Titan Logix Corp. Reports Fiscal 2025 Financial Results

Executive Summary

• Titan Logix reported a net loss of $436 K for fiscal 2025, down from a profit of $546 K in FY‑2024.
• Revenue fell 2% year‑over‑year to $6.754 M, while gross profit declined 10% to $3.104 M.
• The company completed an NCIB repurchasing 970,000 shares at $0.76 per share (≈55% of the authorized amount).

Key Details

• Revenue: FY‑2025 $6.754 M (−2% YoY); Q3‑2025 $1.609 M (−3% YoY).
• Gross Profit: FY‑2025 $3.104 M (46% margin, −10% YoY); Q3‑2025 $0.469 M (−45% YoY).
• Operating EBITDA: FY‑2025 $929 K (−19% YoY); Q3‑2025 $(39) K (down $295 K YoY).
• Adjusted EBITDA: FY‑2025 $(459) K (−1,514% YoY); Q3‑2025 $(427) K (−366% YoY).
• Net Earnings/Loss: FY‑2025 loss of $436 K (−$982 K YoY); Q3‑2025 loss of $211 K (down $1,135 K YoY).
• EPS – Basic & Diluted: FY‑2025 $(0.02) per share; FY‑2024 $0.02 per share.
• R&D Expenses: Increased to $1.388 M in FY‑2025 (+24% YoY); Q3‑2025 $388 K (−71% YoY).
• NCIB Activity: Authorized repurchase of up to 1,759,649 shares (~10% float). As of Aug 31 2025, 970,000 shares repurchased at avg. $0.76/share (+ transaction costs).
• Working Capital: $14.395 M (FY‑2025) vs. $14.139 M (FY‑2024).
• Total Assets: $17.893 M (FY‑2025) vs. $19.022 M (FY‑2024).
• Long‑Term Liabilities: $457 K (FY‑2025) vs. $600 K (FY‑2024).
• Total Equity: $16.410 M (FY‑2025) vs. $17.502 M (FY‑2024).

Notable Quotes

“We are excited about the commercial launch of our new product line in the refined petroleum market,” said Nick Forbes, CEO.

Materiality Assessment: Material – Negative (significant earnings decline and share repurchase activity).