Turnium Technology Group Inc. Reports Fiscal 2025 Audited Financial Results

Executive Summary

• Turnium Technology Group Inc. reported FY 2025 total revenue of $8.79 M (up 58.2% YoY) but posted a net comprehensive loss of C$11.24 M, reflecting continued losses despite revenue growth.
• The company disclosed an amendment extending the exclusivity period for its proposed Insentra acquisition to Jan 31 2026; completion remains uncertain.
• Discontinued operations (Tenacious Networks – TNET) were classified as held‑for‑sale, contributing a net loss of C$860.9 K for FY 2025.

Key Details

• FY 2025 Revenue: $8.79 M total; $6.72 M from continuing operations (+90.1% YoY).
• FY 2025 Net Comprehensive Loss (total): C$11.24 M (C$3.07 M FY 2024).
• Continuing Operations Net Loss: C$10.43 M; Discontinued Operations Net Loss: C$0.86 M.
• Q4 2025 Revenue: CAD 2.29 M (+47.7% YoY); Gross margin CAD 0.687 M (‑25.8% YoY).
• Weighted Avg Shares Outstanding FY 2025: 170,187,417 (down from 184,757,145).
• Basic & Diluted Loss per Share (continuing): $0.06.
• Other Gain/Loss (Q3‑Q4): Significant other loss of C$6.47 M in Q4, driven by non‑operating items.
• TNET Discontinued Operations (Q3 2025): Revenue CAD 530,556; Gross margin CAD 116,889; Net income CAD 18,961.
• Insentra Acquisition Update: Amendment to LOI extends term to Jan 31 2026; definitive asset purchase agreement not yet executed; subject to due diligence, regulatory approvals, and TSXV consent.
• Future Guidance (CEO Quote): Target of $100 M revenue and $20 M EBITDA by 2027 through organic growth and accretive M&A.

Notable Quotes

“Our mission of driving sales, expanding our global network and actively pursuing accretive M&A opportunities are helping us reach our stated goal of achieving $100 million in revenue and $20 million in EBITDA by 2027.” – Doug Childress, CEO

Materiality Assessment: Material – Negative (significant net loss and forward‑looking statements about large future targets).