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Earnings

Enterprise Group Announces Results for Third Quarter 2025

By The Northwire Desk — AI Analysis Nov 13, 2025 · 08:31 E · 1.31 ENTERPRISE GROUP, INC.
E · Price

Executive Summary

  • Enterprise Group reported Q3 2025 revenue of $9.21 M, a 35% increase versus the prior year quarter.
  • Adjusted EBITDA rose to $3.11 M for the quarter, up $1.31 M (73%) YoY, reflecting stronger activity after a low‑activity Q2.
  • The company completed its $20 M acquisition of Flex Leasing Power and Service ULC (now Evolution Power Solutions) and refinanced a $5 M equity portion of its Fort St. John mortgage under an amended BMO lending facility.

Key Details

  • Quarterly Financials (Three months ended Sep 30, 2025 vs 2024)
  • Revenue: $9,210,402 vs $6,801,309 (+$2,409,093 or +35%).
  • Gross margin: $3,832,696 vs $2,521,317 (+$1,311,379).
  • Adjusted EBITDA: $3,114,522 vs $1,807,864 (+$1,306,658).
  • Net income: $819,592 vs $(197,592).

  • Basic EPS: $0.01 vs $0.00; Diluted EPS: $0.01 vs $0.00.

  • Nine‑Month Financials (ended Sep 30, 2025 vs 2024)

  • Revenue: $26,024,402 vs $26,834,878 (−$810,476 or −3%).
  • Gross margin: $10,653,549 vs $12,735,996 (−$2,082,447).

  • Adjusted EBITDA: $8,329,803 vs $10,797,411 (−$2,467,608).

  • Acquisition – Closed acquisition of 100 % of Flex Leasing Power and Service ULC (“FlexEnergy Canada”) for $20 M; renamed Evolution Power Solutions, Inc.; Enterprise now the exclusive supplier/renter/seller of FlexEnergy turbines in Canada.

  • Financing Activity

  • Amended BMO lending facility: refinanced a mortgage and monetized $5 M equity on Fort St. John property; other terms unchanged.

  • New BMO facility (effective Feb 28, 2025): up to prime + 2% interest, first‑charge security on all assets, lower overall borrowing cost after settlement discount of $1.5 M.

  • Cash Flow – Cash flow from operations for nine months: $11,029,393, down from $12,102,914 YoY.

  • Operational Highlights – Integration of Evolution Power Solutions generated new bundled energy solutions; strategic partnership to deliver power where natural‑gas access is limited; continued customer shift from diesel to natural‑gas generators and micro‑grid packages.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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