- Q2 2025 revenue: C$0.85 million, up 9 per cent from Q2 2024
- YTD revenue: C$1.86 million, 19 per cent increase vs. YTD 2024 and 86 per cent of full‑year 2024 revenue
- Sales order backlog: C$3.7 million, a 71 per cent improvement over 2024; key projects include Sen̓áḵw, Lebreton Flats and U.S. government deployment
Sharc Energy (CSE:SHRC), a wastewater energy recovery technology company, delivered C$0.85 million in revenue for Q2 2025, marking a 9 per cent year-over-year rise and contributing to C$1.86 million in revenue year-to-date — 86 per cent of full-year 2024 results, according to its latest financial report.
The company’s growing C$3.7 million sales order backlog underpins a pipeline of sizeable energy recovery projects, including landmark district energy installations in Canada and the U.S., signaling operational momentum.
This content has been prepared as part of a partnership with SHARC Energy and is intended for informational purposes only.
“We are continuing our strong start to the 2025 fiscal year,” said Michael Albertson, CEO and President of SHARC Energy. “We are continuing to progress into new sectors for the SHARC and PIRANHA with promising opportunities developing within wastewater treatment facilities, universities, water utilities, correctional facilities and the design & build/energy sectors.”
Sales backlog and pipeline growth
At quarter‑end, the company held a C$3.7 million sales order backlog, a 71 per cent increase compared to 2024 revenue, and maintained a C$16.6 million sales pipeline, up 3 per cent since May. This indicates a positive trajectory in project inflow and secured contracts.
Despite revenue growth, the company remains unprofitable. It reported a net loss of C$0.82 million in Q2 2025, compared to C$0.71 million in Q2 2024. Adjusted EBITDA loss narrowed slightly to C$0.46 million, down from C$0.49 million year-over-year.
Gross margins rose to 44 per cent in Q2 2025 and 37 per cent year‑to‑date, against margins of 41 per cent (Q2 2024) and 39 per cent (YTD 2024), reflecting improved project mix and execution efficiency.
Project deployments in Canada and the U.S.
On strategic deployment, Sharc Energy has shipped its WET (Wastewater Energy Transfer) systems to key District Energy System projects. These include Sen̓áḵw in Vancouver (shipped in Q2) and Lebreton Flats in Ottawa, as well as a U.S. government‑affiliated project, underscoring growing adoption of its thermal energy solutions.
Q2 financials demonstrate accelerated revenue, improving margins and solid backlog growth. As project deployments come online, the company’s near-term focus is converting its robust pipeline into recurring revenue, driving scale and narrowing losses.
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