Blumetric Environmental Inc
XTSX:BLM

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Blumetric Environmental Inc
XTSX:BLM
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Price: 1.56 CAD -0.64% Market Closed
Market Cap: 58.5m CAD

Blumetric Environmental Inc
Investor Relations

BluMetric Environmental, Inc. operates as a cleantech company. The company is headquartered in Carp, Ontario. The firm's services and products include engineering, rehabilitation and design; wastewater and water treatment solutions; hydrogeology and hydrology; environmental due diligence assessments; waste management (solid, liquid and hazardous); and management systems and training. The company provides an end-to-end solution from assessment and evaluation to implementation to ongoing service and management. The firm is focused on four key markets, which includes mining; commercial and industrial; Government; and military. The company has approximately 10 offices across Ontario, Quebec, Yukon and Northwest Territories.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Aug 28, 2025
AI Summary
Q3 2025

Revenue Growth: Q3 revenue surged to $14.7 million from $8 million last year, driven mainly by the strong performance and post-acquisition growth of WaterTech USA (Gemini).

Margins: Gross margin declined to 36% from 44% year-over-year, mostly due to a shift in sales mix favoring WaterTech over higher-margin professional services.

Profitability: EBITDA fell slightly to $308,000 from $356,000, impacted by lower professional services utilization and increased non-billable labor. The quarter saw a net loss of $451,000 compared to a small profit last year.

Utilization & SG&A: Professional services suffered from project delays, leading to a $900,000 increase in nonbillable labor, but utilization is now at an all-time high, with a rebound expected in Q4.

Outlook & Guidance: Management expects a strong rebound in Q4 profitability, driven by higher utilization and reduced nonbillable labor, but sees 6–7% EBITDA margin as more realistic than the aspirational 10%. 2025 EBITDA is expected to surpass 2024.

Military & Product Innovation: Military market revenues rose 76% with new contracts and the launch of a Navy ship water-quality system, which may have broader commercial applications.

Acquisition Strategy: The company is actively pursuing accretive M&A opportunities at 4–6x EBITDA multiples but remains disciplined on valuation and leverage, with no current debt and strong cash reserves.

Key Financials
Revenue
$14.7 million
Gross Margin
36%
Operating Expenses
$5.6 million
EBITDA
$308,000
Net Income
-$451,000
Net Cash
$3.4 million
Cash Availability
$7.4 million
Unutilized Labor (Professional Services)
$2.4 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott Andrew MacFabe
CEO & Director
No Bio Available
Mr. Andy Benson P.Eng.
VP & Director of Operations
No Bio Available
Mr. John Daniel Hilton B.Com, CPA, CA, M.B.A.
Chief Financial Officer
No Bio Available
Mr. Dan L. Scroggins
Senior Vice President of Research & Innovation
No Bio Available

Contacts

Address
ONTARIO
Carp
3108 Carp Rd
Contacts
+16138393053.0
www.blumetric.ca