Business
CHAR Tech Reports Fiscal Year 2025 Financial Results and Commercialization Updates
TORONTO, ON / ACCESS Newswire / January 28, 2026 /CHAR Technologies Ltd. ("CHAR Tech" or "the Company") (TSXV:YES)(FSE:68K) a leader in sustainable biomass energy solutions for heavy industry decarbonization is pleased to report its financial results ...
About this update from Char Technologies Ltd.
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / January 28, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or "the Company") (TSXV:YES)(FSE:68K) a leader in sustainable biomass energy solutions for heavy industry decarbonization is pleased to report its financial results for its fiscal year ended September 30th, 2025.","length":319,"tagName":"p"},{"type":"text","content":""As CHAR Tech reports our fiscal 2025 results, we are immensely proud of the progress we've made this year" said Andrew White, CEO of CHAR Technologies. "As we transitioned our Thorold project from a successful pilot into commercialization with a limited partnership structure, we see some significant changes to our corporate consolidated financials, notably a gain on contribution to joint venture of just over $4M, a reduction in liabilities of just under $11M. As we continue to develop projects, the effort that the team puts into project development prior to the formation of a limited partnership can be expected to produce a gain for the Company."","length":679,"tagName":"p"},{"type":"text","content":"Management is proud to highlight recent milestones in the fiscal year ended September 30th, 2025, that demonstrate significant progress, including:","length":147,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A key partnership with the BMI Group ("BMI"), which saw BMI invest $2M into CHAR Tech, and $C8M into the Thorold Project during the fiscal year. Additionally, subsequent to fiscal year end, a $10M commitment to the Espanola Biocarbon project, as press released January 14th, 2026.","length":290,"tagName":"p"}]},{"val":[{"type":"text","content":"Commercial biocarbon production from the Thorold facility, with production set to increase as the Thorold project moves through construction and commissioning.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"The successful deployment of a high temperature pyrolysis system in Baltimore, with the City of Baltimore and Synagro, for the destruction of PFAS in biosolids - the first known deployment of high temperature pyrolysis for the destruction of PFAS globally. Additionally, this HTP installation is successfully cleaning produced pyrolysis gas, creating syngas for energy uses - another global first in the pyrolysis of biosolids.","length":427,"t...