Titan Logix Corp. Reports Its Fiscal 2025 Q3 and YTD Financial Results
Titan Logix Corp. (TSXV: TLA) reported its Q3 and YTD fiscal 2025 results, showing mixed performance. YTD revenues remained relatively stable at C$5.15 million, down 1% year-over-year, while Q3 revenues decreased 23% to C$1.49 million. The company's YTD gross profit margin improved slightly to 51%, though Q3 margins declined to 48% from 52% in the previous year.
The company achieved significant milestones, including CSA certification for its new FINCH display and progress toward field trials of a new product line for the refined petroleum market. Operating EBITDA for YTD increased by 22% to C$968,000, despite a Q3 decline of 80% to C$83,000. The company reported a YTD net loss of C$225,000, an improvement from the C$378,000 loss in the previous year.
Titan Logix Corp. (TSXV: TLA) ha comunicato i risultati del terzo trimestre e del periodo cumulativo dell'anno fiscale 2025, evidenziando performance contrastanti. I ricavi cumulativi sono rimasti sostanzialmente stabili a 5,15 milioni di C$, con un calo dell'1% rispetto all'anno precedente, mentre i ricavi del terzo trimestre sono diminuiti del 23%, attestandosi a 1,49 milioni di C$. Il margine lordo cumulativo 猫 leggermente migliorato, raggiungendo il 51%, sebbene il margine del terzo trimestre sia sceso al 48% dal 52% dell'anno precedente.
L'azienda ha raggiunto importanti traguardi, tra cui la certificazione CSA per il nuovo display FINCH e progressi verso le prove sul campo di una nuova linea di prodotti per il mercato dei prodotti petroliferi raffinati. L'EBITDA operativo cumulativo 猫 aumentato del 22%, arrivando a 968.000 C$, nonostante un calo dell'80% nel terzo trimestre, fermandosi a 83.000 C$. La societ脿 ha riportato una perdita netta cumulativa di 225.000 C$, migliorando rispetto alla perdita di 378.000 C$ dell'anno precedente.
Titan Logix Corp. (TSXV: TLA) inform贸 sus resultados del tercer trimestre y acumulados del a帽o fiscal 2025, mostrando un desempe帽o mixto. Los ingresos acumulados se mantuvieron relativamente estables en 5,15 millones de C$, con una disminuci贸n del 1% interanual, mientras que los ingresos del tercer trimestre bajaron un 23% hasta 1,49 millones de C$. El margen bruto acumulado mejor贸 ligeramente hasta el 51%, aunque los m谩rgenes del tercer trimestre disminuyeron al 48% desde el 52% del a帽o anterior.
La compa帽铆a alcanz贸 hitos importantes, incluyendo la certificaci贸n CSA para su nueva pantalla FINCH y avances hacia pruebas de campo de una nueva l铆nea de productos para el mercado de petr贸leo refinado. El EBITDA operativo acumulado aument贸 un 22% hasta 968.000 C$, a pesar de una ca铆da del 80% en el tercer trimestre, llegando a 83.000 C$. La empresa report贸 una p茅rdida neta acumulada de 225.000 C$, mejorando respecto a la p茅rdida de 378.000 C$ del a帽o anterior.
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Titan Logix Corp. (TSXV : TLA) a publi茅 ses r茅sultats du troisi猫me trimestre et cumul茅s de l'exercice 2025, montrant des performances mitig茅es. Les revenus cumul茅s sont rest茅s relativement stables 脿 5,15 millions de C$, en baisse de 1 % par rapport 脿 l'ann茅e pr茅c茅dente, tandis que les revenus du troisi猫me trimestre ont diminu茅 de 23 % pour atteindre 1,49 million de C$. La marge brute cumul茅e s'est l茅g猫rement am茅lior茅e 脿 51 %, bien que la marge du troisi猫me trimestre soit pass茅e de 52 % 脿 48 % par rapport 脿 l'ann茅e pr茅c茅dente.
L'entreprise a atteint des jalons importants, notamment la certification CSA pour son nouvel 茅cran FINCH et des progr猫s vers des essais sur le terrain d'une nouvelle gamme de produits pour le march茅 des produits p茅troliers raffin茅s. L'EBITDA op茅rationnel cumul茅 a augment茅 de 22 % pour atteindre 968 000 C$, malgr茅 une baisse de 80 % au troisi猫me trimestre, 脿 83 000 C$. La soci茅t茅 a enregistr茅 une perte nette cumul茅e de 225 000 C$, une am茅lioration par rapport 脿 la perte de 378 000 C$ de l'ann茅e pr茅c茅dente.
Titan Logix Corp. (TSXV: TLA) meldete seine Ergebnisse f眉r das dritte Quartal und das laufende Gesch盲ftsjahr 2025 mit gemischter Performance. Die kumulierten Ums盲tze blieben mit 5,15 Millionen C$ relativ stabil und gingen im Jahresvergleich um 1 % zur眉ck, w盲hrend die Ums盲tze im dritten Quartal um 23 % auf 1,49 Millionen C$ sanken. Die kumulierte Bruttogewinnmarge verbesserte sich leicht auf 51 %, obwohl die Marge im dritten Quartal von 52 % im Vorjahr auf 48 % zur眉ckging.
Das Unternehmen erreichte bedeutende Meilensteine, darunter die CSA-Zertifizierung f眉r das neue FINCH-Display und Fortschritte bei Feldversuchen einer neuen Produktlinie f眉r den Raffineriemarkt. Das operative EBITDA f眉r das laufende Jahr stieg um 22 % auf 968.000 C$, trotz eines R眉ckgangs im dritten Quartal um 80 % auf 83.000 C$. Das Unternehmen meldete einen kumulierten Nettoverlust von 225.000 C$, was eine Verbesserung gegen眉ber dem Verlust von 378.000 C$ im Vorjahr darstellt.
- YTD Operating EBITDA increased 22% to C$968,000
- YTD gross profit margin improved to 51% from 50%
- Net loss improved to C$225,000 from C$378,000 YTD
- Strong working capital position of C$15.3 million
- Achieved CSA certification for new FINCH display
- Q3 revenue declined 23% to C$1.49 million
- Q3 gross margin decreased to 48% from 52%
- Q3 Operating EBITDA declined 80% to C$83,000
- US market sales impacted by tariff uncertainties
- Product research and development expenses increased by C$201,000
(In
Edmonton, Alberta--(Newsfile Corp. - July 16, 2025) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announces its interim results for the three- and nine-month periods ended May 31, 2025.
"We are on track to begin field trials of our new product line for the refined petroleum market by the end of the fiscal year," says Nick Forbes, CEO at Titan. "This will be a key enabler for our growth into new markets by delivering innovative technology with a proven track record."
The upcoming launch of our new product line, designed to meet specific customer needs in the refined fuels market, will drive new pilot trial and sales opportunities. Notably, the Company achieved CSA certification on its new FINCH display in the third quarter, and we are on track to begin field trials of the new product line by the end of the fourth fiscal quarter. This product, based on our proven TD-series platform, offers several key differentiators:
- Reliable overfill protection and rack control, giving refined petroleum fleets flexibility in rack, and non-rack loading environments.
- Enhanced safety and efficiency, displaying highly accurate liquid level measurement with improved performance over previous generation TD-series products.
- A compelling value proposition for fleet operators through integration with Titan's cloud-connected digital strategy.
In parallel, Titan continued onboarding key dealer and OEM accounts into its Titan Install mobile application and Titan Portal back-office platform. These tools have been praised by channel partners for their intuitive design, ease of use, and modern capabilities. Our digital strategy remains a core differentiator, strengthening Titan's market position.
YTD & Q3 FISCAL 2025 HIGHLIGHTS
- Revenues for the first nine months of fiscal 2025 were consistent with fiscal 2024 with only a modest decrease of
$46 or1% to$5,145 compared to$5,191 for the same period in fiscal 2024. However, revenues for the third quarter of fiscal 2025 decreased by$436 or23% to$1,489 compared to$1,926 in the third quarter of fiscal 2024, as the uncertainty and threat of tariffs on sales to the Company's US market continued to have a negative impact in the current quarter. - Gross Profit through the first nine months of fiscal 2025 increased slightly by
$29 t o$2,635 or51% of revenues compared to$2,606 or50% of revenues in the comparative period. The increase in Gross Profit resulted from lower key manufacturing input costs and stronger US dollar when compared to the same period in fiscal 2024. Gross Profit decreased by$296 t o$708 or48% of revenue in the third quarter of fiscal 2025 compared to$1,004 or52% of revenue in the same quarter of fiscal 2024 due mainly to reduced revenue volumes. - The performance of the CORE business, measured by Operating EBITDA(1), has increased by
22% through the first nine months of the fiscal 2025 to$968 , compared to$792 t hrough same period in fiscal 2024. Operating EBITDA(1) declined by$327 or80% in the third quarter of fiscal 2025 however, with reported Operating EBITDA of$83 compared to$410 in the same period of fiscal 2024, a direct result of the reduced volume experienced in the third fiscal quarter compared to the third quarter of fiscal 2024. - Product research and development expenses increased by
$201 t o$999 in the current fiscal 2025 year compared to$798 in the same period of fiscal 2024, with the third quarter product research and development expenses increasing by$82 t o$368 in the current fiscal quarter compared to$285 in the same quarter of fiscal 2024. The expenses incurred support the Company's diversification and growth into new markets. - The Company's net loss has improved by
$153 t o a net loss of$225 in the current fiscal year compared to a net loss of$378 in the same period of fiscal 2024, this decrease resulted from lower unrealized losses on marketable securities in the current year. The Company's net loss in the third quarter increased by$202 t o a net loss of$421 compared to a net loss of$202 in the third quarter of fiscal 2024 due mainly to the current period reduction in volume experienced.
Financial Highlights Summary
| Three months ended | Nine months ended | |||
| 2025 | 2024 | 2025 | 2024 | |
| $ | $ | $ | $ | |
| Revenue | 1,489 | 1,926 | 5,145 | 5,191 |
| Cost of sales | (782) | (922) | (2,510) | (2,584) |
| Gross profit | 708 | 1,004 | 2,635 | 2,606 |
| Gross margin (%) | ||||
| Operating EBITDA (1) | 83 | 410 | 968 | 892 |
| Product research and development expenses (1) | (368) | (285) | (999) | (798) |
| EBITDA (1) | (285) | 125 | (31) | 93 |
| Net loss | (421) | (218) | (225) | (378) |
| EPS - Basic and Diluted | (0.01) | (0.01) | (0.01) | (0.01) |
| Financial Position | As at May 31, 2025 | As at August 31, 2024 | ||
| Working capital | $ | 15,345 | $ | 14,139 |
| Total assets | $ | 18,602 | $ | 19,022 |
| Long-term liabilities | $ | 494 | $ | 600 |
| Total equity | $ | 17,171 | $ | 17,502 |
(1) See Non-IFRS measures below.
The Company's unaudited, condensed, consolidated interim financial statements and the management's discussion and analysis ("MD&A") which includes the Company's Business Outlook, for the three- and nine-month periods ended May 31, 2025, are available on SEDAR+ at and the Company's website, .
NON-IFRS MEASURES
The Company uses certain measures in this MD&A that do not have a standardized meaning as prescribed by IFRS (International Financial Reporting Standards) and thus are prohibited from being disclosed in the consolidated financial statements. These measures, which are derived from information reported in the Company's consolidated financial statements, may not be consistent with similar measures presented and disclosed by other reporting issuers. However, management believes that this information provides increased insight into the Company's strategic plan to address the broader mobile liquid markets. Readers are cautioned that these Non-IFRS measures should not be construed as alternatives to other measures of financial performance calculated in accordance with IFRS.
The table below provides a reconciliation of the Company's EBITDA and Operating EBITDA to the Operating income (loss) before other items per the interim consolidated financial statements for the periods presented:
| Fiscal Period Ended | Q3 2025 | Q3 2024 | YTD 2025 | YTD 2024 |
| Operating income (loss) before other items | (388) | 2 | (416) | (245) |
| Add: Depreciation and amortization | 96 | 99 | 289 | 283 |
| Add: Non-cash stock-based compensation | 7 | 24 | 96 | 55 |
| EBITDA | (285) | 125 | (31) | 93 |
| Add: Product research and development expenses (1) | 368 | 285 | 999 | 798 |
| Operating EBITDA | 83 | 410 | 968 | 892 |
The table below, removes the recurring engineering expenses from the total to isolate the product research and development expenses excluded in Management's calculation of Operating EBITDA:
| Fiscal Period Ended | Q3 2025 | Q3 2024 | YTD 2025 | YTD 2024 |
| Engineering, product research and development expenses | (396) | (333) | (1,088) | (949) |
| Less: Recurring engineering expenses | 28 | 47 | 88 | 150 |
| Product research and development expenses | (368) | (285) | (999) | (798) |
(1) A detailed definition of these Non-IFRS measures can be reviewed in the Company's MD&A
About Titan Logix Corp.:
For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.
Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information in this press release that is not current or historical factual information may constitute forward looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that the actual performance of the Company is subject to many risks and uncertainties and could differ materially from what is expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2024, which is available at . In addition, the occurrence of pandemics, such as the outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters, or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. The forward-looking information contained in this press release is based on our current estimates, expectations, and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any time, whether a result of new information, future events or otherwise, except as required by applicable securities law
Contact Information:
Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: [email protected]
TSX Venture, TLA
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