SHARC International Systems Inc. has reported financial results for the second quarter and year-to-date as of June 30, 2025. Revenue for YTD 2025 is $1.86 million, a 19% increase over the same period in 2024. The company has a Sales Pipeline of $16.6 million and Sales Order Backlog of $3.7 million as of August 29, 2025.

Despite reporting revenue growth, SHARC Energy saw a 3% increase in Sales Order Backlog since May 30, 2025. The company reported a loss of $0.82 million and an Adjusted EBITDA loss of $0.46 million in Q2 2025. Gross margins for Q2 2025 were 44%, demonstrating resilience.

SHARC Energy is making strides in the thermal energy market with key projects in Ottawa and Vancouver utilizing SHARC Wastewater Energy Transfer systems. The company is also expanding into new sectors such as wastewater treatment facilities, universities, and correctional facilities, anticipating new business opportunities.

In YTD 2025, SHARC Energy reported a loss of $1.7 million and an Adjusted EBITDA loss of $1.07 million. The company continues to observe revenue growth and aims to launch new products in its portfolio. SHARC Energy’s revenue growth is gaining momentum as it progresses in various sectors.

Key projects include the Lebreton Flats District Energy Project in Ottawa and the False Creek NEU Expansion in Vancouver. SHARC Energy anticipates commencing submittals for these projects in 2025. Fred Andriano has been appointed as Chairman of the Board of Directors, with significant changes to the board announced on May 5, 2025.

For complete financial information, refer to the Condensed Consolidated Interim Financial Statements and MD&A filed on SEDAR. SHARC Energy is a world leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production. The company is publicly traded in Canada, the US, and Germany.

Read more at GlobeNewswire: SHARC Energy Announces Q2 2025 Financial Results