SHARC Energy filed financial results for the three and nine months ended September 30, 2025, reporting revenue of $2.69 million for YTD 2025, a 15% increase over the previous year. The Sales Pipeline is $16.6M, with a Sales Order Backlog of $3.4M, reflecting a 7% decrease since August 29, 2025.

In Q3 2025, SHARC Energy reported a loss of $0.74M and an Adjusted EBITDA loss of $0.5M, showing a 12% reduction and 22% improvement, respectively. YTD 2025 saw a loss of $2.47M and an Adjusted EBITDA loss of $1.53M, a 7% increase and 7% improvement, respectively.

Gross margins for Q3 2025 and YTD 2025 were 39% and 38%, respectively. SHARC Energy’s CEO, Michael Albertson, is optimistic about surpassing $3 million in revenue in 2025, setting the stage for a transformational 2026.

SHARC Energy’s Sales Order Backlog continues to evolve, with large-scale district energy projects in negotiation expected to reshape growth in 2026. The company is entering new market sectors with an evolving product portfolio, anticipating new business closures by the next reporting date.

Key highlights for YTD 2025 include powering the Sen̓áḵw District Energy System, shipping systems to a US government-affiliated project, and being featured in Ottawa’s Lebreton Flats District Energy Project. The company also secured US and European patents and closed a $1.57 million convertible debenture.

Read more at GlobeNewswire: Sharc Energy Announces Q3 2025 Financial Results