Thermal Energy International Inc. (TMG) Earnings Call Transcripts

Thermal Energy International Inc.'s Latest Earnings Call - March 31, 2026

In the fiscal year 2025, The Mission Group plc (TMG:GB) reported a revenue decline of 8% to just under GBP 70 million, primarily due to a significant drop in consumer advertising spending. Headline operating profit decreased from GBP 7.6 million to GBP 5.1 million, reflecting the challenging market environment and restructuring costs. Management signaled a cautious optimism for 2026, with a commitment to a GBP 4 million annualized cost saving and a focus on growth in key segments, particularly in Sports & Events and Property, as they aim to return to a progressive dividend strategy once comfortable with their financial position.

Reported metrics

Guidance from management

Management is optimistic about 2026, aiming for growth particularly in Sports & Events and Property, while maintaining a focus on cost discipline. They expect to return to a progressive dividend strategy once comfortable with their financial position.

What management said

And one final one here at the moment, which is, in the some of the presentation here, as we talked about how reported quarter sales cycle extended, there, we saw budget caution from the clients, around making decisions and so on. Have you seen any improvement?

I think I've said a lot about the business and a lot about where we are. I think the most important thing for me is to say thank you to you as investors for your resilience, for your support. I do not take it for granted. I promise you every day we show up to the office and the teams show up to the office with a clear objective, to deliver better performance, better returns for our investors, and we will continue to ...

What analysts pressed on

Analysts expressed concerns regarding the prolonged revenue decline and the impact of client budget caution on future performance. There was also skepticism about the sustainability of the cost savings and whether the growth initiatives would translate into tangible results in the near term.

Main topics on the call

• Revenue Decline — The Mission Group reported a revenue decline of 8% year-over-year, down to just under GBP 70 million. CEO John Carey noted, "we've seen a decline in spend with -- on the marketing side of the business, particularly aroun...
• Cost Savings and Restructuring — Management achieved over GBP 4 million in cost savings through a restructuring program that reduced the number of agencies from 16 to about 5. CFO Giles Lee stated, "we have increased that target and delivered against th...
• Debt Reduction — The company significantly reduced its total debt from GBP 14 million in 2024 to GBP 10.4 million in 2025, marking a historic low. Giles Lee emphasized, "we will have completed all our earn-out payments by 2026, so our ne...
• Client Retention — The Mission Group reported strong client retention, with over half of total revenue coming from clients with more than five years of relationship. This stability provides reasonable visibility into future income trends.

Read the full Thermal Energy International Inc. transcript (March 31, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Thermal Energy International Inc. earnings call transcripts on record, spanning October 30, 2024 to April 28, 2026. Based on this history, Thermal Energy International Inc. reports quarterly. The most recent call on file is dated April 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TMG

Exchange

TSXV

Country

CA

Sector

Industrials

Industry

Machinery

Calls on record

8

First call

October 30, 2024

Most recent

April 28, 2026

Reporting cadence

quarterly