Thermal Energy International Inc. (TSXV:TMG)

Revenue Breakdown

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Thermal Energy Ottawa Revenue	21.91M	13.61M
Thermal Energy Bristol Revenue	11.64M	16.17M
Revenue (Total)	33.55M	29.78M

Revenue Breakdown 2

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Sale of Goods and Equipment Revenue	14.66M	13.17M
Services Revenue	2.15M	2.33M
Contracts for Heat Recovery Project Revenue	16.74M	14.27M
Revenue (Total)	33.55M	29.78M

Gross Profit

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Thermal Energy Ottawa Gross Profit	7.78M	5.64M
Thermal Energy Bristol Gross Profit	6.37M	6.71M
Gross Profit (Total)	14.15M	12.34M

Net Income

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Thermal Energy Ottawa Net Income	3.00M	1.34M
Thermal Energy Bristol Net Income	-190.44K	806.51K
Eliminations from Net Income	-1.47M	-1.98M

Key Performance Indicators

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Order Backlog	11.80M	12.90M

Data Source: Fiscal.ai Last updated: Sep 22, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 12, 2026

Data Sources Report a data error