Thermal Energy International Delivers 18% Revenue Growth to Record $10.2M in Q2
Thermal Energy International reported record Q2 revenue of $10.2 million, an 18% increase over last year, with adjusted EBITDA of $814,000—triple the prior period—and net income of $618,000, 20 times higher. The company ended the quarter with virtually no bank debt and robust demand across its markets.
1. LVMH Q4 2025 Performance Exceeds Two-Decade Margin High
LVMH Moët Hennessy–Louis Vuitton reported full-year revenue just over €80 billion, doubling its top-line compared with a decade ago. Organic revenue dipped slightly year-over-year but rebounded in the second half of 2025. The group delivered a record operating margin of 22 percent, the highest in 20 years, despite a negative foreign-exchange swing that reduced operating profit by approximately €1.2 billion. Strong free cash flow generation allowed the group to maintain its investment program, while cost-containment measures limited SG&A expense growth to 3 percent. Management signaled that 2026 will see continued currency headwinds and geopolitical uncertainty, but reiterated confidence in the Executive Committee’s ability to drive further margin expansion.
2. Metro Inc. Q1 2026 Sales Growth and Margin Improvement
Metro Inc. achieved a 4.7 percent increase in same-store sales during the first quarter of fiscal 2026, driven by food retailing and private-label merchandise. Consolidated revenue rose to CAD 4.8 billion, up 3.2 percent from the prior-year quarter. Gross margin expanded by 40 basis points to 25.1 percent, reflecting improved procurement terms and optimized logistics routes. Adjusted EBITDA increased by 7.5 percent to CAD 545 million, while net income climbed 9 percent to CAD 228 million. The company generated CAD 310 million of free cash flow, enabling a 12 percent sequential increase in the quarterly dividend. Management reaffirmed its mid-single-digit sales growth target and noted plans to open 15 new food stores in 2026.
3. Thermal Energy International Delivers Record Quarterly Results
Thermal Energy International recorded a record quarterly revenue of CAD 10.2 million in Q2 2026, up 18 percent year-over-year. Adjusted EBITDA reached CAD 814 000, tripling the prior-year figure, while net income jumped twenty-fold to CAD 618 000. The company ended the quarter with no bank debt and CAD 4.5 million in cash and equivalents. Order bookings rose 22 percent to CAD 12.4 million, led by new installations in North America and Europe. Management highlighted a robust sales funnel for heat recovery and energy-efficiency projects, expecting H2 bookings to exceed CAD 14 million, and projected full-year revenue growth above 15 percent.
4. Cerrado Gold Faces Environmental Hurdle at Lagoa Salgada
Cerrado Gold’s Environmental Impact Assessment for the Lagoa Salgada gold project received an unfavourable opinion from local authorities. The company is evaluating next steps, including potential supplementary studies and stakeholder consultations. Management emphasized that the ruling is not final and affirmed that existing data on water management, tailings containment and biodiversity impact will support a revised submission. Cerrado Gold’s most recent balance sheet shows CAD 28 million in cash and CAD 12 million in drawdown capacity under its credit facility, sufficient to fund further environmental work through mid-2027. The company’s leadership is now engaging with regulatory bodies to clarify technical requirements and timelines for approval.