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Earnings

Anaergia Reports Return to Positive Adjusted EBITDA and Significant Revenue Growth in Third Quarter 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 11, 2025 · 18:00 ANRG · 2.6 ANAERGIA INC.
ANRG · Price

Executive Summary

  • Q3 2025 revenue jumped 76.9% YoY to C$51.4 M, driven by higher capital‑sales execution in Italy and North America.
  • Gross profit rose 146.3% YoY to C$14.8 M; gross margin improved to 28.8% (up 8.1 pp).
  • Adjusted EBITDA turned positive at C$2.6 M, a $9.0 M (139.9%) swing from a loss in Q3 2024, marking the company’s return to profitability.

Key Details

  • Revenue: C$51.4 M in Q3 2025 vs. C$29.0 M in Q3 2024 (+76.9%).
  • Gross Profit: C$14.8 M (up from C$6.0 M YoY, +146.3%).
  • Gross Margin: 28.8% vs. 20.7% in prior year (+8.1 pp).
  • Adjusted EBITDA: C$2.6 M vs. a loss of C$(6.4) M in Q3 2024 (+139.9%).
  • Net Loss: C$(0.5) M vs. C$(15.6) M YoY (loss narrowed by 97.1%).
  • Revenue Backlog: End‑quarter balance of $287 M, up from $244 M Q2 2025 and $103 M at start‑of‑2025.
  • Nine‑Month Highlights (ended Sep 30 2025):
  • Revenue C$108.5 M vs. C$77.6 M YoY (+39.8%).
  • Gross profit C$30.7 M vs. C$16.6 M YoY (+84.5%).
  • Adjusted EBITDA (nine‑month) –C$3.6 M vs. –C$20.6 M YoY (+82.5%).
  • Balance Sheet (30 Sep 2025): Total assets C$237.2 M; total liabilities C$195.0 M; equity C$42.2 M.
  • Management Commentary: CEO Assaf Onn highlighted the successful shift to a capital‑light model, positive Adjusted EBITDA, and expanding backlog as indicators of strong growth trajectory.
  • Conference Call: Scheduled for 10:00 a.m. EDT on 12 Nov 2025; webcast link provided.

Notable Quotes

“Anaergia's return to positive Adjusted EBITDA and substantial increase in revenues in the third quarter of 2025 displays our ability to capitalize on our leadership role within the RNG sector,” – Assaf Onn, CEO

Materiality Assessment: Material – Positive (significant revenue and profitability improvement; forward‑looking statements indicate continued growth potential).

Read the original news release →

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