,371,151 K vs. $911,816 K (+50%)
  • Net Income: $98,363 K vs. $73,244 K (+34%)
  • Adjusted EBITDA: $264,587 K vs. $189,599 K (+40%)

  • Cash Available for Distribution: $134,236 K vs. $104,361 K (+29%)

  • Acquisition Impact – Acquired Tankcon FRP Inc., Simplex Inc., L.B.T. Inc., EnTrans Holding Inc., Advance Engineered Products Ltd., Wave (Canadian assets), Aureus Energy Services Inc., and other assets during FY2025. Excluding these acquisitions, organic sales grew 7% YoY in Q4 and 1% YoY for the year.

  • Cost & Expense Trends

  • Administration expenses up 117% YoY in Q4 (driven by acquisition‑related costs).
  • Financing costs increased 201% YoY in Q4 due to higher debt from acquisitions and lease liabilities.

  • Maintenance capital expenditures decreased 2% YoY in Q4 to $6,875 K.

  • Dividend Declaration – Quarterly dividend of $0.20 per common share (eligible dividend), payable Jan. 9 2026 to shareholders of record Dec. 31 2025; a 14% increase over the prior quarter. Dividend payout ratio: 9% for Q4, 10% for FY.

  • Outlook – Management expects continued contribution from recent acquisitions and synergies, while noting tariff‑related demand uncertainty in North America. New credit facility (March 2025) positions the company to pursue further acquisitions.

Notable Quotes

“TerraVest's portfolio of businesses is performing well. Recent acquisitions have made a meaningful contribution and we expect this to continue throughout the next fiscal year.” – Dustin Haw, CEO

All non‑material boilerplate, forward‑looking statements, and disclaimer text have been omitted for brevity.

Read the original news release →

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TERRAVEST ANNOUNCES FIRST QUARTER RESULTS FOR FISCAL 2026 AND DIVIDEND DECLARATION

Earnings