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None

SEDAR Interim Financial Statements

By The Northwire Desk — AI Analysis Jan 27, 2026 · 07:19 TMG · 0.145 Thermal Energy International Inc
TMG · Price

[ { "companyName": "Thermal Energy International Inc.", "reportingPeriodEnd": "2025-11-30", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cashAndCashEquivalents": 2005661, "tradeAndOtherReceivables": 7300613, "currentTaxReceivable": 32762, "prepaidExpenses": 1150058, "inventory": 1761334, "totalCurrentAssets": 12250428, "propertyPlantAndEquipment": 300278, "rightOfUseAssets": 805618, "intangibleAssets": 463986, "deferredTaxAssets": 217989, "totalNonCurrentAssets": 1787871, "totalAssets": 14038299, "tradePayablesAndOtherLiabilities": 5567209, "currentTaxLiabilities": 138035, "pensionsAndOtherEmployerObligations": 193547, "currentPortionOfLongTermDebt": 69752, "deferredRevenue": 2168784, "provisions": 345259, "currentPortionOfLeaseObligations": 328280, "totalCurrentLiabilities": 8810866, "longTermDebt": 0, "leaseObligations": 813884, "deferredTaxLiabilities": 949, "totalNonCurrentLiabilities": 814833, "totalLiabilities": 9625699, "capitalStock": 32774990, "contributedSurplus": 5111033, "accumulatedOtherComprehensiveIncome": 468803, "deficit": -33935594, "equityAttributableToOwnersOfParent": 4419232, "nonControllingInterest": -6632, "totalEquity": 4412600, "totalLiabilitiesAndEquity": 14038299, "cashPerShare": 0.0111, "workingCapitalPerShare": 0.0190 }, "incomeStatement": { "revenue": 17037762, "costOfSales": 9840860, "grossProfit": 7196902, "administration": 3524306, "sellingMarketingAndBusinessDevelopment": 2596254, "researchAndDevelopment": 185361, "totalExpenses": 6305921, "operatingIncome": 890981, "financeCosts": -60957, "financeRevenue": 10757, "incomeBeforeIncomeTax": 840781, "incomeTaxExpense": -57137, "netIncome": 783644, "otherComprehensiveIncomeExchangeDifferences": -67429, "totalComprehensiveIncome": 716215, "netIncomeAttributableToOwnersOfParent": 725139, "netIncomeAttributableToNonControllingInterest": 58505, "totalComprehensiveIncomeAttributableToOwnersOfParent": 657942, "totalComprehensiveIncomeAttributableToNonControllingInterest": 58273, "netIncomePerShareBasicAndDiluted": 0.004, "weightedAverageSharesOutstanding": 181284750 }, "cashFlowStatement": { "netIncome": 783644, "depreciationOfPropertyPlantAndEquipment": 121370, "lossOnDisposalOfAssets": 0, "depreciationOfRightOfUseAssets": 188090, "amortizationOfIntangibleAssets": 28982, "financeCosts": 60957, "financeRevenue": -10757, "shareBasedCompensation": 123276, "incomeTaxExpense": 57137, "unrealizedForeignExchangeAndTranslationAdjustments": -108423, "changesInWorkingCapital": { "tradeAndOtherReceivables": -2802051, "prepaidExpenses": -384792, "inventory": 65743, "tradePayablesAndOtherLiabilities": 2616892, "deferredRevenue": -548477, "incomeTaxPaidRefunded": -16194, "interestPaid": -63116, "interestReceived": 10757 }, "netCashProvidedByOperatingActivities": 123038, "additionsToPropertyPlantAndEquipment": -32033, "netCashUsedInInvestingActivities": -32033, "repaymentOfLongTermDebt": -259642, "repaymentOfLeaseObligations": -172855, "stockOptionsExercised": 67500, "repurchaseOfShares": -499905, "dividendsPaid": -61436, "netCashUsedInFinancingActivities": -926338, "decreaseInCashAndCashEquivalents": -835333, "cashAndCashEquivalentsBeginning": 2798695, "exchangeDifferencesOnCash": 42299, "cashAndCashEquivalentsEnd": 2005661 }, "investmentsAndOtherAssets": [], "shareStructure": { "authorizedShares": "Unlimited Class A common shares, no par value; Unlimited Series 1 preferred shares", "issuedShares": 170715067, "classesOfShares": [ "Class A common shares", "Series 1 preferred shares" ], "warrants": [], "options": [ { "number": 12020402, "exercisePrice": 0.13, "expiryDate": null }, { "number": 6372300, "exercisePrice": 0.20, "expiryDate": null } ], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": [ { "period": "three months ended November 30, 2025", "salariesAndOtherShortTermEmployeeBenefits": 266326, "shareBasedPayments": 22203, "total": 288529 }, { "period": "six months ended November 30, 2025", "salariesAndOtherShortTermEmployeeBenefits": 525300, "shareBasedPayments": 44406, "total": 569706 } ], "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Directors", "description": "Accrued directors' fees included in trade payables and other liabilities", "amount": 25690, "period": "as at November 30, 2025" } ] }, "subsequentEvents": [] } ]

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