Thermal Energy International Inc. reported a 12.7% revenue increase to a record $33.6 million and a 749.4% rise in net income to $1.3 million for fiscal year 2026. The growth was driven by strong sales in turnkey projects and GEM equipment, with order intake up 37.6% to $30 million. The company also reduced debt and repurchased shares, signaling financial strength. With an order backlog rising to $18.9 million by September 2026, Thermal Energy is positioned for continued growth in energy efficiency solutions.
Thermal Energy's fiscal 2026 results are reported as of Sep 22, 2026 17:12 WIB. For readers following the energy sector, here is Pluang's market snapshot as of that date: out of 35 priced US energy stocks, 9 rose and 26 fell. Notable movers include MPC at USD 394.67 with a 1-day change of -1.92%, CVE at USD 30.97 down 1.90%, and CNQ at USD 47.37 down 1.88%.
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